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Peterborough
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Houses for Rent in Peterborough, ON

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Property for Lease in Peterborough Overview

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 rentals or new home purchases. 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.

 

Rental Price Trends By Property Size in Peterborough 

Size and location heavily influence the rental price of a property. Rental prices for properties ranging from 600 sq. ft. to 1,100 sq. ft. typically range from CAD 2,000 to CAD 2,900. Properties between 1,200 sq. ft. and 2,500 sq. ft. charge monthly rents ranging from CAD 2,300 to CAD 4,000. Rental prices for properties in Peterborough range from 2,600 sq. ft. to 3,500 sq. ft. and can go up to CAD 4,000. 


Peterborough’s average rent price varies for every property type. As of November 2024, the average rent for different types stands as - Studio ($1,494), 1 Bedroom ($1,199), 2 Bedroom ($2,033), 3 Bedroom ($2,229), and 4 Bedroom ($2,883).

 

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.

 

Rental Price Trends By Property Type in Peterborough

From residential to commercial, there are various types of houses available in Peterborough. Some of its popular rental properties include condominiums, apartments, townhouses, and others. Average property rentals vary by type. As of November 2024, the average apartment rental in Peterborough stands at $1,899, and the same for condos stands at $2,150. Interested tenants can explore the price range of different property types in Peterborough below:

Property Type

Rental Price Range 

Commercial Properties

CAD 699 - CAD 6,037

Offices 

CAD 800 - CAD 4,000

Detached Houses

CAD 725 - CAD 9,900

Single Family Homes

CAD 725 - CAD 9,900

Land for Rent

CAD 1,350 - CAD 5,000

Multi-family Homes

CAD 1,850 - CAD 2,495

Duplex 

CAD 1,850 - CAD 2,300

Condos 

CAD 1,599 - CAD 2,500

Townhouses

CAD 1,450 - CAD 3,300

 

Rental Price History in Peterborough

According to recent reports, the median rent in Peterborough was CAD 1,857 in November 2024. This is 9% more than the previous year but 7% less than the national average. In addition to the overall Peterborough rental price history, tenants can also check the price trajectories of each property on Square Yards. Our official website highlights the rental price history of listed properties. Tenants can easily analyse trends, compare prices, and make informed decisions.  

 

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

People from other places and settlements mostly occupy Peterborough. 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. The more recent data, dating to 2024, showcases the following demographic insights: 

  • Indigenous Rental occupants - 730
  • Non-indigenous rental occupants - 12,350

The average Indigenous occupant's household income has been noted as CAD 40,167, with a median income of CAD 30,568 and an average rent pay of CAD 913. The average non-indigenous renter’s household income has been noted as CAD 41,478, with a median income of CAD 33,108 and an average rent of CAD 959. 

Moreover, about 59% of Indigenous occupants are noted to be paying more than 30% of their household income on rent, with only 53% 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. Additionally, 8% of indigenous households live in overcrowded conditions, as compared to 5% of non-indigenous households. This shows that non-indigenous individuals and families are more likely to rent a place in Peterborough County because of their popularity in the township.
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Frequently Asked Questions (FAQs)

Monthly rental prices in Peterborough can range from CAD 699 to CAD 4,000, depending on property size, type, location, amenities, and other factors.

Documents such as tenancy agreements, business licences, identity proof, income proof, and others are required to rent properties in Peterborough.

Rent for 2 and 3-bedroom houses in Peterborough range from $800 to $4,000.

Rental properties in Peterborough are available in multiple sizes. These include a studio, 1 bedroom, 2 bedrooms, 3 bedrooms, and others.

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

Landlords in Peterborough can legally raise rent once every 12 months after providing tenants with a 90-day written notice.

With advance notice, one may rent a property in Peterborough for a year.

Studio apartments, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, and 4-bedroom apartments are available for rent in Peterborough County.

Condos for rent in Peterborough can range from  CAD 1,599 to CAD 2,500.

Townhouses for rent in Peterborough can range from CAD 1,450 to CAD 3,300.

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