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House for Lease in Peterborough, Ontario

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With Square Yards Canada, you can explore ideal properties in Peterborough. Search for your options rental condo apartment, townhouse condos for rent, rental townhouse, office space for lease, 16 detached and semi-detached houses for rent in Peterborough.

Featured Projects
Pearl Place Condos

Pearl Place Condos

19 Hollywood Avenue, Toronto, ON
From CAD $862,900
  • 1 - 3 Beds
  • From 540 SqFt
The Pemberton 33 Yorkville

The Pemberton 33 Yorkville

33 Yorkville Ave, Toronto, ON
From $819,990 - $1,965,990
  • 1 - 1 Beds
  • From 365 SqFt
Vincent Condos

Vincent Condos

2851 Highway 7, Vaughan, ON
From $625,990 - $857,990
  • 1 - 1 Beds
  • From 432 SqFt
Cielo Condos

Cielo Condos

300 Bloor Street West, Toronto, ON
From $861,000 to $2,469,000
  • 1 - 2 Beds
  • From 445 SqFt
Adagio Condos

Adagio Condos

771 Yonge Street, Toronto, ON
Price On Request
  • 1 - 3 Beds
  • From 372 SqFt
Gemma Condos

Gemma Condos

5046 Hurontario Street, Mississauga, ON
From $621,900 - $1,029,900
  • 2 - 2 Beds
  • From 1000 SqFt
75 James Condominiums

75 James Condominiums

75 James Street South, Hamilton, ON
From the CAD $400,000
Park Place

Park Place

Highway 7 and Commerce St, Vaughan, Ontario
From $600,000
  • 1 - 2 Beds
  • From 544 SqFt
Westbend Residences

Westbend Residences

1660 Bloor Street West, Toronto, ON
Price On Request
Express Condos

Express Condos

4 Tippett Rd, Toronto, ON
From $833,900 - $1,015,900
  • 2 - 3 Beds
  • From 928 SqFt
Last Updated: December 05, 2022
  • New Listings
  • Price(Lo-Hi)
  • Price(Hi-Lo)
  • Bedrooms(Hi-Lo)
  • Bathrooms(Hi-Lo)
  • Square Feet(Lo-Hi)
  • Square Feet(Hi-Lo)
22 Photos
Days On Site : 4 Days
11 Dennistoun Ave, Peterborough, Ontario
This Lovely Second-Floor Apartment Features 2 Bedroom, 1 Bathroom, Balcony With Stunning Views Of The Water And Inverlea Park. All Rooms Are Spacious And Bright With High Ceilings. Enjoy Walks On The Bank Of The Otonabee, The Rotary Trail, And Downtown Peterborough. Close To Fast Food, Laundry Services, And Buses. Parking Available On The Street. Only Suitable For 1 Or 2 Persons. Jan 1st, 2023 Occupancy.
$1800.0
  • 1 Beds
  • 1 Baths
  • 700-1100 sq-ft

11 Dennistoun Ave Downtown, Peterborough, ON

MLS® X5839961
11 Photos
Days On Site : 5 Days
419 Sadler Way, Peterborough, Ontario
Brand New Single Garage Detached 3 Bedroom Home With 9Ft Ceilings On Main Level. Bright Home With Lots Of Natural Light, Direct Access To Garage, 2 Linen Closets, Large Backyard, Unfinished Basement. Tastefully Selected Finishes Including Oak Staircase With Black Steel Pickets And Gas Fireplace In Great Room. Stainless Steel Fridge, Stainless Steel Range & Stainless Steel Dishwasher, Washer & Dryer
$3000.0
  • 3 Beds
  • 3 Baths
  • 1500-2000 sq-ft

