Peterhouse houses all its undergraduate students.  Room licences run for 29 weeks of the year split into 9 weeks in Michaelmas and 10 weeks in Lent and Easter, around the University's academic term dates.  Rents are inclusive of gas, electricity, internet, and insurance and vary based on room size and facilities.  Rents fall into the following bands:

Band 1: £955/term

Band 2: £1114/term

Band 3: £1209/term

Band 4: £1305/term

Band 5: £1400/term

Band 6: £1496/term

Band 7: £1591/term

Band 8: £1687/term

Band 9: £1782/term

Band 10: £1878/term

Band 11: £1973/term

Band 12: £2069/term

First-year students, or 'freshers', usually live in either the William Stone Building (en-suite), or in one of the houses on St Peter's Terrace (non-ensuite).