280 River Rd E
Wasaga BeachONL9Z 2L7
Cheap Homes for Rent in Penetanguishene, ON from $1,400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Penetanguishene.
334 Queen St
MidlandONL4R 3H7
1 Simcoe St
PenetanguisheneONL9M 1V2
1 Simcoe St
PenetanguisheneONL9M 1V2
9 Peel St
BarrieONL4M 3K7
405 Bay St
MidlandONL4R 1K7
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.
405 Bay St
MidlandONL4R 1K7
17 Cheltenham Rd
BarrieONL4M 0E7
64 Collete Crescent
BarrieONL4M 2Z4
72 Prince George Cres
BarrieONL4N 0K9
521 Bay St
MidlandONL4R 1L2
521 Bay St
MidlandONL4R 1L2
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.
152 Madelaine Dr
BarrieONL4N 0N1
Showing Results 1-13, Page 1 of 1
Penetanguishene, ON Local Guide
How much does it cost to rent a home in Penetanguishene?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penetanguishene 2 Bedroom Homes for Rent | $2,092 | $1,800 | $2,850 |
| Penetanguishene 3 Bedroom Homes for Rent | $3,416 | $1,900 | $10,000+ |
| Penetanguishene 4 Bedroom Homes for Rent | $3,300 | $3,000 | $3,600 |
| Penetanguishene 5 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Penetanguishene
Explore Penetanguishene
Penetanguishene, ON Local Guide
- Nearby Cities
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 | $1,865 |
| Georgian Towers | 2 BDRM | 2BR,1BA | $1,900 |
| Mapleview Apartments | 3 BDRM | 3BR,1BA | $1,975 |
Best Value Apartments for Rent in Penetanguishene, ON
As of May 28, 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 E Model at Tamarack Woods Townhouses starting at $2,350 with a $1.68 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 E | 3BR,1BA | $1.68 |
| 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 | $2.47 |
| 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 |
Don'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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Let everyone know!
Do you know the Penetanguishene area?
If you’re an expert on all things Penetanguishene, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Penetanguishene
What type of rentals are currently available in Penetanguishene?
There are currently 41 Apartments for Rent in Penetanguishene, ON with pricing that ranges from $1,400 to $13,277. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penetanguishene ranging from $1,450 to $13,500.
What is the current price range for Rental Homes in Penetanguishene?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penetanguishene ranges from $1,450 to $13,500 with an average monthly rent of $2,867.
How much are larger Three and Four Bedroom Rentals in Penetanguishene?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penetanguishene range from $1,975 to $5,373, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $13,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,495.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.