
Cheap Homes for Rent in Peterborough, ON from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Peterborough.


805 Morphet Ave

1260 Pulpit Rd

186 Collison Ave

238 Spencleys Ln

1241 Huntington Cir
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

157 Milroy Dr

1103 Huntington Cir

581 Barnes Crescent

64 Lynch St

588 Howden St
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.

219 Stewart St

260 Lansdowne St W

1326 Hopewell Ave

265 Bethune St

310 Mason Ave

212 Brock St, Unit 106
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.

642 Bolivar St

164 Stewart St
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 | $1,880 | $650 | $3,000 |
| Peterborough 3 Bedroom Homes for Rent | $2,184 | $575 | $2,900 |
| Peterborough 4 Bedroom Homes for Rent | $3,036 | $650 | $3,795 |
| Peterborough 5 Bedroom Homes for Rent | $3,525 | $3,450 | $3,600 |
| Peterborough 6 Bedroom Homes for Rent | $3,700 | $3,100 | $4,000 |
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 $1,320. McDonnel Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,548. 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 | $1,320 |
| McDonnel Apartments | 1 Bedroom | 1BR,1BA | $1,548 |
| 1001 Talwood Drive | 1 Bedroom | 1BR,1BA | $1,614 |
| Time Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,640 |
| 288 Romaine | 1 BEDROOM | 1BR,1BA | $1,649 |
Best Value Apartments for Rent in Peterborough, ON
As of July 27, 2026 the best value apartment in the Peterborough area is the $1.90 price per square foot 2 Bedroom Model at Parkhill in the starting from $1,900. The second greatest value Peterborough apartment is the 435 George St N Model at 435 George St N, Unit 7 starting at $2,095 with a $2.10 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. |
|---|---|---|---|
| Parkhill | 2 Bedroom | 2BR,1BA | $1.90 |
| 435 George St N, Unit 7 | 435 George St N | 2BR,1BA | $2.10 |
| 1200 Talwood Court | 2 Bedroom | 2BR,1BA | $1.99 |
| 475 George Street North | 3 Beds, 2 Baths | 3BR,2BA | $3.99 |
| Tarawood Place | 2 Bed 1 Bath A | 2BR,1BA | $1.80 |
| 1211 Goodfellow Road | 2 Bedroom | 2BR,1BA | $2.25 |
| 1001 Talwood Drive | 1 Bedroom | 1BR,1BA | $2.45 |
| 1189 Talwood Court | 1 Bedroom | 1BR,1BA | $2.73 |
| Delta Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.21 |
| 836 Talwood Dr | Studio | Studio ,1BA | $2.49 |
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 ArticleReal 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.
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 92 Apartments for Rent in Peterborough, ON with pricing that ranges from $1,100 to $3,790. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterborough ranging from $575 to $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 $575 to $4,000 with an average monthly rent of $2,484.
How much are larger Three and Four Bedroom Rentals in Peterborough?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peterborough range from $2,149 to $3,790, while Three Bedroom Homes, Condos, and Townhomes for rent range from $575 to $2,900. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $2,400.
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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.