What are the monthly costs I should consider when renting in Peterborough?

When renting in Peterborough, consider these monthly costs: rent, utilities (water, electricity, gas) usually around $ 150 CAD, internet approximately $ 60 CAD, and renter's insurance, about $ 20 CAD. Always verify if some costs are included in your rent. Prices and fees can vary, so check local services for exact figures.

What are typical upfront fees and costs when renting in Peterborough?

Typical upfront costs when renting in Peterborough include the first and last month's rent, a security deposit (often half a month’s rent), and sometimes a key deposit, around $ 100 CAD. Application fees may apply but are less common. Ensure to confirm all possible fees with your landlord or property manager before signing a lease.

What is the typical lease agreement duration in city of Peterborough?

In the city of Peterborough, Canada, the typical lease agreement duration for residential properties tends to be one year. However, tenants may find options for more flexible lease terms including month-to-month agreements after the initial year. Always discuss and confirm lease durations and terms directly with landlords or property management to ensure they meet your needs.

Do I need to pay a security deposit when renting in city of Peterborough?

Yes, in Peterborough, Ontario, renters are often required to pay a security deposit, commonly equivalent to the last month's rent, at the beginning of their tenancy. This deposit is used as a safeguard for the landlord and must be used to cover the rent for the tenant's final month. Remember, it’s important to review your lease agreement for specific details.

How does the rental market in Peterborough compare to other regions in Canada?

Peterborough's rental market is more affordable compared to larger cities in Canada. For example, the average rent for a one-bedroom apartment is around $ 1,200 CAD in Peterborough, whereas in Toronto it’s approximately $ 2,230 CAD, and in Vancouver, around $ 2,080 CAD. However, cities like Winnipeg offer comparable prices to Peterborough, with an average rent of about $ 1,100 CAD for a similar apartment. Prices are based on current data as of 2023. - Toronto: http://www.numbeo.com/cost-of-living/in/Toronto - Vancouver: http://www.numbeo.com/cost-of-living/in/Vancouver - Winnipeg: http://www.numbeo.com/cost-of-living/in/Winnipeg

What is the process of renting a property in city of Peterborough?

To rent a property in Peterborough, Canada, begin by searching rental listings online on platforms like Kijiji or RentBoard. Next, arrange viewings with landlords or property management companies. Prepare necessary documents such as proof of income, references, and credit reports. After selection, read and understand the lease agreement thoroughly, sign it, and pay the required deposit and first month's rent. For listings, visit: http://www.kijiji.ca and http://www.rentboard.ca

Property for rent in Peterborough, Peterborough

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apartment at K9H3K4, Ontario, Canada

K9H3K4, Peterborough, Peterborough

1 bedroom
2 bathrooms
Apartment

Rent $/month unfurnished with 1 year lease, $/month furnished for a short term rental. Landlord requires 60 days notice of short term rental end date. (id:18653)

402 Property for rent in Peterborough, Peterborough listings are price checked

Listings from kijiji.ca, listanza.com and 8 more

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apartment at K9H3K4, Ontario, Canada

apartment at K9J0H9, Ontario, Canada

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