
Cheap Apartments for Rent in Peterborough, ON from C$1,300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterborough.


317 Park St N

Parkhill

Kawartha Place

Tarawood Place

668 Frank St

1269 Clonsilla Ave
Peterborough, ON Local Guide
How much does it cost to rent an apartment in Peterborough?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Peterborough Studio Apartments | C$1,399 | C$1,399 | C$1,399 |
Cheap Peterborough 1 Bedroom Apartments | C$1,816 | C$1,620 | C$2,050 |
Cheap Peterborough 2 Bedroom Apartments | C$2,013 | C$1,799 | C$2,600 |
Cheap Peterborough 3 Bedroom Apartments | C$2,697 | C$2,200 | C$4,490 |
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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 Kingswood I in the Northeast Ontario neighborhood priced from C$1,399. Kingswood II in the Northeast Ontario neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$1,449. Here is today’s list of the most affordable Peterborough apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Kingswood I | Studio | Studio,1BA | C$1,399 |
Kingswood II | Studio | Studio,1BA | C$1,449 |
Parkhill | 1 Bedroom | 1BR,1BA | C$1,650 |
836 Talwood Dr | 1 Bedroom | 1BR,1BA | C$1,712 |
Kawartha Place | 1 Bedroom | 1BR,1BA | C$1,750 |
Best Value Apartments for Rent in Peterborough, ON
As of March 22, 2025 the best value apartment in the Peterborough area is the C$2.38 price per square foot 2 Bedroom Model at 1211 Goodfellow in the in the Northeast Ontario neighborhood starting from C$1,917. The second greatest value Peterborough apartment is the 3 Beds, 3 Baths Model at 475 George Street North starting at C$4,490 with a C$5.59 price per square foot in the Northeast Ontario neighborhood. 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. |
---|---|---|---|
1211 Goodfellow | 2 Bedroom | 2BR,1BA | C$2.38 |
475 George Street North | 3 Beds, 3 Baths | 3BR,3BA | C$5.59 |
Kawartha Place | 1 Bedroom | 1BR,1BA | C$2.19 |
Parkhill | 1 Bedroom | 1BR,1BA | C$2.06 |
Cambridge Court | 1 Bedroom | 1BR,1BA | C$2.71 |
836 Talwood Dr | 1 Bedroom | 1BR,1BA | C$2.58 |
Tarawood Place | 1 Bed 1 Bath A | 1BR,1BA | C$2.80 |
Kingswood I | Studio | Studio ,1BA | C$2.98 |
Kingswood II | Studio | Studio ,1BA | C$3.48 |
282 - 288 Romaine St. | 2 BEDROOM | 2BR,1BA | C$1,999.00 |
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Frequently Asked Questions about Cheap Peterborough Apartments
What is the Cheapest Studio apartment in Peterborough?
Currently the most affordable Cheap Studio Apartment in Peterborough is at Kingswood I listed at C$1,399.
How much is rent for a Cheap One Bedroom Peterborough Apartment?
The lowest price for a Cheap One Bedroom Peterborough Apartment is C$1,650 at Parkhill.
What is the lowest price for a Cheap Two Bedroom Peterborough Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peterborough is starting from C$1,900 at Parkhill.
What is the most affordable Peterborough Three Bedroom Apartment?
The best deal on a cheap Peterborough Three Bedroom Apartment rental is at Kingswood I and starts from C$2,241.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.