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$1,249 - $1,748Studio to 2 Bedroom Apartments Available Now
McDonnel Apartments
294 Mcdonnel StPeterborough, ON K9H 2W8
Cheap Apartments for Rent in Peterborough, ON from $1,249 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterborough.
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$1,549 - $2,2431 to 3 Bedroom Apartments Available Now
1200 Talwood Court
1200 Talwood DrPeterborough, ON K9J 7X3
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$1,599 - $2,2671 to 3 Bedroom Apartments Available Now
1211 Goodfellow Road
1211 Goodfellow RdPeterborough, ON K9J 5X4
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$1,650 - $2,0501 to 2 Bedroom Apartments Available Now
Parkhill
701 Parkhill Road WestPeterborough, ON K9J 6N8
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$1,664 - $2,3361 to 3 Bedroom Apartments Available Now
1001 Talwood Drive
1001 Talwood DrPeterborough, ON K9J 7T3
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$1,671 - $1,8002 Bedroom Apartments Available Now
836 Talwood Dr
836 Talwood DrPeterborough, ON K9J 7G8
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$1,700 - $1,9751 to 3 Bedroom Apartments Available Now
Tarawood Place
2199 Walker AvePeterborough, ON K9L 1T8
1556 Redwood Dr
PeterboroughONK9K 1B4
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
805 Morphet Ave
PeterboroughONK9J 2X7
1260 Pulpit Rd
PeterboroughONK9K 1H5
238 Spencleys Ln
PeterboroughONK9H 1R9
203-203 Rubidge St
PeterboroughONK9J 3N9
260 Lansdowne St W
PeterboroughONK9J 1Y8
1219 Cartier Blvd
PeterboroughONK9H 6S2
64 Lynch St
PeterboroughONK9J 5A9
1103 Huntington Cir
PeterboroughONK9K 2B1
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
219 Stewart St
PeterboroughONK9J 3M6
688 Aylmer St N
PeterboroughONK9H 3X6
688 Aylmer St N
PeterboroughONK9H 3X6
812 Schneider Pl
PeterboroughONK9H 5S5
812 Schneider Pl
PeterboroughONK9H 5S5
212 Brock St, Unit 106
212 Brock St
PeterboroughONK9H 2P5
310 Mason Ave
PeterboroughONK9H 4W5
212 Brock St, Unit 106
212 Brock St
PeterboroughONK9H 2P5
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,555 - $2,220Studio to 2 Bedroom Apartments
Delta Apartments
909 Clonsilla AvePeterborough, ON K9J 8B2
646 Park St N
PeterboroughONK9H 4S3
450 Weller St
PeterboroughONK9H 2N6
450 Weller St
PeterboroughONK9H 2N6
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$1,600 - $1,7002 Bedroom Apartments
826 Fairbairn St
826 Fairbairn StPeterborough, ON K9H 6C1
164 Stewart St
PeterboroughONK9J 3M5
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$1,620 - $2,380Studio to 3 Bedroom Apartments
Time Square Apartments
201-211 Hunter St EPeterborough, ON K9H 7L6
209 Stewart St
PeterboroughONK9J 3M6
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.
209 Stewart St
PeterboroughONK9J 3M6
104 Aylmer St N, Unit Lower
104 Aylmer St N
PeterboroughONK9J 3J5
104 Aylmer St N, Unit Lower
104 Aylmer St N
PeterboroughONK9J 3J5
106 Lansdowne St W
PeterboroughONK9J 2A8
106 Lansdowne St W
PeterboroughONK9J 2A8
693 Hawley St
PeterboroughONK9J 4C7
693 Hawley St
PeterboroughONK9J 4C7
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$1,7001 to 2 Bedroom Apartments
Burnham Place
380 Burnham StPeterborough, ON K9H 1T6
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.
Showing Results 1-40, 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 | $1,249 | $1,249 | $1,249 |
| Cheap Peterborough 1 Bedroom Apartments | $1,772 | $1,448 | $2,190 |
| Cheap Peterborough 2 Bedroom Apartments | $1,965 | $1,680 | $2,500 |
| Cheap Peterborough 3 Bedroom Apartments | $2,396 | $2,187 | $3,790 |
| Cheap Peterborough 4 Bedroom Apartments | $2,250 | $2,250 | $2,250 |
Browse Top Apartments in Peterborough
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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 McDonnel Apartments priced from $1,249. 826 Fairbairn St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,600. Here is today’s list of the most affordable Peterborough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McDonnel Apartments | Bachelor | Studio, 1BA | $1,249 |
| 826 Fairbairn St | 2nd Floor | 2BR, 1BA | $1,600 |
| Time Square Apartments | 1 Bedroom, 1 Bathroom | 1BR, 1BA | $1,620 |
| Parkhill | 1 Bedroom | 1BR, 1BA | $1,650 |
| 1001 Talwood Drive | 1 Bedroom | 1BR, 1BA | $1,664 |
| 836 Talwood Dr | 2 Bedroom | 2BR, 1BA | $1,671 |
| Tarawood Place | 2 Bed 1 Bath A | 2BR, 1BA | $1,700 |
| 791 Sherbrooke St | 2 Beds, 1 bath | 2BR, 1BA | $1,800 |
| 1211 Goodfellow Road | 2 Bedroom | 2BR, 1BA | $1,824 |
| Delta Apartments | 1 Bedroom | 1BR, 1BA | $1,915 |
Best Value Apartments for Rent in Peterborough, ON
As of September 19, 2026 the best value apartment in the Peterborough area is the $2.19 price per square foot 3 Bedroom Model at 1189 Talwood Court starting from $2,510. 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. |
|---|---|---|---|
| 1189 Talwood Court | 3 Bedroom | 3BR, 1.5BA | $2.19 |
| 475 George Street North | 3 Beds, 2 Baths | 3BR, 2BA | $3.99 |
| 1200 Talwood Court | 2 Bedroom | 2BR, 1BA | $2.20 |
| 836 Talwood Dr | 2 Bedroom | 2BR, 1BA | $1.88 |
| 1211 Goodfellow Road | 2 Bedroom | 2BR, 1BA | $2.24 |
| Parkhill | 1 Bedroom | 1BR, 1BA | $2.06 |
| 1001 Talwood Drive | 1 Bedroom | 1BR, 1BA | $2.52 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR, 1BA | $2.73 |
| Delta Apartments | 1 Bedroom | 1BR, 1BA | $3.20 |
| McDonnel Apartments | Bachelor | Studio, 1BA | $3.39 |
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
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.
Read ArticleReal 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.
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Quick Rent Budget Calculator
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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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $1,448 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 $1,600 at 826 Fairbairn St.
What is the most affordable Peterborough Three Bedroom Apartment?
The best deal on a cheap Peterborough Three Bedroom Apartment rental is at 1211 Goodfellow Road and starts from $2,187.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.