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City in Ontario

Apartments & homes for rent in Peterborough

Name: HOMEH Market Pulse — Peterborough closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 65 rentals in Peterborough, Ontario, with a median rent of $1,995/mo. 19 are 1-bedroom apartments and units and 19 have 2 bedrooms.

community-oriented family-friendly affordable

81,910 people lived in Peterborough at the 2021 Census, in 35,395 households. 59% of households owned their home and 41% rented. The most common homes were single-detached houses (57%) and low-rise apartments (18%). 64% of homes were built before 1981, and 5% since 2011. 85% of commuters went to work by car and 3% by public transit.

Population of 81,032

Peterborough, Ontario

Peterborough Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 49,569 past and present listings

Average walk score reported on listings here

5.1

Schools near listings

out of 10 · averaged over 49,569 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

$585,500

18% below Ontario

In Peterborough

$585,500

In Ontario

$716,900

Median monthly rent

$1,995/mo

20% below Ontario

In Peterborough

$1,995

In Ontario

$2,499

$323

Per square foot

≈ 24.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

380

Median $585,500

Houses 335 · Condos 45

For rent

Median $1,995

Houses 61 · Condos 4

Recently sold

Recently leased

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

Affordable median home price at $599,999
Good number of parks and recreational spaces
Strong community feel with a population density of 1387.5 per km²

Keep in mind

Limited public transit options
Walkability score of 55, moderate for walking

The feel of the placeLifestyle

Daily life in Peterborough is relaxed with access to parks and local shops. Residents enjoy a community-oriented atmosphere.

Great for first-time buyers families renters

Within the boundaryWhat's nearby

The boundary

60.7 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

103

Parks

171

Playgrounds

Grocery stores

107

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 60.7 km² of Peterborough. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.0/10

Average rating of the 28 rated schools in this area

Elementary

Secondary

St. Peter Catholic Secondary School
Catholic · Grades 9–12 · Peterborough Victoria Northum Clarington CDSB
6.7/106.7 over 5 yrs
275th of 742 Ontario secondary schools
1,035 students · EQAO 2024-2025
ÉÉC Monseigneur-Jamot
Independent · French · Grades JK–8 · CSC MonAvenir
6.6/106.8 over 5 yrs
1,165th of 3,045 Ontario elementary schools
245 students · EQAO 2024-2025
St. Paul Catholic Elementary School
Catholic · Grades JK–8 · Peterborough Victoria Northum Clarington CDSB
6.4/106.4 over 5 yrs
1,300th of 3,045 Ontario elementary schools
330 students · EQAO 2024-2025
St. Catherine Catholic Elementary School
Catholic · Grades JK–8 · Peterborough Victoria Northum Clarington CDSB
6.3/106.3 over 5 yrs
1,366th of 3,045 Ontario elementary schools
610 students · EQAO 2024-2025
Westmount Public School
Public · Grades JK–8 · Kawartha Pine Ridge DSB
6.3/106.4 over 5 yrs
1,366th of 3,045 Ontario elementary schools
475 students · EQAO 2024-2025
Edmison Heights Public School
Public · Grades JK–6 · Kawartha Pine Ridge DSB
6.2/106.8 over 5 yrs
1,444th of 3,045 Ontario elementary schools
530 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Peterborough, 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

81,910

Population (2021)

61.1 km²

Area

1,341

People per km²

44.4

Median age

$76,801

Median income

59%

Own their home

2.3

People per household

35,395

Households

Every age

Children (under 15)14.1%
Working age (15–64)61.5%
Seniors (65+)24.4%

What is built here

Detached houses56.7%
Semi-detached2.2%
Townhouses8.2%
Duplexes7.3%
Low-rise apartments17.9%
High-rise apartments7.3%

Own or rent

59%Owners

41%Renters

Across 35,395 households

When it was built

Mostly 1960 or earlier

1960 or earlier37%
1961–198028%
1981–199012%
1991–20009%
2001–20054%
2006–20104%
2011–20153%
2016–20212%

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.

9.5%
Born outside Canada: 22.8%
Hold a degree or higher: 48.8%
Employment rate: 3.1%
Commute by transit: 84.8%
Commute by car: 1.7
Children per family: $68,459
Median income after tax: $90,286
Average household income: 13.1%
Living on a low income: $1,241/mo
Renters pay, per month: $1,158/mo
Owners pay, per month: $527,660
Median home value at census: 38%
Renters spending 30%+ of income on housing: 11.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 130 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)

HOMEH Market Pulse Through September 2026 Deep sales history

What Rent Costs in Peterborough

272 homes were leased in Peterborough over the 12 months to September 2026. Half leased above $2,274 and half below, 12.2% lower than the 12 months before. A typical home found its tenant in 27 days — 4 days quicker than a year ago.

