Cheap Homes for Rent in Peterborough, ON from $500 (29 Rentals)

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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.

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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.

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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.

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property at 492 King George St

$1,750 - $2,200

2 To 3 Bedroom Rentals

Available Now

492 King George St

PeterboroughONK9J 1S1

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.

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property at 736 Stormont St

$1,800 - $2,450

2 To 4 Bedroom Rentals

Available Now

736 Stormont St

PeterboroughONK9H 6B2
Showing Results 1-29, Page 1 of 1

Peterborough, ON Local Guide

Cheapest Available Peterborough Apartments for Rent

 

The cheapest available apartment rental in Peterborough, ON is a 1 Bed unit found at 836 Talwood Dr priced from $1,543. Tarawood Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,600. Here is today’s list of the most affordable Peterborough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
836 Talwood Dr1 Bedroom1BR,1BA$1,543
Tarawood Place1 Bed 1 Bath A1BR,1BA$1,600
1211 Goodfellow Road1 Bedroom1BR,1BA$1,630
Parkhill1 Bedroom1BR,1BA$1,650
Time Square Apartments1 Beds, 1 Baths1BR,1BA$1,670
1001 Talwood Drive1 Bedroom1BR,1BA$1,720
1189 Talwood Court1 Bedroom1BR,1BA$1,799
Kawartha Place2 Bedroom2BR,1BA$1,850
Delta Apartments1 Beds, 1 Baths1BR,1BA$1,875
1200 Talwood Court2 Bedroom2BR,1BA$1,899

Best Value Apartments for Rent in Peterborough, ON

As of April 27, 2026 the best value apartment in the Peterborough area is the $1.95 price per square foot 3 Bedroom Model at 1200 Talwood Court in the starting from $2,199. The second greatest value Peterborough apartment is the 2 Bedroom Model at Kawartha Place starting at $1,850 with a $1.85 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.
1200 Talwood Court3 Bedroom3BR,1.5BA$1.95
Kawartha Place2 Bedroom2BR,1BA$1.85
475 George Street North3 Beds, 2 Baths3BR,2BA$3.99
Parkhill1 Bedroom1BR,1BA$2.06
1189 Talwood Court1 Bedroom1BR,1BA$2.59
1001 Talwood Drive1 Bedroom1BR,1BA$2.48
836 Talwood Dr1 Bedroom1BR,1BA$2.33
Tarawood Place1 Bed 1 Bath A1BR,1BA$2.53
1211 Goodfellow Road1 Bedroom1BR,1BA$2.62
Delta Apartments1 Beds, 1 Baths1BR,1BA$3.13

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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.

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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.

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

Explore Peterborough, ON Rentals by Map

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See the most popular apartments and homes in Peterborough, ON

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Frequently Asked Questions about Peterborough

What type of rentals are currently available in Peterborough?

There are currently 92 Apartments for Rent in Peterborough, ON with pricing that ranges from $1,398 to $3,790. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterborough ranging from $575 to $3,495.

What is the current price range for Rental Homes in Peterborough?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Peterborough ranges from $575 to $3,495 with an average monthly rent of $1,541.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.