250 Mcdonnel St
PeterboroughONK9H 2W3
Cheap Apartments for Rent in Peterborough, ON from $700 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterborough.
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$1,320 - $1,800Studio to 2 Bedroom Apartments Available Now
836 Talwood Dr
836 Talwood DrPeterborough, ON K9J 7G8
1556 Redwood Dr
PeterboroughONK9K 1B4
805 Morphet Ave
PeterboroughONK9J 2X7
1260 Pulpit Rd
PeterboroughONK9K 1H5
238 Spencleys Ln
PeterboroughONK9H 1R9
1241 Huntington Cir
PeterboroughONK9K 2B4
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.
203-203 Rubidge St
PeterboroughONK9J 3N9
260 Lansdowne St W
PeterboroughONK9J 1Y8
186 Collison Ave
PeterboroughONK9J 1A4
1103 Huntington Cir
PeterboroughONK9K 2B1
581 Barnes Crescent
PeterboroughONK9J 7Z2
64 Lynch St
PeterboroughONK9J 5A9
219 Stewart St
PeterboroughONK9J 3M6
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.
588 Howden St
PeterboroughONK9J 4B5
1326 Hopewell Ave
PeterboroughONK9H 6T3
812 Schneider Pl
PeterboroughONK9H 5S5
688 Aylmer St N
PeterboroughONK9H 3X6
812 Schneider Pl
PeterboroughONK9H 5S5
688 Aylmer St N
PeterboroughONK9H 3X6
38 Lafayette Av
PeterboroughONK9J 5C2
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.
265 Bethune St
PeterboroughONK9J 3L5
310 Mason Ave
PeterboroughONK9H 4W5
212 Brock St, Unit 106
212 Brock St
PeterboroughONK9H 2P5
212 Brock St, Unit 106
212 Brock St
PeterboroughONK9H 2P5
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$1,349 - $1,848Studio to 2 Bedroom Apartments
McDonnel Apartments
294 Mcdonnel StPeterborough, ON K9H 2W8
642 Bolivar St
PeterboroughONK9J 4S2
164 Stewart St
PeterboroughONK9J 3M5
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.
Showing Results 1-28, 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 | $1,414 | $1,414 | $1,414 |
| Cheap Peterborough 1 Bedroom Apartments | $1,760 | $1,414 | $2,190 |
| Cheap Peterborough 2 Bedroom Apartments | $1,953 | $1,671 | $2,500 |
| Cheap Peterborough 3 Bedroom Apartments | $2,297 | $725 | $3,790 |
| Cheap Peterborough 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Studio unit found at McDonnel Apartments priced from $1,349. 1001 Talwood Drive has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,614. 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 | $1,349 |
| 1001 Talwood Drive | 1 Bedroom | 1BR,1BA | $1,614 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $1,625 |
| Time Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,640 |
| 288 Romaine | 1 BEDROOM | 1BR,1BA | $1,649 |
| Parkhill | 1 Bedroom | 1BR,1BA | $1,650 |
| 836 Talwood Dr | 2 Bedroom | 2BR,1BA | $1,671 |
| 282 Romaine | 1 BEDROOM | 1BR,1BA | $1,749 |
| 1189 Talwood Court | 1 Bedroom | 1BR,1BA | $1,799 |
| 1211 Goodfellow Road | 2 Bedroom | 2BR,1BA | $1,827 |
Best Value Apartments for Rent in Peterborough, ON
As of August 04, 2026 the best value apartment in the Peterborough area is the $3.99 price per square foot 3 Beds, 2 Baths Model at 475 George Street North in the starting from $3,790. The second greatest value Peterborough apartment is the 2 Bedroom Model at 836 Talwood Dr starting at $1,671 with a $1.88 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. |
|---|---|---|---|
| 475 George Street North | 3 Beds, 2 Baths | 3BR,2BA | $3.99 |
| 836 Talwood Dr | 2 Bedroom | 2BR,1BA | $1.88 |
| 1211 Goodfellow Road | 2 Bedroom | 2BR,1BA | $2.25 |
| Parkhill | 1 Bedroom | 1BR,1BA | $2.06 |
| 1189 Talwood Court | 1 Bedroom | 1BR,1BA | $2.59 |
| 1001 Talwood Drive | 1 Bedroom | 1BR,1BA | $2.45 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $2.57 |
| Delta Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.21 |
| Time Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $4.69 |
| 282 Romaine | 1 BEDROOM | 1BR,1BA | $1,749.00 |
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.
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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.
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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 $1,548 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 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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.