Rental Market Trends in Peterborough, ON

What is the average rent in Peterborough, ON?

C$1,572/month

Average Rent

526 Sq Ft

Average Apartment Size

-1.3%

Decrease in the Last Year

As of August 2025, the average rent in Peterborough, ON was C$1,572/month. When you rent an apartment in Peterborough, you can expect to pay as little as C$1,434 to as much as C$2,123, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

C$1,434/month

136 Sq Ft

One Bedroom

C$1,572/month

526 Sq Ft

Two Bedroom

C$1,847/month

696 Sq Ft

Three Bedroom

C$2,123/month

711 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

C$887/month

55 Sq Ft

Two Bedroom

C$1,671/month

0 Sq Ft

Three Bedroom

C$2,731/month

0 Sq Ft

Four Bedroom

C$2,887/month

80 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Peterborough, ON?

In the past year, rent has decreased by 1.3%, which averages out to C$20 less per month.

Percentage*

Rent Range

0% Below C$700/month

0% C$700 - C$1,000/month

12% C$1,001 - C$1,500/month

53% C$1,501 - C$2,000/month

35% Above C$2,000/month

What salary do I need to live comfortably in Peterborough, ON?

Because the average rent in Peterborough is C$1,572, you’ll want to make about C$5,240 per month or C$62,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Peterborough, ON compare to other nearby cities and neighborhoods?

Use the tool below to compare Peterborough, ON to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Peterborough, ON

Apartment Averages

Nearby City Rent Trends

Apartment communities in Peterborough we think you'll love

475 George Street North

475 George St,
Peterborough, ON K9H 3R6

C$2,180 - C$3,790

1-3 Beds

Tarawood Place

2199 Walker Ave,
Peterborough, ON K9L 1T8

C$1,599 - C$1,890

1-3 Beds

Kingswood II

1001 Talwood Dr,
Peterborough, ON K9J 7T3

C$1,794 - C$2,400

1-3 Beds

Kingswood I

1200 Talwood Dr,
Peterborough, ON K9J 7X3

C$1,734 - C$2,259

1-3 Beds

Canada Ontario Peterborough Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.