The Impact of Fleming College & Trent University on Peterborough’s Rental Market

Peterborough, Ontario, has long been recognized as a vibrant and growing community — one that’s deeply connected to its post-secondary institutions. With both Fleming College and Trent University attracting thousands of students each year, the Peterborough rental market continues to be shaped by the academic calendar, student demand, and local development trends.

Student Demand Driving Rental Growth

Every September, an influx of students moves to Peterborough, creating a predictable surge in demand for housing. Between Trent University’s expanding enrollment and Fleming College’s diverse programs, landlords often experience near-full occupancy rates during the school year.

In recent years, student population growth — especially from international students — has placed additional pressure on the Peterborough student housing market. Many students seek off-campus rentals, ranging from single rooms in shared homes to one-bedroom apartments close to bus routes and campus. As a result, rental prices in Peterborough have seen steady increases, particularly in areas surrounding Trent University’s Water Street campus and Fleming College’s Brealey Drive campus.

Neighborhoods Popular with Students

Several neighborhoods have become hotspots for student renters. The North End, Downtown Peterborough, and the Kawartha Heights area near Fleming College are among the most sought-after. Landlords in these areas often find opportunities to attract long-term tenants year after year due to consistent demand.

For investors and landlords, these areas represent strong potential for stable rental income — but they also come with unique challenges, such as managing shared accommodations and balancing student needs with community expectations.

Balancing Supply, Affordability & Community Impact

While student demand brings economic benefits, it also creates challenges for affordability. Local renters who aren’t students often face competition for available units, pushing up prices across the city. The City of Peterborough and various community organizations have been exploring solutions to increase housing supply while maintaining neighborhood harmony.

For landlords, understanding these trends is essential. Staying informed about local zoning changes, rental bylaws, and tenant regulations helps ensure compliance and long-term success in a market influenced by both education and population growth.

Looking Ahead

As both Trent University and Fleming College continue to grow, so too will their impact on Peterborough’s rental landscape. This creates opportunities for landlords who adapt — offering well-maintained, student-friendly housing and maintaining good communication with tenants. The demand for quality, affordable housing isn’t slowing down anytime soon, and proactive landlords can thrive by staying engaged with the local community and each other.

Are you a local landlord looking for resources, tips, or to network with other Peterborough landlords? Learn more about the Peterborough Landlords Association (PLA), our membership, and how we support local property owners here: www.ptbolandlords.ca