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 August 2026
The average rent in Peterborough, ON is $1,548/month.
$1,548/month
Average Rent
511 Sq Ft
Average Size
-0.2%
Change / Year
175
Available Apartments
Peterborough rent varies by unit size and layout:
- Studio apartments in Peterborough average $1,565 per month.
- One-bedroom apartments in Peterborough average $1,548 per month.
- Two-bedroom apartments in Peterborough average $1,824 per month.
- Three-bedroom apartments in Peterborough average $2,071 or more per month.
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 decreased by 0.2%, which averages out to $3 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Peterborough, ON
August 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
69%
$1,501 - $2,000/month
19%
Above $2,000/month
What salary do I need to live comfortably in Peterborough, ON?
Because the average rent in Peterborough is $1,548, you’ll want to make about $5,160 per month or $61,920 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 GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Peterborough We Think You'll Love
Frequently Asked Questions
What is the average rent in Peterborough?
The average rent in Peterborough is $1,548 per month, which is 11.2% lower than the national average of $1,744.
What is the average rent for a house in Peterborough?
The average rent for a house in Peterborough, ON is $1,558 per month.
Are rents going up or down in Peterborough?
Rents in Peterborough, ON are decreasing, with prices down 0.2% year-over-year and $3 less per month.
What rent range is most common in Peterborough?
In Peterborough, ON, 69% 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.