419 Sadler Way Northcrest, Peterborough, ON

MLS® X5839103
6 Photos
Days On Site : 5 Days
2085 Whittington Dr, Peterborough, Ontario
MLS® X5839033
30 Photos
Days On Site : 10 Days
210 O'neil St, Peterborough, Ontario
Welcome To The Brand New Community Of Lilly Lake! This Brand New 4 Bed, 3 Bath Detached Adriana Model Built By Peterborough Homes Feels Like Luxury From The Moment You Step Inside. Entering Into Your Large Foyer With Crown Molding And Textured Ceiling, You Immediately Notice That No Details Have Been Overlooked. The Open Concept Floor Plan Offers A Brand New Modern Kitchen, Including A Gas Range, Breakfast Bar And Open To A Bright Living Room Perfect For Entertaining, As Well As A Dining Room With A Walk Out To A Large Deck. Built With Exceptional Attention To Detail Using Only The Highest Quality Workmanship And Materials During The Building Process. You Wont Want To Miss This Amazing Turn-Key Opportunity! Located In A Prime And Convenient Neighbourhood, Close To Parks And Near Plaza Shopping, Schools, Drug Stores And Minutes To The Regional Healthcare Centre.
$3050.0
  • 4 Beds
  • 3 Baths
  • 2000-2500 sq-ft

210 O'neil St Rural Smith-Ennismore-Lakefield, Peterborough, ON

MLS® X5836124
1 Photos
Days On Site : 10 Days
360 George St N, Peterborough, Ontario
MLS® X5835593
1 Photos
Days On Site : 10 Days
360 George St N, Peterborough, Ontario
MLS® X5835571
1 Photos
Days On Site : 10 Days
360 George St N, Peterborough, Ontario
MLS® X5835553
1 Photos
Days On Site : 10 Days
360 George St N, Peterborough, Ontario
MLS® X5835546
1 Photos
Days On Site : 10 Days
360 George St N, Peterborough, Ontario
MLS® X5835527
10 Photos
Days On Site : 11 Days
1354 Youngs Point Rd, Peterborough, Ontario
Luxury Renovated 2 Bedroom Suite In Historic Century Victorian Building Situated On 25 Country Acres. 14 Luxury Suites With No Details Spared. Building Has Been Completely Renovated From Top To Bottom. Features Include 10' Ceilings, Security Cameras, Filtered Drinking Water Taps, Sprinkler System, Passkey Entry & Community Vegetable Garden. Escape The City & Be One Of A Few Lucky People Who Can Call This Exquisite Property And Building Home.
$2100.0
  • 2 Beds
  • 1 Baths

Unit-201, 1354 Youngs Point Rd Rural Smith-Ennismore-Lakefield, Peterborough, ON

MLS® X5834460
10 Photos
Days On Site : 13 Days
140 Simcoe St, Peterborough, Ontario
Newer Two-Bedroom Apartment In The Heart Of Historic Downtown Peterborough. Conveniently Located Close To Peterborough Square Mall, The Bus Terminal, Plenty Of Amazing Restaurants, Banks And Grocery Stores And A Cinema. Exclusive Patio Terrace For Residents Only, Individually Controlled Heat/Ac. Great Sized Windows Let In Plenty Of Natural Light.
$2699.0
  • 2 Beds
  • 1 Baths
  • 1000-1199 sq-ft

Unit-#201, 140 Simcoe St Downtown, Peterborough, ON

MLS® X5832828
17 Photos
Days On Site : 13 Days
587 Spillsbury Dr, Peterborough, Ontario
Bright And Spacious 3 Bedroom (Main Floor Only) Raised Bungalow In Kawartha Heights. Oversized Windows That Lets In Plenty Ofnatural Sunlight. Hardwood Floors Through-Out. Open Concept: Living Rm Featuring Fireplace. Large Dining Room. Large Kitchen W/Stainless Steel Appliances. Spacious Primary Rm With Ensuite Entrance And Updated Soaker Tub/Shower. Huge Backyard With Bbq Area, Surrounded By Fruit Trees. Walking Distance To College, Shops And Restaurants.
$2500.0
  • 3 Beds
  • 1 Baths

