
Cheap Homes for Rent in Peterborough, ON from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Peterborough.


238 Spencleys Ln

1103 Huntington Cir

186 Collison Ave

1219 Cartier Blvd

203 Rubidge St
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.

926 Dainard Dr

1537 Ravenwood Dr

1241 Huntington Cir

64 Lynch St

265 Sherbrooke St

2148 Springwood Rd
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.

588 Howden St

1260 Pulpit Rd

805 Morphet Ave

260 Lansdowne St W

1318 Amundsen Ave

581 Paterson St
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.
Peterborough, ON Local Guide

How much does it cost to rent a home in Peterborough?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterborough 2 Bedroom Homes for Rent | $1,802 | $550 | $2,250 |
| Peterborough 3 Bedroom Homes for Rent | $2,312 | $1,700 | $2,895 |
| Peterborough 4 Bedroom Homes for Rent | $2,768 | $700 | $4,000 |
| Peterborough 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
| Peterborough 7 Bedroom Homes for Rent | $825 | $825 | $825 |
Browse Top Homes for Rent 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 Cambridge Court priced from $1,473. 836 Talwood Dr has the second lowest priced unit, which is a Studio apartment currently listed from $1,499. Here is today’s list of the most affordable Peterborough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cambridge Court | Studio | Studio,1BA | $1,473 |
| 836 Talwood Dr | Studio | Studio,1BA | $1,499 |
| Time Square | 1 Beds, 1 Baths | 1BR,1BA | $1,580 |
| 1211 Goodfellow | 1 Bedroom | 1BR,1BA | $1,605 |
| Kingswood I | 1 Bedroom | 1BR,1BA | $1,649 |
Best Value Apartments for Rent in Peterborough, ON
As of October 26, 2025 the best value apartment in the Peterborough area is the $1.90 price per square foot 2 Bedroom Model at Kawartha Place in the starting from $1,900. 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. |
|---|---|---|---|
| Kawartha Place | 2 Bedroom | 2BR,1BA | $1.90 |
| 475 George Street North | 3 Beds, 2 Baths | 3BR,2BA | $3.99 |
| Parkhill | 1 Bedroom | 1BR,1BA | $2.06 |
| Delta Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.89 |
| Kingswood I | 1 Bedroom | 1BR,1BA | $2.38 |
| Kingswood II | 1 Bedroom | 1BR,1BA | $2.57 |
| Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | $2.61 |
| 1211 Goodfellow | 1 Bedroom | 1BR,1BA | $2.58 |
| 836 Talwood Dr | Studio | Studio ,1BA | $2.65 |
| Cambridge Court | Studio | Studio ,1BA | $3.01 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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?
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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 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 $1,300 to $4,500. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterborough ranging from $550 to $4,500.
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 $550 to $4,500 with an average monthly rent of $2,185.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.