Cheap Homes for Rent in Peterborough, ON from C$500 (24 Rentals)

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

property at 64 Lynch St

64 Lynch St

PeterboroughONK9J 5A9
property at 805 Morphet Ave

805 Morphet Ave

PeterboroughONK9J 2X7
property at 186 Collison Ave

186 Collison Ave

PeterboroughONK9J 1A4
property at 612 Romaine St

612 Romaine St

PeterboroughONK9J 2E4

Peterborough, ON Local Guide

Cheapest Available Peterborough Apartments for Rent

 

The cheapest available apartment rental in Peterborough, ON is a Studio unit found at Kingswood I priced from C$1,399. Kingswood II has the second lowest priced unit, which is a Studio apartment currently listed from C$1,434. Here is today’s list of the most affordable Peterborough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kingswood IStudioStudio,1BAC$1,399
Kingswood IIStudioStudio,1BAC$1,434
836 Talwood Dr1 Bedroom1BR,1BAC$1,699
1211 Goodfellow1 Bedroom1BR,1BAC$1,699
Tarawood Place1 Bed 1 Bath A1BR,1BAC$1,750

Best Value Apartments for Rent in Peterborough, ON

As of April 04, 2025 the best value apartment in the Peterborough area is the C$5.59 price per square foot 3 Beds, 3 Baths Model at 475 George Street North in the starting from C$4,490. The second greatest value Peterborough apartment is the 1 Bedroom Model at Cambridge Court starting at C$1,873 with a C$2.70 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.
475 George Street North3 Beds, 3 Baths3BR,3BAC$5.59
Cambridge Court1 Bedroom1BR,1BAC$2.70
836 Talwood Dr1 Bedroom1BR,1BAC$2.56
Tarawood Place1 Bed 1 Bath A1BR,1BAC$2.76
1211 Goodfellow1 Bedroom1BR,1BAC$2.76
Kingswood I1 Bedroom1BR,1BAC$3.22
Kingswood IIStudioStudio ,1BAC$3.45
282 - 288 Romaine St.2 BEDROOM2BR,1BAC$1,999.00

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Frequently Asked Questions about Peterborough

What type of rentals are currently available in Peterborough?

There are currently 87 Apartments for Rent in Peterborough, ON with pricing that ranges from C$1,399 to C$4,500. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterborough ranging from C$550 to C$4,995.

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 C$550 to C$4,995 with an average monthly rent of C$2,343.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

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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.