587 Spillsbury Dr Otonabee, Peterborough, ON

MLS® X5832682
18 Photos
Days On Site : 13 Days
702 Whetstone Lane, Peterborough, Ontario
Brand New, 2-Story All Brick Detached Home For Rent In North End Subdivision. Gorgeous 3-Bedrooms + 3 Bathrooms Spacious Home With Brand Appliances. Master Bedroom Has 4Pc Ensuite And Big Walk-In Closet. Open Space With 9 Feet Ceiling In Main Floor, Bright And Spacious, Double Garage Close To Shopping, Easy Access To The Highway, The Many Lakes On The Trent Severn Waterway, Parks And Outdoor Activities And Minutes Away From Trent University In Peterborough.
$2950.0
  • 3 Beds
  • 3 Baths

702 Whetstone Lane Northcrest, Peterborough, ON

MLS® X5832362
4 Photos
Days On Site : 20 Days
21 Northhill Ave, Peterborough, Ontario
Welcome To 21 Northhill Avenue In The Heart Of Millbrook. This Beautiful Subdivision "The Highlands" Is Conveniently Located Close To All The Amenities Millbrook Has To Offer As Well As Hwy 115. This Home Offers 4 Large & Spacious Bedrooms Along With 3 Bathrooms. Boasting 2260 Square Feet Above Grade. Unfinished Basement With Walkout. Perfect Home For A Growing Family That Want The Convenience Of Renting Rather Than Home Ownership. All Appliance Stay On The Property Which Include: Stainless Steel Fridge, Stove, Dishwasher, Clothes Washer & Dryer. Looking For A++ Tenant That Can, If Requested, A Credit Check, Employment Letter & Rental Application With References.
$2500.0
  • 4 Beds
  • 3 Baths
  • 2000-2500 sq-ft

21 Northhill Ave Millbrook, Peterborough, ON

MLS® X5826391
2 Photos
Days On Site : 24 Days
550 Lansdowne St, Peterborough, Ontario
MLS® X5823209
21 Photos
Days On Site : 25 Days
34 York Dr, Peterborough, Ontario
Executive Upgraded House For Lease. This Two Storey Home In A New Sub Division Of Peterborough. Large 4 Bedrooms + Den With 4 Washrooms, Quartz Counter Tops, Breakfast, Great Room With Gas Fireplace, Living Room, 2nd Floor Laundry. Conveniently, Located. The Large Wooden Deck For Friends And Family Entertaining! Utilities Are Not Included, Brand New Property Never Lived In. One Year Lease Is Required.
$3300.0
  • 4 +1 Beds
  • 4 Baths
  • 2500-3000 sq-ft

34 York Dr Northcrest, Peterborough, ON

MLS® X5822089
Peterborough Real Estate for Rent

About 128 km northeast of the great Toronto lies the beautiful township of Peterborough, neatly situated on the banks of the Otonabee River of Ontario. The fact that there is a myriad of amenities available in this township gives reasonable grounds for anyone to look for homes, whether they are new purchases or rentals. Whatever the sc ...

About Peterborough
Peterborough Real Estate for Rent

About 128 km northeast of the great Toronto lies the beautiful township of Peterborough, neatly situated on the banks of the Otonabee River of Ontario. The fact that there is a myriad of amenities available in this township gives reasonable grounds for anyone to look for homes, whether they are new purchases or rentals. Whatever the scenario, Peterborough is a hot locality for the real estate market in terms of growth potential and investment diversification. Currently, the township has 83,651 people as of the 2021 census read. Moreover, the locality covers about 64.76 km2 (25.00 sq mi) of land, 12.67 km2 (4.89 sq mi) of water, 54.58 km2 (21.07 sq mi) of the urban area, and 1,508.44 km2 (582.41 sq mi) of the metropolitan area.

The Peterborough housing market consists of residential communities, farmlands, towns, villages, hotels, and lake-side resorts. Residential properties for rent in Peterborough include all the property types, such as detached houses, semi-detached houses, townhouses, condos, apartments, and so on.