Median rent: $2,274; -12.2% year over year
Days to lease: 27; 4 days quicker
Leases closed: 272; last 12 months
Rent per square foot: $1.98/mo; from 214 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,550$2,825$2,100$1,375

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 4.4%

From 272 leases that closed here in the last 12 months.

Rent or buy in Peterborough

20.2 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$552,136

1,026 sales

Median rent

$2,274/mo

272 leases

Gross rental yield

4.94%

before costs

Both figures come from deals that actually closed in Peterborough over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Peterborough

A single median hides this: the mix of homes behind it, and what each kind costs.

272leases

Detached$2,70548.2%
Multiplex$1,68015.8%
Condo apartment$2,3502.6%
Other kinds of home$1,7501.8%
Other kinds, too few of each —31.6%

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Peterborough, rentals

Monthly closed leases in Peterborough
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	19	$2,450	$1,698 – $2,990	27	100.0%
Aug 2026	26	$1,925	$1,700 – $2,700	25	100.0%
Jul 2026	34	$2,400	$1,996 – $2,775	28	100.0%
Jun 2026	28	$2,373	$1,931 – $2,956	20	100.0%
May 2026	18	$2,600	$2,015 – $2,938	22	100.0%
Apr 2026	28	$2,288	$1,856 – $2,625	23	100.0%
Mar 2026	27	$1,875	$1,525 – $2,700	29	100.0%
Feb 2026	18	$2,200	$2,113 – $2,500	39	100.0%
Jan 2026	14	$2,300	$1,924 – $2,871	37	100.0%
Dec 2025	20	$2,175	$1,750 – $2,963	26	100.0%
Nov 2025	16	$2,248	$2,090 – $2,763	27	100.0%
Oct 2025	24	$2,550	$2,075 – $2,925	27	100.0%
Sep 2025	16	$2,850	$2,149 – $3,138	37	100.0%
Aug 2025	28	$2,525	$2,100 – $2,913	37	100.0%
Jul 2025	30	$2,450	$1,825 – $2,875	27	100.0%
Jun 2025	19	$2,700	$2,248 – $3,100	21	100.0%
May 2025	21	$2,550	$1,995 – $2,900	15	100.0%
Apr 2025	23	$2,300	$1,898 – $2,700	32	100.0%
Mar 2025	22	$2,938	$2,346 – $3,300	32	100.0%
Feb 2025	16	$2,898	$1,900 – $3,225	39	100.0%
Jan 2025	20	$2,400	$2,175 – $3,050	39	100.0%
Dec 2024	17	$2,800	$2,050 – $3,300	27	100.0%
Nov 2024	21	$2,200	$1,950 – $2,495	38	100.0%
Oct 2024	16	$2,800	$2,138 – $3,113	24	100.0%
Sep 2024	25	$2,700	$2,250 – $3,000	30	100.0%
Aug 2024	39	$2,750	$2,150 – $3,125	31	100.0%
Jul 2024	23	$2,800	$2,673 – $3,200	47	100.0%
Jun 2024	20	$2,750	$2,325 – $3,013	36	100.0%
May 2024	12	$2,675	$2,588 – $2,850	64	100.0%
Apr 2024	14	$2,725	$2,018 – $3,000	35	100.0%
Mar 2024	3	Not enough leases this month to report a median
Feb 2024	5	$2,250	$2,050 – $2,550	34	100.0%
Jan 2024	11	$2,950	$2,695 – $3,400	53	100.0%
Dec 2023	12	$2,450	$1,750 – $3,088	24	100.0%
Nov 2023	10	$2,600	$2,188 – $2,950	28	100.0%
Oct 2023	17	$2,900	$2,275 – $3,300	20	100.0%

1 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Peterborough

How much is rent in Peterborough?

The median lease in Peterborough closed at $2,274 a month over the 12 months to September 2026, across 272 leases.

Compiled by HOMEH from leases reported closed in Peterborough on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Questions, answered

Common questions about apartments & homes for rent in Peterborough

What is the average rent in Peterborough?

The median rent of the 65 rentals in Peterborough is $1,995/mo, from $675 to $3,650 a month.

Houses for rent in Peterborough

How much is a 1-bedroom apartment in Peterborough?

19 1-bedroom rentals are listed in Peterborough, with a median rent of $1,300/mo.

Condos for rent in Peterborough

How much is a 2-bedroom apartment in Peterborough?

19 2-bedroom rentals are listed in Peterborough, with a median rent of $1,850/mo.

Condos for rent in Peterborough

Keep looking

More Apartments & Homes for Rent in Peterborough

65 homes are for rent in Peterborough. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.