Cheap Homes for Rent in Peterborough, ON from C$600 (29 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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.

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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 Studio unit found at 836 Talwood Dr priced from C$1,647. Parkhill has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$1,650. Here is today’s list of the most affordable Peterborough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
836 Talwood DrStudioStudio,1BAC$1,647
Parkhill1 Bedroom1BR,1BAC$1,650
Tarawood Place1 Bed 1 Bath A1BR,1BAC$1,699
Kingswood I1 Bedroom1BR,1BAC$1,727
Kingswood II1 Bedroom1BR,1BAC$1,729
282 Romaine St1 BEDROOM1BR,1BAC$1,799
282 - 288 Romaine St.1 BEDROOM1BR,1BAC$1,799
Cambridge Court1 Bedroom1BR,1BAC$1,868
1211 Goodfellow2 Bedroom2BR,1BAC$1,992
475 George Street North1 Beds, 1 Baths1BR,1BAC$2,180

Best Value Apartments for Rent in Peterborough, ON

As of June 21, 2025 the best value apartment in the Peterborough area is the C$2.45 price per square foot 2 Bedroom Model at 1211 Goodfellow in the starting from C$1,992. 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.
1211 Goodfellow2 Bedroom2BR,1BAC$2.45
Parkhill1 Bedroom1BR,1BAC$2.06
Kingswood I1 Bedroom1BR,1BAC$2.49
Kingswood II1 Bedroom1BR,1BAC$2.49
Cambridge Court1 Bedroom1BR,1BAC$2.83
Tarawood Place1 Bed 1 Bath A1BR,1BAC$2.68
475 George Street North1 Beds, 1 Baths1BR,1BAC$3.81
836 Talwood DrStudioStudio ,1BAC$3.10
282 - 288 Romaine St.2 BEDROOM2BR,1BAC$2,049.00
282 Romaine St1 BEDROOM1BR,1BAC$1,799.00

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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Frequently Asked Questions about Peterborough

What type of rentals are currently available in Peterborough?

There are currently 93 Apartments for Rent in Peterborough, ON with pricing that ranges from C$1,500 to C$4,500. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterborough ranging from C$600 to C$4,000.

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 C$600 to C$4,000 with an average monthly rent of C$2,086.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.