Cheap Homes for Rent in Peterborough, ON from $500 (20 Rentals)

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

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.

property at 157 Milroy Dr

$675

1 Bedroom Rentals

Available Now

157 Milroy Dr

PeterboroughONK9H 7N7
property at 64 Lynch St

$700

1 Bedroom Rentals

Available Now

64 Lynch St

PeterboroughONK9J 5A9
property at 588 Howden St

$750

1 Bedroom Rentals

Available Now

588 Howden St

PeterboroughONK9J 4B5

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.

property at 219 Stewart St

$750

3 Bedroom Rentals

Available Now

219 Stewart St

PeterboroughONK9J 3M6
property at 1326 Hopewell Ave

$700 - $825

1 To 2 Bedroom Rentals

Available Now

1326 Hopewell Ave

PeterboroughONK9H 6T3

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.

property at 642 Bolivar St

$1,500

1 Bedroom Rentals

Available Now

642 Bolivar St

PeterboroughONK9J 4S2
property at 164 Stewart St

$1,600 - $2,300

1 To 4 Bedroom Rentals

Available Now

164 Stewart St

PeterboroughONK9J 3M5

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 $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 ListingModel NameBed/BathPriced From
836 Talwood DrStudioStudio,1BA$1,320
McDonnel Apartments1 Bedroom1BR,1BA$1,548
1001 Talwood Drive1 Bedroom1BR,1BA$1,614
Time Square Apartments1 Beds, 1 Baths1BR,1BA$1,640
288 Romaine1 BEDROOM1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Parkhill2 Bedroom2BR,1BA$1.90
435 George St N, Unit 7435 George St N2BR,1BA$2.10
1200 Talwood Court2 Bedroom2BR,1BA$1.99
475 George Street North3 Beds, 2 Baths3BR,2BA$3.99
Tarawood Place2 Bed 1 Bath A2BR,1BA$1.80
1211 Goodfellow Road2 Bedroom2BR,1BA$2.25
1001 Talwood Drive1 Bedroom1BR,1BA$2.45
1189 Talwood Court1 Bedroom1BR,1BA$2.73
Delta Apartments1 Beds, 1 Baths1BR,1BA$3.21
836 Talwood DrStudioStudio ,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.

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Real 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.

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

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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 $1,100 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

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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.

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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.

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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.

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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.