475 George Street North
475 George St,
Peterborough, ON K9H 3R6
1-3 Beds | $2,180 - $3,790
Rental Market Trends in Peterborough, ON
Updated July 2026
What is the average rent in Peterborough, ON?
$1,563/month
Average Rent
479 Sq Ft
Average Size
+0.2%
Change / Year
203
Available Apartments
As of July 2026, the average rent in Peterborough, ON was $1,563/month. When you rent an apartment in Peterborough, you can expect to pay as little as $1,562 to as much as $2,068, depending on the location and size of the apartment.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Peterborough, ON?
In the past year, rent has increased by 0.2%, which averages out to $4 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Peterborough, ON
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
12%
$1,001 - $1,500/month
62%
$1,501 - $2,000/month
25%
Above $2,000/month
What salary do I need to live comfortably in Peterborough, ON?
Because the average rent in Peterborough is $1,563, you’ll want to make about $5,210 per month or $62,520 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 neighbourhoods?
Use the tool below to compare Peterborough, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Peterborough Area GuideApartment Communities in Peterborough We Think You'll Love
Frequently Asked Questions
What is the average rent in Peterborough?
The average rent in Peterborough is $1,563 per month, which is 11.3% lower than the national average of $1,762.
What is the average rent for a house in Peterborough?
The average rent for a house in Peterborough, ON is $1,593 per month.
Are rents going up or down in Peterborough?
Rents in Peterborough, ON are increasing, with prices up 0.2% year-over-year and $4 more per month.
What rent range is most common in Peterborough?
In Peterborough, ON, 62% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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.