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Cambridge, MN Condos for Rent

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  • /20

    $1,395 Plus Fees

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    141 Birch St N, Cambridge, MN 55008

    Property Id: 857325$1,395 / 2br, 1 bath - 900ft2 - For Rent: 2 Bedroom, 1 Bath Apartment in Cambridge, MN Available Now (141 Birch St N, Cambridge, MN 55008)*** 2 Bedroom, 1 Bathroom Apartment in Cambridge, MN Available Now ***Apartment Includes:- 2 Bedrooms- 1 Bathroom- 1 Parking Space in Parking Lot next to Apartment Building- Water, Sewer, and Trash-

    (763) 308-6387

    141 Birch St N, Cambridge, MN 55008
  • /20

    $1,495 Plus Fees

    • 2 Beds
    • 1 Bath
    • 950 Sq Ft
    • Condo for Rent

    355 Horseshoe Dr, Cambridge, MN 55008

    Property Id: 857290$1,495 / 2br - 950ft2 - For Rent: 2 Bedrooms, 1 Bath Apartment in Cambridge, MN Available Now (355 Horseshoe Dr, Cambridge MN 55008)*** Newer 2 Bedrooms, 1 Bathroom Apartment in Cambridge, MN Available Now ***Spacious Apartment Includes:- 2 Bedrooms- 1 Bathroom- Water, Sewer, and Trash- Laundry Room in Building- Air Conditioning (Wall

    (763) 324-9745

    355 Horseshoe Dr, Cambridge, MN 55008

Frequently Asked Questions

How much does it cost to rent a condo in Cambridge, MN?
The median rent for a condo in Cambridge, MN is $1,295 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Cambridge, MN?
To comfortably afford the median rent in Cambridge, MN, a household needs to earn roughly $87,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,195 per month in Cambridge, MN, renters typically need to show $6,585 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cambridge, MN?
In Cambridge, MN, the price-to-rent ratio is 12.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Cambridge, MN

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,295
Median 1 Bedroom Condo Rent
$1,273
Median 2 Bedroom Condo Rent
$1,395
How to Rent a Home