Cheap Apartments for Rent in Peterborough, ON from C$1,400 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Peterborough.

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.

Read Article

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.

Read Article
close
View Me
Cambridge Court
Studio to 3 Bedroom Apartments

Cambridge Court

1189 Talwood DrPeterborough, ON K9J 7X4
Senior Living
  • Utilities Included

The 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 Article
close
View Me
Time Square
Studio to 3 Bedroom Apartments

Time Square

201-211 Hunter St EPeterborough, ON K9H 7L6
close
View Me
Delta Apartments
Studio to 2 Bedroom Apartments

Delta Apartments

909 Clonsilla AvePeterborough, ON K9J 8B2
close
View Me
Burnham Place
1 to 2 Bedroom Apartments

Burnham Place

380 Burnham StPeterborough, ON K9H 1T6
  • Utilities Included
close
View Me
Kawartha Place
1 to 3 Bedroom Apartments

Kawartha Place

899 Clonsilla AvPeterborough, ON K9J 7G9
  • Utilities Included

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.

Read Article
Showing Results 1-38, Page 1 of 1

Peterborough, ON Local Guide

Cheapest Available Peterborough Apartments for Rent

 

The cheapest available apartment rental in Peterborough, ON is a Studio unit found at Cambridge Court priced from C$1,453. 836 Talwood Dr has the second lowest priced unit, which is a Studio apartment currently listed from C$1,499. Here is today’s list of the most affordable Peterborough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cambridge CourtStudioStudio,1BAC$1,453
836 Talwood DrStudioStudio,1BAC$1,499
Time Square1 Beds, 1 Baths1BR,1BAC$1,580
Tarawood Place1 Bed 1 Bath A1BR,1BAC$1,599
1211 Goodfellow1 Bedroom1BR,1BAC$1,649
Parkhill1 Bedroom1BR,1BAC$1,650
Delta Apartments1 Beds, 1 Baths1BR,1BAC$1,675
Kingswood I1 Bedroom1BR,1BAC$1,699
Kingswood II1 Bedroom1BR,1BAC$1,749
282 Romaine St2 BEDROOM2BR,1BAC$1,999

Best Value Apartments for Rent in Peterborough, ON

As of September 17, 2025 the best value apartment in the Peterborough area is the C$3.99 price per square foot 3 Beds, 2 Baths Model at 475 George Street North in the starting from C$3,790. The second greatest value Peterborough apartment is the 1 Bedroom Model at Parkhill starting at C$1,650 with a C$2.06 price per square foot . Here is today’s list of the best values for Peterborough apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
475 George Street North3 Beds, 2 Baths3BR,2BAC$3.99
Parkhill1 Bedroom1BR,1BAC$2.06
Delta Apartments2 Beds, 1 Baths2BR,1BAC$2.82
Kingswood I1 Bedroom1BR,1BAC$2.45
Kingswood II1 Bedroom1BR,1BAC$2.65
Tarawood Place1 Bed 1 Bath A1BR,1BAC$2.53
1211 Goodfellow1 Bedroom1BR,1BAC$2.65
836 Talwood DrStudioStudio ,1BAC$2.65
Cambridge CourtStudioStudio ,1BAC$2.97
Time Square1 Beds, 1 Baths1BR,1BAC$4.51

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Peterborough, ON Rentals by Map

Decorative image of map

See the most popular apartments and homes in Peterborough, ON

View Map
Peterborough, ON Apartments Map
View Map
Peterborough, ON Rental Homes Map

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$1,580 at Time Square.

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$1,799 at 1211 Goodfellow.

What is the most affordable Peterborough Three Bedroom Apartment?

The best deal on a cheap Peterborough Three Bedroom Apartment rental is at 1211 Goodfellow and starts from C$2,199.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.