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.