Rent report · Peterborough, Ontario · closed MLS® leases
Average Rent in Peterborough — November 2026 by Bedroom
The short answer
The median rent in Peterborough is $2,297 a month, based on 286 leases signed on the MLS® in the 12 months to November 2026 (average $2,332). A typical 1-bedroom leases for $1,567 and a 2-bedroom for $2,100. Over the last 90 days the median was $2,400 across 85 leases.
See Peterborough rentalsBy bedroom
Peterborough rent by bedroom
- Studio$1,750
- 1 bedroom$1,567
- 2 bedrooms$2,100
- 3 bedrooms$2,600
- 4+ bedrooms$3,400
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,750 | 11 |
| 1 bedroom | $1,567 | 54 |
| 2 bedrooms | $2,100 | 99 |
| 3 bedrooms | $2,600 | 76 |
| 4+ bedrooms | $3,400 | 46 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,750 | $1,667 | 11 | — | $1,873 | $2.57 |
| 1 bedroom | $1,567 | $1,637 | 54 | $1,300 | $1,550 | $2.58 |
| 2 bedrooms | $2,100 | $2,156 | 99 | $2,200 | $2,350 | $2.85 |
| 3 bedrooms | $2,600 | $2,645 | 76 | $2,800 | $2,413 | $2.32 |
| 4+ bedrooms | $3,400 | $3,169 | 46 | $3,300 | $3,200 | $1.57 |
| All rentals | $2,297 | $2,332 | 286 | $2,400 | $2,125 | $2.46 |
By property type
Peterborough rent by property type
- Condo apartment$2,350
- House (detached / semi)$2,725
- Basement apartment$1,899
- Townhouse$2,700
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $2,350 | 27 |
| House (detached / semi) | $2,725 | 138 |
| Basement apartment | $1,899 | 13 |
| Townhouse | $2,700 | 22 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,350 | $2,251 | 27 | $2,400 | — | $2.83 |
| House (detached / semi) | $2,725 | $2,709 | 138 | $2,800 | $2,750 | $2.27 |
| Basement apartment | $1,899 | $1,776 | 13 | — | — | $2.29 |
| Townhouse | $2,700 | $2,422 | 22 | $2,625 | — | $2.02 |
Trend
Peterborough median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,400 | 25 |
| Sep 2026 | $1,700 | 27 |
| Aug 2026 | $2,373 | 38 |
| Jul 2026 | $2,395 | 27 |
| Jun 2026 | $2,200 | 27 |
| May 2026 | $2,400 | 24 |
| Apr 2026 | $2,075 | 28 |
| Mar 2026 | $2,050 | 20 |
| Feb 2026 | $2,450 | 12 |
| Jan 2026 | $2,150 | 17 |
| Dec 2025 | $2,400 | 16 |
| Nov 2025 | $2,375 | 24 |
| Oct 2025 | $2,838 | 18 |
| Sep 2025 | $2,700 | 25 |
| Aug 2025 | $2,600 | 28 |
| Jul 2025 | $2,600 | 23 |
| Jun 2025 | $2,400 | 19 |
| May 2025 | $2,650 | 25 |
| Apr 2025 | $2,550 | 22 |
| Mar 2025 | $2,898 | 14 |
| Feb 2025 | $2,450 | 11 |
| Jan 2025 | $2,350 | 24 |
| Dec 2024 | $2,400 | 15 |
| Nov 2024 | $2,100 | 5 |
Neighbourhoods
Cheapest to most expensive Peterborough neighbourhoods to rent
- Town Ward 3$1,798
- Otonabee Ward 1$2,175
- North Central$2,200
- Ashburnham Ward 4$2,350
- Ashburnham$2,500
- Northcrest Ward 5$2,750
- Chemong$2,900
- Monaghan Ward 2$3,050
- Jackson Creek$3,400
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Neighbourhood | Rank | Median rent | Leases (12 mo) |
|---|---|---|---|
| Town Ward 3 | 1 | $1,798 | 84 |
| Otonabee Ward 1 | 2 | $2,175 | 44 |
| North Central | 3 | $2,200 | 13 |
| Ashburnham Ward 4 | 4 | $2,350 | 44 |
| Ashburnham | 5 | $2,500 | 15 |
| Northcrest Ward 5 | 6 | $2,750 | 47 |
| Chemong | 7 | $2,900 | 26 |
| Monaghan Ward 2 | 8 | $3,050 | 58 |
| Jackson Creek | 9 | $3,400 | 35 |
FAQ
Peterborough rent FAQs
What is the average rent in Peterborough?
In the 12 months to November 2026, 286 Peterborough rentals were leased through the MLS® at a median of $2,297 a month and an average of $2,332. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Peterborough?
The median 1-bedroom lease in Peterborough was $1,567 a month over the last 12 months (54 leases); 1-bedrooms listed for rent right now ask a median $1,550.
How much is a 2-bedroom rental in Peterborough?
A 2-bedroom in Peterborough leased for a median $2,100 a month over the last 12 months, across 99 leases.
Is it cheaper to rent a basement, condo or house in Peterborough?
Over the last 12 months the cheapest type was basement apartment at a median $1,899, and the most expensive was house (detached / semi) at $2,725. basement apartment $1,899, condo apartment $2,350, townhouse $2,700 and house (detached / semi) $2,725.
Are rents going up or down in Peterborough?
The median lease in Oct 2026 was $2,400, down 15.4% from $2,838 in Oct 2025. Monthly medians move with the mix of units leased, so read the 24-month trend rather than a single month.
What is the cheapest neighbourhood to rent in Peterborough?
Of the 9 Peterborough neighbourhoods with at least 10 leases in the last 12 months, Town Ward 3 had the lowest median rent at $1,798, and Jackson Creek the highest at $3,400.
Where do these rent figures come from?
They are medians and averages of closed leases recorded on the TRREB MLS® (the rent actually agreed, not the asking rent), refreshed November 2026. A figure is shown only when it covers at least 5 leases, so no single lease can be identified.
Sources & method
Where these rents come from.
- Rents are the monthly prices on leases that closed on the TRREB MLS® (status Leased), not asking rents, except the "Median asking now" column, which covers rentals listed today.
- The 12-month window runs to the data refresh date; the 90-day column covers the most recent 90 days. The trend shows complete calendar months only.
- Bedrooms are the above-grade bedroom count on the listing, so a 1-bedroom plus den counts as a 1-bedroom. Studios are listings with no bedrooms.
- Basement apartments are lower-level units or units numbered as a basement; houses are detached and semi-detached homes leased whole; townhouses include condo townhouses.
- Rents under $300 or over $50,000 a month are treated as data errors and excluded. Rent per square foot uses leases with an exact floor area only.
- Every figure covers at least 5 leases, so no individual lease can be identified. This page is indexed only when the city has at least 50 leases in 12 months.
Source: TRREB MLS® data, compiled by Summitly.
