
Cheap Apartments for Rent in Peterborough, ON from $1,300 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterborough.


Parkhill

836 Talwood Dr

1211 Goodfellow

Kingswood I

Tarawood Place

Kingswood II

Cambridge Court
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.

41 Beechwood Dr

948 Broadway Blvd

238 Spencleys Ln

805 Morphet Ave

1241 Huntington Cir

926 Dainard Dr

588 Howden St

260 Lansdowne St W
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.

203 Rubidge St

1260 Pulpit Rd

581 Barnes Crescent

265 Sherbrooke St

1318 Amundsen Ave

612 Romaine St

47 Lafayette Ave

1437 Westbrook Dr
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.

581 Paterson St

265 Bethune St

110 Chandler Cres

81 Parkway 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.
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 | $1,773 | $1,300 | $2,190 |
| Cheap Peterborough 2 Bedroom Apartments | $2,019 | $1,675 | $2,500 |
| Cheap Peterborough 3 Bedroom Apartments | $2,447 | $2,149 | $3,790 |
| Cheap Peterborough 4 Bedroom Apartments | $3,500 | $3,500 | $3,500 |
Browse Top Apartments in Peterborough
See all Apartments in PeterboroughExplore Peterborough
Peterborough, ON Local Guide
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Cheapest Available Peterborough Apartments for Rent
 The cheapest available apartment rental in Peterborough, ON is a 1 Bed unit found at Parkhill priced from $1,350. 836 Talwood Dr 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 |
|---|---|---|---|
| Parkhill | 1 Bedroom | 1BR,1BA | $1,350 |
| 836 Talwood Dr | 1 Bedroom | 1BR,1BA | $1,549 |
| Time Square | 1 Beds, 1 Baths | 1BR,1BA | $1,565 |
| 1211 Goodfellow | 1 Bedroom | 1BR,1BA | $1,579 |
| Kingswood I | 1 Bedroom | 1BR,1BA | $1,599 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $1,600 |
| Kingswood II | 1 Bedroom | 1BR,1BA | $1,697 |
| Burnham Place | Two Bedroom | 2BR,1BA | $1,700 |
| Cambridge Court | 1 Bedroom | 1BR,1BA | $1,799 |
| Maplewood Court | 2 bedrooms | 2BR,1BA | $1,999 |
Best Value Apartments for Rent in Peterborough, ON
As of December 19, 2025 the best value apartment in the Peterborough area is the $2.20 price per square foot 3 Bedroom Model at 836 Talwood Dr in the starting from $2,373. The second greatest value Peterborough apartment is the Two Bedroom Model at Burnham Place starting at $1,700 with a $1.70 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. |
|---|---|---|---|
| 836 Talwood Dr | 3 Bedroom | 3BR,1BA | $2.20 |
| Burnham Place | Two Bedroom | 2BR,1BA | $1.70 |
| 475 George Street North | 3 Beds, 2 Baths | 3BR,2BA | $3.99 |
| Parkhill | 1 Bedroom | 1BR,1BA | $1.69 |
| Delta Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.93 |
| Cambridge Court | 1 Bedroom | 1BR,1BA | $2.59 |
| Kingswood I | 1 Bedroom | 1BR,1BA | $2.30 |
| Kingswood II | 1 Bedroom | 1BR,1BA | $2.45 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $2.53 |
| 1211 Goodfellow | 1 Bedroom | 1BR,1BA | $2.53 |
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 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 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 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 $1,350 at Parkhill.
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 $1,675 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 $2,149.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.



