
Cheap Apartments for Rent in Peterborough, ON from C$1,300 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterborough.


Parkhill

Tarawood Place

282 - 288 Romaine St.

1269 Clonsilla Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Peterborough, ON Local Guide
How much does it cost to rent an apartment in Peterborough?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Peterborough 1 Bedroom Apartments | C$1,874 | C$1,549 | C$2,190 |
Cheap Peterborough 2 Bedroom Apartments | C$1,995 | C$1,799 | C$2,500 |
Cheap Peterborough 3 Bedroom Apartments | C$2,381 | C$2,250 | C$2,550 |
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Peterborough, ON Local Guide
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Cheapest Available Peterborough Apartments for Rent
 The cheapest available apartment rental in Peterborough, ON is a Studio unit found at Kingswood II priced from C$1,399. Kingswood I has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$1,549. Here is today’s list of the most affordable Peterborough apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Kingswood II | Studio | Studio,1BA | C$1,399 |
Kingswood I | 1 Bedroom | 1BR,1BA | C$1,549 |
Parkhill | 1 Bedroom | 1BR,1BA | C$1,595 |
Best Value Apartments for Rent in Peterborough, ON
As of May 01, 2025 the best value apartment in the Peterborough area is the C$2.19 price per square foot 1 Bedroom Model at Kawartha Place in the starting from C$1,750. The second greatest value Peterborough apartment is the 1 Bedroom Model at Parkhill starting at C$1,595 with a C$1.99 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 | 1 Bedroom | 1BR,1BA | C$2.19 |
Parkhill | 1 Bedroom | 1BR,1BA | C$1.99 |
Kingswood I | 1 Bedroom | 1BR,1BA | C$2.23 |
Cambridge Court | 1 Bedroom | 1BR,1BA | C$2.70 |
Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | C$2.68 |
1211 Goodfellow | 1 Bedroom | 1BR,1BA | C$2.76 |
475 George Street North | 1 Beds, 1 Baths | 1BR,1BA | C$3.81 |
836 Talwood Dr | Studio | Studio ,1BA | C$3.10 |
Kingswood II | Studio | Studio ,1BA | C$3.36 |
282 - 288 Romaine St. | 2 BEDROOM | 2BR,1BA | C$2,049.00 |
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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 C$1,549 at Kingswood I.
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 C$1,700 at Parkhill.
What is the most affordable Peterborough Three Bedroom Apartment?
The best deal on a cheap Peterborough Three Bedroom Apartment rental is at Kingswood I and starts from C$2,251.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.