Magneto-inductive (MI) waveguides are metamaterial structures based on periodic arrangements of inductively coupled resonant magnetic elements. They are of interest for power transfer, communications and sensing, and can be realised in a flexible cable format. Signal-to-noise ratio is extremely important in applications involving signals. Here, we present the first experimental measurements of the noise performance of metamaterial cables. We focus on an application involving radiofrequency signal transmission in internal magnetic resonance imaging (MRI), where the subdivision of the metamaterial cable provides intrinsic patient safety. We consider MI cables suitable for use at 300 MHz during 1H MRI at 7 T, and find noise figures of 2.3–2.8 dB/m, together with losses of 3.0–3.9 dB/m, in good agreement with model calculations. These values are high compared to conventional cables, but become acceptable when (as here) the environment precludes the use of continuous conductors. To understand this behaviour, we present arguments for the fundamental performance limitations of these cables.