
Cheap Apartments for Rent in Penetanguishene, ON from $800 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Penetanguishene.


7 Robert St W

332 Champlain Rd

332 Champlain Rd

75 McDonald St

114 Davey Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

8 Peel St

3925 Concession Rd 12

Cedar Grove

104 Mulcaster St

Fully Renovated 2BR in the Heart of Downtown Orillia

Georgian Towers
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Highpoint Barrie

62 Albert St S

Mapleview Apartments

66 Rose St

Bayfield Tower Apartments

27 Peter St N
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

29 Fittons Rd E

BayVista Apartments

295 Bay St

295 Bay St

61 College Cres

64 Collete Crescent
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

87 Verona Crescent

55 Courtice Crescent
Penetanguishene, ON Local Guide
How much does it cost to rent an apartment in Penetanguishene?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penetanguishene Studio Apartments | $1,300 | $1,300 | $1,300 |
| Penetanguishene 1 Bedroom Apartments | $1,911 | $1,200 | $2,379 |
| Penetanguishene 2 Bedroom Apartments | $2,343 | $1,600 | $3,449 |
| Penetanguishene 3 Bedroom Apartments | $2,709 | $1,975 | $5,375 |
| Penetanguishene 4 Bedroom Apartments | $6,324 | $2,525 | $10,000+ |
Browse Top Apartments in Penetanguishene
See all Apartments in PenetanguisheneExplore Penetanguishene
Penetanguishene, ON Local Guide
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Cheapest Available Penetanguishene Apartments for Rent
 The cheapest available apartment rental in Penetanguishene, ON is a 2 Beds unit found at Cedar Grove in the Downtown Barrie neighborhood priced from $1,700. Highpoint Barrie in the Downtown Barrie neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,795. Here is today’s list of the most affordable Penetanguishene apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Grove | 2 Bedroom | 2BR,1BA | $1,700 |
| Highpoint Barrie | 1 Bed 1 Bath A | 1BR,1BA | $1,795 |
| Bayfield Tower Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1,850 |
| Georgian Towers | 2 BDRM | 2BR,1BA | $1,900 |
| Edgehill Apartments | 2 Bed 1 Bath A | 2BR,1BA | $1,925 |
| Mapleview Apartments | 3 BDRM | 3BR,1BA | $1,975 |
| The Alcona Innisfil | One Bedroom | 1BR,1BA | $1,997 |
| 1 Lowndes Av | 2 Bedroom | 2BR,2BA | $2,000 |
| The Deanwood Rental Apartments | 1 Bedroom | 1BR,1BA | $2,049 |
| Silvercreek Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2,165 |
Best Value Apartments for Rent in Penetanguishene, ON
As of April 30, 2026 the best value apartment in the Penetanguishene area is the $1.44 price per square foot 2 BDRM W/O Garage Model at Veterans Terrace in the in the Simcoe Region neighborhood starting from $2,300. The second greatest value Penetanguishene apartment is the 3 Bed 1 Bath B Model at Tamarack Woods Townhouses starting at $2,475 with a $1.70 price per square foot in the Simcoe Region neighborhood. Here is today’s list of the best values for Penetanguishene apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Veterans Terrace | 2 BDRM W/O Garage | 2BR,1.5BA | $1.44 |
| Tamarack Woods Townhouses | 3 Bed 1 Bath B | 3BR,1BA | $1.70 |
| Mapleview Apartments | 3 BDRM | 3BR,1BA | $1.53 |
| The Deanwood Rental Apartments | 1 Bedroom + den | 1BR,1BA | $2.51 |
| Georgian Towers | 2 BDRM | 2BR,1BA | $2.21 |
| Cedar Grove | 2 Bedroom | 2BR,1BA | $2.04 |
| Edgehill Apartments | 2 Bed 1 Bath A | 2BR,1BA | $2.32 |
| 1 Lowndes Av | 2 Bedroom | 2BR,2BA | $2.67 |
| The Grove | 1 Bedroom 1 Bathroom | 1BR,1BA | $3.32 |
| Highpoint Barrie | 1 Bed 1 Bath A | 1BR,1BA | $2.71 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Penetanguishene, ON Rentals by Map
See the most popular apartments and homes in Penetanguishene, ON
Frequently Asked Questions about Cheap Penetanguishene Apartments
How much is rent for a Cheap One Bedroom Penetanguishene Apartment?
The lowest price for a Cheap One Bedroom Penetanguishene Apartment is $1,795 at Highpoint Barrie.
What is the lowest price for a Cheap Two Bedroom Penetanguishene Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penetanguishene is starting from $1,700 at Cedar Grove.
What is the most affordable Penetanguishene Three Bedroom Apartment?
The best deal on a cheap Penetanguishene Three Bedroom Apartment rental is at Mapleview Apartments and starts from $1,975.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.