close
View Me
Rent Specials
$1,320 - $2,100Studio to 2 Bedroom Apartments Available Now
836 Talwood Dr
836 Talwood DrPeterborough, ON K9J 7G8
Cheap Apartments for Rent in Peterborough, ON from $1,300 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterborough.
close
View Me
Rent Specials
$1,399 - $2,361Studio to 3 Bedroom Apartments Available Now
1001 Talwood Drive
1001 Talwood DrPeterborough, ON K9J 7T3
close
View Me
Rent Specials
$1,600 - $2,2001 to 3 Bedroom Apartments Available Now
Tarawood Place
2199 Walker AvePeterborough, ON K9L 1T8
470 Bolivar St
PeterboroughONK9J 4R4
close
View Me
$1,650 - $2,0501 to 2 Bedroom Apartments Available Now
Parkhill
701 Parkhill Road WestPeterborough, ON K9J 6N8
close
View Me
Rent Specials
$1,680 - $1,8771 to 2 Bedroom Apartments Available Now
1211 Goodfellow Road
1211 Goodfellow RdPeterborough, ON K9J 5X4
778 Weller St
PeterboroughONK9J 7H9
1556 Redwood Dr
PeterboroughONK9K 1B4
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.
805 Morphet Ave
PeterboroughONK9J 2X7
1260 Pulpit Rd
PeterboroughONK9K 1H5
238 Spencleys Ln
PeterboroughONK9H 1R9
186 Collison Ave
PeterboroughONK9J 1A4
1241 Huntington Cir
PeterboroughONK9K 2B4
203-203 Rubidge St
PeterboroughONK9J 3N9
157 Milroy Dr
PeterboroughONK9H 7N7
180 Dumble Ave
PeterboroughONK9H 5B2
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.
1103 Huntington Cir
PeterboroughONK9K 2B1
581 Barnes Crescent
PeterboroughONK9J 7Z2
588 Howden St
PeterboroughONK9J 4B5
260 Lansdowne St W
PeterboroughONK9J 1Y8
219 Stewart St
PeterboroughONK9J 3M6
596 Garside Dr
PeterboroughONK9H 7C7
1326 Hopewell Ave
PeterboroughONK9H 6T3
265 Bethune St
PeterboroughONK9J 3L5
Cash 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.
310 Mason Ave
PeterboroughONK9H 4W5
close
View Me
$1,350 - $1,849Studio to 2 Bedroom Apartments
McDonnel Apartments
294 Mcdonnel StPeterborough, ON K9H 2W8
642 Bolivar St
PeterboroughONK9J 4S2
451 Water St
PeterboroughONK9H 3M2
close
View Me
$1,670 - $2,155Studio to 3 Bedroom Apartments
Time Square Apartments
201-211 Hunter St EPeterborough, ON K9H 7L6
369 Hunter St W
PeterboroughONK9H 2M5
369 Hunter St W
PeterboroughONK9H 2M5
close
View Me
$1,7001 to 2 Bedroom Apartments
Burnham Place
380 Burnham StPeterborough, ON K9H 1T6
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.
Showing Results 1-32, Page 1 of 1
Peterborough, ON Local Guide
How much does it cost to rent an apartment in Peterborough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Peterborough Studio Apartments | $1,406 | $1,399 | $1,414 |
| Cheap Peterborough 1 Bedroom Apartments | $1,783 | $1,600 | $2,190 |
| Cheap Peterborough 2 Bedroom Apartments | $1,946 | $1,671 | $2,500 |
| Cheap Peterborough 3 Bedroom Apartments | $2,377 | $1,875 | $3,790 |
| Cheap Peterborough 4 Bedroom Apartments | $2,625 | $2,550 | $2,700 |
Browse Top Apartments in Peterborough
See all Apartments in PeterboroughExplore Peterborough
Peterborough, ON Local Guide
- Nearby Cities
Cheapest Available Peterborough Apartments for Rent
The cheapest available apartment rental in Peterborough, ON is a Studio unit found at 836 Talwood Dr priced from $1,320. McDonnel Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,549. Here is today’s list of the most affordable Peterborough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 836 Talwood Dr | Studio | Studio,1BA | $1,320 |
| McDonnel Apartments | 1 Bedroom | 1BR,1BA | $1,549 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $1,600 |
| 1001 Talwood Drive | 1 Bedroom | 1BR,1BA | $1,614 |
| Parkhill | 1 Bedroom | 1BR,1BA | $1,650 |
| Time Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,670 |
| 1211 Goodfellow Road | 1 Bedroom | 1BR,1BA | $1,680 |
| 282 Romaine | 1 BEDROOM | 1BR,1BA | $1,799 |
| 288 Romaine | 1 BEDROOM | 1BR,1BA | $1,799 |
| 1189 Talwood Court | 1 Bedroom | 1BR,1BA | $1,830 |
Best Value Apartments for Rent in Peterborough, ON
As of June 19, 2026 the best value apartment in the Peterborough area is the $1.85 price per square foot 2 Bedroom Model at Kawartha Place in the starting from $1,850. The second greatest value Peterborough apartment is the 3 Beds, 2 Baths Model at 475 George Street North starting at $3,790 with a $3.99 price per square foot . Here is today’s list of the best values for Peterborough apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kawartha Place | 2 Bedroom | 2BR,1BA | $1.85 |
| 475 George Street North | 3 Beds, 2 Baths | 3BR,2BA | $3.99 |
| 1200 Talwood Court | 2 Bedroom | 2BR,1BA | $2.18 |
| Parkhill | 1 Bedroom | 1BR,1BA | $2.06 |
| 1001 Talwood Drive | 1 Bedroom | 1BR,1BA | $2.33 |
| 1189 Talwood Court | 1 Bedroom | 1BR,1BA | $2.64 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $2.53 |
| 1211 Goodfellow Road | 1 Bedroom | 1BR,1BA | $2.73 |
| Delta Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.21 |
| 836 Talwood Dr | Studio | Studio ,1BA | $2.49 |
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 Peterborough area?
If you’re an expert on all things Peterborough, 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 Peterborough, ON Rentals by Map
See the most popular apartments and homes in Peterborough, ON
Frequently Asked Questions about Cheap Peterborough Apartments
How much is rent for a Cheap One Bedroom Peterborough Apartment?
The lowest price for a Cheap One Bedroom Peterborough Apartment is $1,549 at McDonnel Apartments.
What is the lowest price for a Cheap Two Bedroom Peterborough Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peterborough is starting from $1,671 at 836 Talwood Dr.
What is the most affordable Peterborough Three Bedroom Apartment?
The best deal on a cheap Peterborough Three Bedroom Apartment rental is at Tarawood Place and starts from $1,875.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.