How much is the average rent in Peterborough, ON for 1-bedroom and 2-bedroom apartments?

Peterborough's 2025 rental market shows one-bedroom apartments averaging around $990 per month, while two-bedroom units average around $2,000 monthly. These figures reflect the current market conditions across the city's diverse neighborhoods.

When is the best time to look for an apartment in Peterborough, ON?

December offers the lowest rent levels in Peterborough, with prices approximately 7% lower than October's peak rates. April and July present the most competitive rental conditions with higher demand relative to available inventory, while October shows the least competitive market conditions.

What are the best neighborhoods to rent an apartment in Peterborough, ON?

Greenhill leads Peterborough's rental market with the highest consumer interest at 1.4 times above average, offering one-bedroom apartments at around $1,850 monthly. South Central also draws strong interest at 1.1 times the market average with similar pricing, while Westmount and North Central provide excellent transit connectivity and walkable community spaces.

What areas of Peterborough, ON are best for budget-conscious renters?

South Central offers excellent value at around $725 per month, which is 56% below the city median, while maintaining access to environmental sustainability features and community programs. Kawartha provides even lower costs at around $700 monthly, representing 57% below median pricing for budget-focused renters.

Are there pet-friendly apartments in Peterborough, ON?

Peterborough accommodates pet owners well, with 37% of rental listings welcoming pets across the city's neighborhoods. This represents a solid selection for renters with furry companions seeking apartments in the area.

Are utilities usually included in rent in Peterborough, ON?

Utilities are rarely included in Peterborough rental listings, appearing in less than 1% of available apartments across all bedroom types. Renters should budget separately for utilities when planning their monthly housing costs in the city.