Average Rental Price by Property Size in Peterborough

One of the major factors affecting the average rental price of properties in Peterborough is not only the size of the property but also the location.

If a person needs to afford the housing rentals provided, experts came up with a calculated income threshold which is as follows.

  • Bachelor - Average rent is CAD 819 - This means the person should earn about CAD 32,760 annually.
  • 1-Bedroom Apartment - Average rent is CAD 990 - This means that the person should earn about CAD 39,600.
  • 2-Bedroom Apartment - Average rent is CAD 1,191 - This means that the person should earn about CAD 47,640.
  • 3-Bedroom Apartment - Average rent is CAD 1,427 - This means that the person should earn about CAD 57,080.

Top Neighbourhood with Best Rentals in Peterborough

The county of Peterborough is divided further into eight municipalities or townships, which are a great prospect for home-buying and renting. Here is a list of the top Peterborough neighbourhood with the best rentals.

  • Asphodel–Norwood
  • North Kawartha
  • Otonabee–South Monaghan
  • Selwyn, Ontario
  • Trent Lakes

Average Lease Price by Property Type in Peterborough

The average lease price in Peterborough county can range from CAD 1,350 to CAD 2,199. The price by property type is as detailed below.

Studio Apartments CAD 1,350
1-Bedroom CAD 1,581
2-Bedroom CAD 1,846
3-Bedroom CAD 2,199
4-Bedroom Not disclosed due to confidentiality

With the studio rooms, one can expect a 50% year-on-year change. The prices can fluctuate as much due to market conditions and locality.

Furthermore, the same cannot be said about 1-bedroom apartments as there is only a 13% year-on-year change. This is because studios are more preferred by individuals and more frequently vacated. Slightly more is the 2-bedroom and 3-bedroom apartments, as there is a 14% hike every year as families prefer these.

Rental Average Price History in Peterborough

Before further addressing the current Peterborough real estate market scenario, take a moment to understand how the market prices stood a couple of years ago. This can be vital as we will know how the current market conditions came to be. Speaking of the pandemic year, which was the most volatile period in the real estate market, the rental structure kept increasing in terms of pricing. The following particulars can be summed up about Peterborough rent price.

  • Rent was increased for the fourth consecutive year, making tenants feel pressured to pay.
  • Just about 14% of apartments were in the pocket range for individuals with income ranging from CAD 25,000 to CAD 35,000.
  • Homeowners were forced to increase long-term tenants' rent due to prevailing market rates.
  • Vacancies were up by 2.6% due to little demand.
  • Difference increase between vacant units and occupied units to 17.8%.

The average rate increased steadily for the fourth back-to-back year. Seeing this increase, authorities also expressed their concerns by saying that increasing rental prices are merely taken for granted by people with privilege. This, however, can affect people with lower incomes. This had some impact on the data that is explored below.

  • Bachelor’s average rental in 2019 was CAD 785, which increased by 4.3% to CAD 819.
  • 1-bedroom apartment’s average rental in 2019 was CAD 942, which increased by 5.1% to CAD 990.
  • 2-bedroom apartment’s average rental in 2019 was CAD 1,104, which increased by 7.9% to CAD 1,191.
  • 3-bedroom apartment’s average rental in 2019 was CAD 1,347, which increased 5.9% to CAD 1,427.

Best Areas / Communities for Rental Properties in Peterborough

The county of Peterborough is divided further into eight municipalities or townships, which are a great prospect for home-buying and renting. Here is a list of the top Peterborough neighbourhood with the best rentals.

  • Asphodel–Norwood
  • North Kawartha
  • Otonabee–South Monaghan
  • Selwyn, Ontario
  • Trent Lakes

Pet-Friendly Rental Homes Options in Peterborough

If one is looking for pet-friendly homes in Peterborough, the best option perhaps will be detached and semi-detached home types. This can be instrumental in giving pets ample space to move around and feel more comfortable. In an apartment setting, pets can feel a bit clustered and claustrophobic.

