
Cheap Homes for Rent in Peterborough, ON from $400 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Peterborough.


2148 Springwood Rd

805 Morphet Ave

1556 Redwood Dr

641 Fortye Dr
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.

260 Lansdowne St W

203 Rubidge St

1241 Huntington Cir

926 Dainard Dr

1260 Pulpit 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.

581 Barnes Crescent

265 Sherbrooke St

612 Romaine St

1437 Westbrook Dr

310 Mason Ave
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.
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 | $2,063 | $1,700 | $3,100 |
| Peterborough 3 Bedroom Homes for Rent | $1,750 | $400 | $2,850 |
| Peterborough 4 Bedroom Homes for Rent | $2,778 | $2,300 | $3,495 |
| Peterborough 5 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
| Peterborough 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
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 836 Talwood Dr priced from $1,499. Cambridge Court has the second lowest priced unit, which is a Studio apartment currently listed from $1,527. Here is today’s list of the most affordable Peterborough apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 836 Talwood Dr | Studio | Studio,1BA | $1,499 |
| Cambridge Court | Studio | Studio,1BA | $1,527 |
| 1211 Goodfellow | 1 Bedroom | 1BR,1BA | $1,579 |
| Time Square | 1 Beds, 1 Baths | 1BR,1BA | $1,580 |
| Kingswood I | 1 Bedroom | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in Peterborough, ON
As of January 26, 2026 the best value apartment in the Peterborough area is the $2.16 price per square foot 3 Bed 1 Bath A Model at Tarawood Place in the starting from $2,225. The second greatest value Peterborough apartment is the 2 Bedroom Model at Kawartha Place starting at $1,600 with a $1.60 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. |
|---|---|---|---|
| Tarawood Place | 3 Bed 1 Bath A | 3BR,1BA | $2.16 |
| Kawartha Place | 2 Bedroom | 2BR,1BA | $1.60 |
| Parkhill | 2 Bedroom | 2BR,1BA | $1.60 |
| Burnham Place | Two Bedroom | 2BR,1BA | $1.70 |
| Delta Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.98 |
| Kingswood I | 1 Bedroom | 1BR,1BA | $2.30 |
| Kingswood II | 1 Bedroom | 1BR,1BA | $2.45 |
| 1211 Goodfellow | 1 Bedroom | 1BR,1BA | $2.53 |
| 836 Talwood Dr | Studio | Studio ,1BA | $2.65 |
| Cambridge Court | Studio | Studio ,1BA | $3.12 |
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 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 ArticleCash 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.
Read ArticleQuick 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.
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 91 Apartments for Rent in Peterborough, ON with pricing that ranges from $1,499 to $3,790. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterborough ranging from $400 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 $400 to $4,500 with an average monthly rent of $2,607.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.