Cheap Apartments for Rent in Peterborough, ON

25 rentals

5d+ ago

Cheap Kenner house for rent in Peterborough

588 Howden St #6, Peterborough, ON K9J 4B5

Affordable | On-site laundry | Air conditioning

1 bed

1 bath

$625

House for rent

Available Mar 1

Top amenities

Furnished

On-Site Laundry

203 - 203 Rubidge St - 201/203 Rubidge St - Photo 1 of 1

5d+ ago

Cheap South Central apartment for rent in Peterborough

201 - 203 Rubidge St (Grover) - Property

203 - 203 Rubidge St - 201/203 Rubidge St, Peterborough, ON K9J 3N9

Affordable

3 beds

3 baths

$650

Apartment for rent

Available May 1

5d+ ago

Cheap South Central apartment for rent in Peterborough

219 Stewart St - Property

219 Stewart St, Peterborough, ON K9J 3M6

Affordable

3 beds

2 baths

$750

Apartment for rent

Available May 1

Rent special

1d ago

8.4

Very good

836 Talwood Drive

836 Talwood Dr, Peterborough, ON K9J 7G8

Affordable | Assigned parking

Studio–2 beds

1 bath

$1,414–$1,800

Apartment for rent

1d ago

9.3

Excellent

1155 Goodfellow Road

1155 Goodfellow Rd, Peterborough, ON K9J 7X1

Affordable | On-site laundry | Storage

1–3 beds

1 bath

$1,595–$2,200

Apartment for rent

Available Jul 1

Top amenities

On-Site Laundry

On-Site Management

Storage

Rent special

3d ago

9.4

Excellent

Time Square Apartments

211 & 211 Hunter St. E., Peterborough, ON K9H 7B5

Affordable | On-site laundry | Dishwasher

1–2 beds

1 bath

$1,670–$2,135

Apartment for rent

Available Dec 12

Top amenities

Central Heat

Elevator

On-Site Laundry

On-Site Management

Residents Lounge

Nearby rental good for eco-living

$2,100–$3,790

North Central

Nearby rental good for pet owners

$625

800 Water Street

1d ago

8.4

Very good

1211 Goodfellow Road

1211 Goodfellow Rd, Peterborough, ON K9J 5X4

Affordable

1–2 beds

1 bath

$1,680–$1,877

Apartment for rent

2d ago

8.5

Very good

282-288 Romaine Street

282 Romaine St, Peterborough, ON K9J 2C5

Affordable | Garage parking

1–2 beds

1 bath

$1,699–$1,999

Apartment for rent

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Rent special

23h ago

Excellent

Cambridge Court

1189 Talwood Crt, Peterborough, ON K9J 7X4

Affordable | On-site laundry | Garage parking

1–3 beds

1 bath

$1,699–$2,447

Apartment for rent

Available May 14

Top amenities

Elevator

On-Site Laundry

On-Site Management

Residents Lounge

Rent special

1d ago

9.1

Excellent

Kingswood II

1001 Talwood Dr, Peterborough, ON K9J 7T3

Affordable | On-site laundry | Garage parking

1–3 beds

1 bath

$1,721–$2,361

Apartment for rent

Top amenities

Assigned Parking

Garage Parking

On-Site Laundry

On-Site Management

Find sweet deals near Peterborough

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$700

Kenner

$750

South Central

$1,600

North Central

$1,671–$1,800

Greenhill

3d ago

8.5

Very good

421 Sheridan St

421 Sheridan St, Peterborough, ON K9H 7G2

Affordable | On-site laundry | Garage parking

1–2 beds

1 bath

$1,750–$1,900

Apartment for rent

Top amenities

On-Site Laundry

1d ago

9.1

Excellent

200 St Lukes Ave

200 St Lukes Ave, Peterborough, ON K9H 1E7

Affordable | On-site laundry | Storage

2 beds

1 bath

$1,750

Apartment for rent

Top amenities

Carpet

Elevator

On-Site Laundry

On-Site Management

Residents Lounge

Storage

1d ago

9.4

Excellent

Kingswood I

1200 Talwood Crt, Peterborough, ON K9J 7X3

Affordable | On-site laundry | Garage parking

1–3 beds

1 bath

$1,755–$2,249

Apartment for rent

Available Jun 15

Top amenities

Assigned Parking

Garage Parking

On-Site Laundry

On-Site Management

1d ago

Cheap North Central apartment for rent in Peterborough

161 Antrim Street, Peterborough, ON K9H 3G5

Affordable

2 beds

1 bath

$1,800

Apartment for rent

Available Jul 1

2d ago

8.8

Very good

McDonnel Apartments

294 Mcdonnel St, Peterborough, ON K9H 2W8

Affordable | On-site laundry

2 beds

1 bath

$1,849

Apartment for rent

Top amenities

On-Site Laundry

4d ago

8.5

Very good

700 Parkhill Road West

700 Parkhill Rd W, Peterborough, ON K9J 7W9

Affordable | On-site laundry | Assigned parking

3 beds

1 bath

$1,900

House for rent

Top amenities

On-Site Laundry

On-Site Management

Rent special

21h ago

9.4

Excellent

Maplewood Court

1777 Stenson Blvd, Peterborough, ON K9K 2H6

Affordable | On-site laundry | Assigned parking

2 beds

1 bath

$1,999–$2,015

Apartment for rent

Available May 31

Top amenities

Assigned Parking

On-Site Laundry

Rent special

4d ago

8.6

Very good

Y Lofts

475 George St N, Peterborough, ON K9H 0J4

Affordable

1–3 beds

1–3 baths

$2,100–$3,790

Apartment for rent

5d+ ago

Verified

1612 Cherryhill Rd, Peterborough, ON K9K 1A8

Affordable | In-unit laundry | Garage parking

3 beds

1 bath

$2,200

Apartment for rent

Available Mar 26

Top amenities

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Kenner apartment for rent in Peterborough

492 King George Street - 1

492 King George St #1, Peterborough, ON K9J 1S1

Affordable | In-unit laundry | Dishwasher

3 beds

1 bath

$2,200

Apartment for rent

Available May 12

Top amenities

Air Conditioning

Dishwasher

In-Unit Laundry

Rent special

5d+ ago

Excellent

Delta Apartments

909 Clonsilla Ave, Peterborough, ON K9J 8B2

Affordable | On-site laundry | Garage parking

2 beds

1 bath

$2,265

Apartment for rent

Available Dec 12

Top amenities

Dishwasher

On-Site Laundry

On-Site Management

Storage

5d+ ago

Cheap Highland apartment for rent in Peterborough

373 Highland Rd-n - Upper

373 Highland Rd #UPPER, Peterborough, ON K9H 5J6

Affordable

3 beds

1 bath

$2,300

Apartment for rent

Available Aug 1

1d ago

Cheap Highland house for rent in Peterborough

750 Fairbairn Street #1, Peterborough, ON K9H 6B7

Affordable

3 beds

2 baths

$2,400

House for rent

Available Sep 1

5d+ ago

Verified

Lower- 274A William Street Peterborough Ontario K9J 5E4

274 William St, Peterborough, ON K9J 5E4

Affordable | In-unit laundry | Garage parking

5 beds

2 baths

$2,600

Apartment for rent

Available Apr 29

Top amenities

Air Conditioning

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Verified

871 Chapel Road Peterborough Ontario K9H7N1

871 Chapel Rd, Peterborough, ON K9H 7N6

Affordable | In-unit laundry | Garage parking

4 beds

2 baths

$2,800

$2,700

Price drop

Apartment for rent

Available May 2

Top amenities

Air Conditioning

Dishwasher

Garage Parking

In-Unit Laundry

On-Site Laundry

Showing 1 - 25 of 25 results

Home > Apartments in Peterborough > Peterborough Cheap Apartments For Rent

Updated: June 7, 2026

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