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City in Ontario
Homes for rent under $1M in Penetanguishene
4 homes in Penetanguishene are listed for rent under $1M, which is 100% of everything for rent. Detached houses are the largest group.
10,077 people lived in Penetanguishene at the 2021 Census, in 3,985 households. 76% of households owned their home and 24% rented. The most common homes were single-detached houses (68%) and low-rise apartments (17%). 52% of homes were built before 1981, and 7% since 2011. 92% of commuters went to work by car and 0% by public transit.
Penetanguishene, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Homes for Rent in Penetanguishene Under $1M
Listed 2 days ago
17 Peel Street
Penetanguishene, ON L9M 1A5
DetachedFor Rent
Listed 5 days ago
Unit Penthouse, 87 Main Street
Penetanguishene, ON L9M 1S8
Condo ApartmentFor Rent
Day to dayLivability
4.3
Schools near listings
out of 10 · averaged over 2,686 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$679,900
In Penetanguishene
$679,900
In Ontario
$716,900
Median monthly rent
$2,745/mo
In Penetanguishene
$2,745
In Ontario
$2,499
$568
Per square foot
≈ 20.6 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
89
Median $679,900
Houses 78 · Condos 11
For rent
4
Median $2,745
Houses 3 · Condos 1
Recently sold
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Recently leased
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Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Strong school rating of 4.3
- Lower median sale price than provincial average
- Family-friendly with many parks
- Good public transit options
Keep in mind
- Limited rental options available
- Prices are above some local averages
The feel of the placeLifestyle
Daily life in Penetanguishene is relaxed, with access to parks and schools. The community is supportive and welcoming.
Within the boundaryWhat's nearby
The boundary
25.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
9
Parks
8
Playgrounds
1
Grocery stores
3
Restaurants
1
Cafés
1
Libraries
Counted across all 25.1 km² of Penetanguishene. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
4.2/10
Average rating of the 7 rated schools in this area
7
Elementary
1
Secondary
Burkevale Protestant Separate School Separate School
Independent · Grades JK–8 · Penetanguishene PSSB
6.2/105.7 over 5 yrs1,444th of 3,045 Ontario elementary schools
345 students · EQAO 2024-2025
ÉÉC Saint-Louis
Independent · French · Grades JK–8 · CSC MonAvenir
5.7/101,807th of 3,045 Ontario elementary schools
85 students
École secondaire Le Caron
Public · French · Grades 9–12 · Conseil scolaire Viamonde
4.8/105.4 over 5 yrs573rd of 742 Ontario secondary schools
100 students · EQAO 2024-2025
École élémentaire Saint-Joseph
Public · French · Grades JK–6 · Conseil scolaire Viamonde
4.4/102,432nd of 3,045 Ontario elementary schools
240 students · EQAO 2024-2025
St Ann's Separate School
Catholic · Grades JK–8 · Simcoe Muskoka CDSB
4.1/103.4 over 5 yrs2,535th of 3,045 Ontario elementary schools
145 students · EQAO 2024-2025
Canadian Martyrs Catholic School
Catholic · Grades JK–8 · Simcoe Muskoka CDSB
3.0/103.7 over 5 yrs2,825th of 3,045 Ontario elementary schools
215 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Penetanguishene, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
10,077
Population (2021)
25.4 km²
Area
396
People per km²
51.9
Median age
$78,719
Median income
76%
Own their home
2.3
People per household
3,985
Households
Every age
- Children (under 15)10.9%
- Working age (15–64)59.5%
- Seniors (65+)29.6%
What is built here
- Detached houses67.7%
- Semi-detached4.6%
- Townhouses2.5%
- Duplexes7.5%
- Low-rise apartments17.1%
Own or rent
76%Owners
24%Renters
Across 3,985 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier27%
- 1961–198025%
- 1981–199016%
- 1991–200013%
- 2001–20056%
- 2006–20105%
- 2011–20152%
- 2016–20215%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 6.7%
- Born outside Canada
- 13.5%
- Hold a degree or higher
- 45.6%
- Employment rate
- 0%
- Commute by transit
- 91.5%
- Commute by car
- 1.6
- Children per family
- $69,627
- Median income after tax
- $95,138
- Average household income
- 11.9%
- Living on a low income
- $887/mo
- Renters pay, per month
- $1,103/mo
- Owners pay, per month
- $561,576
- Median home value at census
- 25.5%
- Renters spending 30%+ of income on housing
- 12.4%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 18 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
Common questions about homes for rent under $1M in Penetanguishene
How many homes in Penetanguishene rent for under $1M?
4 homes in Penetanguishene are listed for rent under $1M today, 100% of the 4 homes for rent. Their median rent is $2,745/mo.
All rentals in PenetanguisheneWhat kind of home can I rent in Penetanguishene for under $1M?
Under $1M, Penetanguishene has detached houses (2) and condo apartment (1) for rent. Most have 1 to 3 bedrooms.
Houses for rent in PenetanguisheneMore Rentals in Penetanguishene
4 homes are for rent in Penetanguishene. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.