Rental Demographics

Peterborough is mostly occupied by people from other places and settling. This mainly owes to the fact that the township of Peterborough is more closely located in some of the densely populated towns in Ontario, such as Toronto, Kawarthas Lakes, and Kingston. To show in data, the following details apply.

  • Indigenous Rental occupants - 880
  • Non-indigenous rental occupants - 14,500

The average indigenous occupant’s occupants household income has been noted as CAD 40,701 with a median household income as CAD 31,499 and an average rent pay as CAD 930. The non-indigenous renter’s household income has been noted as CAD 43,082, with a median household income of CAD 34,018 and an average rent they pay as CAD 961.

Moreover, about 57% of indigenous occupants are noted to be paying more than 30% of their household income on rent, with only 52% of non-indigenous occupants doing the same. Lastly, about 27% of the indigenous occupants are noted to be paying more than 50% of their household income on rent, with only 23% of non-indigenous renters doing the same. This clearly shows that non-indigenous individuals and families are more likely to rent a place in Peterborough county because of their popularity in the township.

Frequently Asked Questions (FAQs)

How Much is the Average Monthly Rental in Peterborough?

The average monthly rental in Peterborough ranges from CAD 1,300 to CAD 1,600.

What are the legal documents required to rent in Peterborough?

Renters will be required to produce a business license as per the law.

What is the average rent for 2 & 3-bedroom houses in Peterborough?

The average rent for two and 3-bedroom houses in Peterborough range from CAD 1,846 to CAD 2,199.

What is the average space of a rental house in Peterborough?

The most popular space to rent out in Peterborough has been the studio apartment types which span about 37 sq. m.

Is Rental listing in Square yards brokerage free in Peterborough?

Yes, free rental listings can be explored with the Squareyards brokerage in Peterborough.

How frequently can a landlord raise the rent in Peterborough?

The landlords in Peterborough have been hiking the rentals yearly due to the pressure of keeping up with the market trends.

Can I rent a property for one year in Peterborough?

One may rent a property for a year in Peterborough with advance notice.

What all Bed Room types are available for rent in Peterborough?

There are studio apartments, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, and 4-bedroom apartments available in Peterborough county on a rental basis.

How much does a condo rent cost in Peterborough?

A condo rent can cost a person from CAD 2,049 to CAD 3,100.

How much does a townhouse rental in Peterborough cost?

A townhouse can be rented in Peterborough for about starting price of CAD 2,250.

Top Municipalities in Peterborough
If you are searching for some of the most preferred municipalities in Peterborough to live in, Square Yards has you covered. You can find a wide range of properties to match your preferences in property size or budget, including freehold, residential, and commercial property for rent in Peterborough most preferable municipality.
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Top Communities in Peterborough
In search of the best communities in Peterborough for long-term settling? You can simply trust Square Yards Canada for all your property requirements. Explore different types of properties available to suit your preferences like budget, property size, and property type, detached, semi-detached, condo apartment, or commercial property for rent in Peterborough most favourable communities.
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Property Types Available in Peterborough
If you wish to relocate to Peterborough then scroll through the Peterborough property market for multiple property types. You will find a wide range of properties for rent in Peterborough, including condo apartments, detached, semi-detached, condo townhouses, apartments, flats, residential, freehold, office spaces, and commercial properties for rent in Peterborough.
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Properties By Budget
Looking for a property that meets your needs but finding it difficult? Connect with Square Yards. Here you will get to choose from a variety of property types just as residential, freehold homes for rent under CAD 2000 thousand and 1 bedroom apartments under CAD 10 thousand to rent house under CAD 1 M in Peterborough.
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Bedroom Types Available in Peterborough
Explore the Peterborough 1 to 5 bedroom condos, apartments, and duplexes. Square Yards Canada offers a plethora of rental options with a broad variety of property sizes. You can choose from 1 bedroom, 2 bed apartment, 3 bedroom house, 4 bedroom, and 5 bedroom house for rent in Peterborough.
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