Rent in Cambridge, IA
A 2-bedroom in Cambridge, IA (ZIP 50046) typically rents for about $1,160 a month, with a range of $1,061–$1,160. Owner-occupied homes in Story County pay about 1.40% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $960 | $891–$960 | 1 |
| 1 bed | $709 | $397–$1,020 | 1 |
| 2 beds | $1,160 | $1,061–$1,160 | 1 |
| 3 beds | $1,590 | $1,469–$1,590 | 1 |
| 4 beds | $1,860 | $1,768–$1,860 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Cambridge ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Cambridge, IA?
- About $1,160 a month: the median of the typical rents in 1 ZIP code, which range from $1,061–$1,160. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Cambridge, IA?
- About $709 a month: the median of the typical rents in 1 ZIP code, which range from $397–$1,020. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Cambridge, IA?
- About $1,590 a month: the median of the typical rents in 1 ZIP code, which range from $1,469–$1,590. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Cambridge, IA?
- About $960 a month: the median of the typical rents in 1 ZIP code, which range from $891–$960. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Cambridge, IA?
- About $1,860 a month: the median of the typical rents in 1 ZIP code, which range from $1,768–$1,860. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Cambridge, IA?
- Owner-occupied homes in Story County pay a typical 1.40% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Cambridge rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).