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May 2025 · Peterborough
Average Rent in Peterborough — May 2025
23 confirmed residential leases in Peterborough in May 2025. Average rent $2,490/month. Mixed conditions across property types.
Avg Lease Price $2,490/mo
Median Lease $2,650/mo
Avg Asking $2,512/mo
Lease / Ask 99.2%
Leased Over Asking 8.7%
Avg DOM 71 days
Total Leased
23
all residential
Avg Lease Price
$2,490
per month
Median Lease
$2,650
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
8.7%
of all leases
Avg DOM
71
days on market
Lease Prices by Property Type
Peterborough · May 2025
💰 Lease Price Summary
Average Lease $2,490/mo
Median Lease $2,650/mo
Avg Asking Rent $2,512/mo
Lowest Lease $1,195
Highest Lease $3,795
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 8.7%
Leased at asking 78.3%
Leased under asking 13.0%
Avg Days on Market 71 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.7% over vs 13% under asking.
💰 Lease Price Summary
Average Lease $2,700/mo
Median Lease $2,700/mo
Avg Asking Rent $2,700/mo
Lowest Lease $2,700
Highest Lease $2,700
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 7 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,816/mo
Median Lease $2,775/mo
Avg Asking Rent $2,841/mo
Lowest Lease $1,995
Highest Lease $3,795
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 78.6%
Leased under asking 7.1%
Avg Days on Market 64 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 7.1% under asking.
💰 Lease Price Summary
Average Lease $2,683/mo
Median Lease $2,700/mo
Avg Asking Rent $2,683/mo
Lowest Lease $2,650
Highest Lease $2,700
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 27 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $1,632/mo
Median Lease $1,625/mo
Avg Asking Rent $1,658/mo
Lowest Lease $1,195
Highest Lease $2,300
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 66.7%
Leased under asking 33.3%
Avg Days on Market 109 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 33.3% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Otonabee South Monaghan | $3,600 | $3,600 | 90.0% | 72d | 🧊 Renter-Friendly |
| Douro Dummer | $2,900 | $2,900 | 96.7% | 72d | 🧊 Renter-Friendly |
| Trent Hills | $2,250 | $2,250 | 100.0% | 13d | ⚖️ Balanced |
Frequently Asked Questions
Peterborough · May 2025
The average confirmed lease in Peterborough was $2,490/month in May 2025,
based on 23 MLS® transactions. The median was
$2,650/month.
Condos averaged $2,700/mo, freehold averaged $2,816/mo, and townhouses averaged $2,683/mo.
Units in Peterborough took an average of 71 days to lease in May 2025.
Freehold rentals averaged 64 days while condos averaged 7 days.
In May 2025, condos averaged $2,700/month while freehold rentals averaged $2,816/month —
a difference of $116/month.
Peterborough averaged $2,490/month in May 2025. Douro Dummer averaged $2,900/mo. Trent Hills averaged $2,250/mo. See the full May 2025 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.
