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May 2026 · Peterborough
Average Rent in Peterborough — May 2026
19 confirmed residential leases in Peterborough in May 2026. Average rent $2,437/month. Mixed conditions across property types.
Avg Lease Price $2,437/mo
Median Lease $2,600/mo
Avg Asking $2,484/mo
Lease / Ask 98.1%
Leased Over Asking 0%
Avg DOM 36 days
Previous Months
Total Leased
19
all residential
Avg Lease Price
$2,437
per month
Median Lease
$2,600
mid-point
Lease / Ask
98.1%
avg ratio
Over Asking
0%
of all leases
Avg DOM
36
days on market
Lease Prices by Property Type
Peterborough · May 2026
💰 Lease Price Summary
Average Lease $2,437/mo
Median Lease $2,600/mo
Avg Asking Rent $2,484/mo
Lowest Lease $1,450
Highest Lease $3,200
Lease / Ask Ratio 98.1%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 52.6%
Leased under asking 47.4%
Avg Days on Market 36 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 47.4% under asking.
🏢
No condo data for May 2026
Not enough condo lease transactions in
Peterborough this month to generate a summary.
💰 Lease Price Summary
Average Lease $2,599/mo
Median Lease $2,800/mo
Avg Asking Rent $2,649/mo
Lowest Lease $1,450
Highest Lease $3,200
Lease / Ask Ratio 98.1%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 53.8%
Leased under asking 46.2%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 46.2% under asking.
💰 Lease Price Summary
Average Lease $2,850/mo
Median Lease $2,850/mo
Avg Asking Rent $2,850/mo
Lowest Lease $2,850
Highest Lease $2,850
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $1,932/mo
Median Lease $1,999/mo
Avg Asking Rent $1,982/mo
Lowest Lease $1,450
Highest Lease $2,200
Lease / Ask Ratio 97.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 40.0%
Leased under asking 60.0%
Avg Days on Market 32 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 60% leased below asking. Avg 32 days on market.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Selwyn | $850 | $850 | 100.0% | 29d | ⚖️ Balanced |
| Trent Hills | $2,800 | $2,800 | 100.0% | 18d | ⚖️ Balanced |
Frequently Asked Questions
Peterborough · May 2026
The average confirmed lease in Peterborough was $2,437/month in May 2026,
based on 19 MLS® transactions. The median was
$2,600/month.
Units in Peterborough took an average of 36 days to lease in May 2026.
Peterborough averaged $2,437/month in May 2026. Trent Hills averaged $2,800/mo. Selwyn averaged $850/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Peterborough?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Peterborough, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
