East of England
Average rent in Peterborough (2026)
The average 1-bed rent in Peterborough is £810 a month, and a 2-bed is £1,020.
That is 27% below the UK average 1-bed rent of £1,115 and makes Peterborough the 55th most expensive of the 109 cities and towns we track.
- 1-bed average
- £810
- Per week
- £187
- UK rank
- 55th of 109
- Take-home needed (30%)
- £2,700
Rent in Peterborough by bedrooms
| Property | Per month | Per week |
|---|---|---|
| 1 bedroom | £810 | £187 |
| 2 bedrooms | £1,020 | £235 |
| 3 bedrooms | £1,165 | £269 |
Indicative 2026/27 averages. Rents vary by neighbourhood, property condition and EPC rating. Use the rental value calculator to estimate a specific property.
What salary do you need to rent in Peterborough?
Monthly take-home pay you need so that the average rent stays within each share of your income. The usual guideline is no more than 30%.
| Property | Comfortable (28%) | Guideline (30%) | Stretch (35%) | Minimum (40%) |
|---|---|---|---|---|
| 1-bed (£810) | £2,893 | £2,700 | £2,315 | £2,025 |
| 2-bed (£1,020) | £3,643 | £3,400 | £2,915 | £2,550 |
Many letting agents also ask for a gross annual income of around 30 times the monthly rent, which for a 1-bed here is about £24,300 a year. This is an agent referencing rule, separate from your own budget. Not sure what your take-home is? Work it out here.
Peterborough compared with the rest of East of England
Across the 8 places we track in East of England, 1-bed rents run from £675 in King's Lynn to £1,395 in Cambridge. The middle value is £833, and Peterborough is 6th most expensive in the region.
| Place | 1-bed | 2-bed |
|---|---|---|
| Cambridge | £1,395 | £1,745 |
| Chelmsford | £990 | £1,235 |
| Southend-on-Sea | £900 | £1,150 |
| Colchester | £855 | £1,065 |
| Peterborough (this page) | £810 | £1,020 |
| Norwich | £810 | £1,020 |
| Ipswich | £765 | £935 |
| King's Lynn | £675 | £850 |
Places with similar rents
If you are weighing up where to live, these places have a 1-bed rent closest to Peterborough. The cheapest place we track is Hartlepool at £540.
- Aberdeen£810
- Coventry£810
- Gloucester£810
- Jesmond£810
- Livingston£810
- Norwich£810
Renting in Peterborough: common questions
What is the average rent in Peterborough?
In 2026/27 the indicative average rent in Peterborough is £810 a month for a 1-bedroom property and £1,020 a month for a 2-bedroom property, and £1,165 for a 3-bedroom property. That makes Peterborough the 55th most expensive of the 109 UK cities and towns we track.
How much do I need to earn to rent a 1-bed in Peterborough?
To keep a £810 rent at the 30% guideline you need monthly take-home pay of about £2,700. For a more comfortable 28% share it is £2,893, and the absolute minimum at 40% is £2,025.
Is Peterborough cheaper than London?
Yes. A 1-bed in Peterborough averages £810 a month against £1,890 in London, a difference of £1,080 a month.
How much is weekly rent in Peterborough?
A 1-bed at £810 a month works out at roughly £187 a week, or £9,720 a year. A 2-bed at £1,020 a month is roughly £235 a week.
How does Peterborough compare with the rest of East of England?
Across the 8 places we track in East of England, 1-bed rents range from £675 in King's Lynn to £1,395 in Cambridge, with a middle value of £833. Peterborough is 6th most expensive in the region.
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Figures are indicative averages for 2026/27, rounded for planning, and are for information only. They are not financial, legal or housing advice. See our methodology for how the figures are produced. Last reviewed October 2026.