Last updated on November 2, 2026

Average rent in
Peterborough, ON

Median rent

Median rent in Peterborough

$1,950/mo

increased by4%

vs previous year

The average rent in Peterborough is $1,950 per month as of October 2026. This is 3% above the national average rent, or $50 more per month.

$2.70

average price per square foot

Total rentals

Available rentals in Peterborough

48

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Peterborough rentals at each price point

85%64%43%21%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Peterborough, ON

Average rent prices in Peterborough have increased by 1% over the last month and have increased by 4% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Peterborough, ON

Rent prices in Peterborough vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Peterborough is $1,982, whereas a house costs $1,897. 1-bedroom apartments in Peterborough run $1,657 on average, while 2-bedroom apartments are $1,999.

Listings

Studio

$1,299

18%

13%

1 bedroom

$1,620

No Change

13%

2 bedroom

$1,999

1%

No Change

3 bedroom

$2,258

No Change

2%

4 bedroom

$2,750

No Change

4%

Studio

Average rent

$1,299

Last 30 days

18%

Last year

13%

1 bedroom

Average rent

$1,620

Last year

13%

2 bedroom

Average rent

$1,999

Last 30 days

1%

3 bedroom

Average rent

$2,258

Last year

2%

4 bedroom

Average rent

$2,750

Last year

4%

The table above reflects average rent prices in Peterborough, ON, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Peterborough, ON compare to other cities?

Compare median rent prices in Peterborough and Ajax by all bedroom counts and property types.

Peterborough

Median rent price$1,950
increased by3%

higher than the national median

Median rent price$2,100
increased by11%

higher than the national median

Takeaway

The median rent for all rentals in Peterborough, ON is 7% lower than the median rent in Ajax, ON.

Discover rentals in Peterborough, ON

1556 Redwood Dr - Photo 1 of 1

5d+ ago

Kawartha house for rent in Peterborough

3 beds

2 baths

$575

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
805 Morphet Ave - Photo 1 of 1

5d+ ago

Kenner apartment for rent in Peterborough

4 beds

3 baths

$600

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
 - Photo 1 of 1

5d+ ago

South Central house for rent in Peterborough

4 beds

3 baths

$650

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
1260 Pulpit Rd - Photo 1 of 1

5d+ ago

House for rent in Peterborough

1 bed

1 bath

$650

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Peterborough, ON

Quick answers to common questions about the Peterborough rental market.

How much is rent in Peterborough?

The average rent in Peterborough is $1,950 per month as of October 31, 2026.

Is rent up or down in Peterborough?

Average rent prices in Peterborough have increased by 1% over the last month and have increased by 4% since last year.

How does Peterborough rent compare to the national average?

Rent in Peterborough is 3% above the national average, which means renters are paying approximately $50 more per month.

Which neighborhoods are most affordable in Peterborough?

The most affordable neighborhoods in Peterborough are South Central ($1,656/mo), Sunset ($1,800/mo), and Kawartha ($1,827/mo).

What salary do I need to afford rent in Peterborough?

To comfortably afford rent in Peterborough, you'd need to earn approximately $78,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Peterborough?

December offers the best rental deals in Peterborough, with rents running about 7.3% lower than October's peak prices. April and July see the most competition with higher demand, while October is the least competitive month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Ajax