
Cheap Homes for Rent near Peterson, IA from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Peterson.


509 S Railroad Ave

335 Elm St

334 Center St

1109 Central Ave

105 3rd St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

112 E Court St

270 US-59

1801 19th St

527 S 15th St

601 W 2ND ST, Unit A

509 West 1st Street, Unit 1
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Peterson, IA Local Guide

How much does it cost to rent a home in Peterson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterson 2 Bedroom Homes for Rent | $1,086 | $825 | $1,349 |
| Peterson 3 Bedroom Homes for Rent | $1,851 | $800 | $2,900 |
| Peterson 4 Bedroom Homes for Rent | $2,048 | $1,600 | $2,400 |
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Peterson, IA Local Guide
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Cheapest Available Peterson Apartments for Rent and Nearby
 The cheapest available apartment rental in Peterson, IA is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. Rolfe 20-Unit has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Peterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $425 |
| Rolfe 20-Unit | 1 Bedroom | 1BR,1BA | $495 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $701 |
| Sunshine Apartments | 1 Bedroom and 1 bathroom | 1BR,1BA | $725 |
| Woodland Park - Manson | 1 BR | 1BR,1BA | $725 |
Best Value Apartments for Rent in Peterson, IA and Nearby
As of August 08, 2026 the best value apartment in the Peterson area is the $1.14 price per square foot 3 Bed 2 Bath Townhome Model at Tallgrass Village in the starting from $1,660. The second greatest value Peterson apartment is the 3 Bedroom 2 Bathroom Model at Valley Vue Apartments starting at $1,394 with a $1.14 price per square foot . Here is today’s list of the best values for Peterson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tallgrass Village | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.14 |
| Valley Vue Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.14 |
| Ridge Oaks | Evergreen | 2BR,1.5BA | $1.04 |
| East High Lofts | B3 | 2BR,1BA | $1.23 |
| Fair View by Kading | Cottage - 2 | 2BR,1BA | $1.00 |
| Nobles Square Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| Seneca Place Apartments | 2 Bedroom | 2BR,1BA | $1.12 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.97 |
| Sunshine Apartments | 1 Bedroom and 1 bathroom | 1BR,1BA | $1.21 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Frequently Asked Questions about Peterson
What type of rentals are currently available in Peterson?
There are currently 63 Apartments for Rent in Peterson, IA with pricing that ranges from $725 to $1,990. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $650 to $2,900.
What is the current price range for Rental Homes in Peterson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peterson ranges from $650 to $2,900 with an average monthly rent of $1,478.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.