
Cheap Homes for Rent in Peterson, IA from $700 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Peterson.


621 4th St

1300 E 6th St

404 Main St

122 E Pleasant St

38897 660th Ave

741 Westridge Rd
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

729 11th Ave, Unit 729

846 S 24th St

2026 2nd Ave N

206 N Maple St

304 Harvest Trl

714 N 22nd St

1815 Virginia St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1817 Virginia St

2815 Edmunds Ave

2801 3rd St

419 S Bartlett St

2619 10th St

2702 S Lakeport St

3115 2nd St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

3005 E 20th St

1010 E 3rd St
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 | $1,448 | $825 | $2,100 |
| Peterson 3 Bedroom Homes for Rent | $1,730 | $800 | $2,900 |
| Peterson 4 Bedroom Homes for Rent | $2,947 | $2,395 | $3,500 |
| Peterson 5 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
Browse Top Homes for Rent in Peterson
Explore Peterson
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 Rolfe 20-Unit priced from $495. Country Side has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Peterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rolfe 20-Unit | 1 Bedroom | 1BR,1BA | $495 |
| Country Side | 1 Bedroom | 1BR,1BA | $525 |
| Deer Creek Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $625 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $701 |
| Park View Apartments | 1 Bed/ 1 Bath | 1BR,1BA | $725 |
Best Value Apartments for Rent in Peterson, IA and Nearby
As of March 24, 2026 the best value apartment in the Peterson area is the $0.75 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,015. The second greatest value Peterson apartment is the 3 Bedroom 1 Bathroom Apartment Model at Deer Creek Apartments starting at $1,395 with a $1.16 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. |
|---|---|---|---|
| Eagle Ridge Townhomes | Three Bedroom | 3BR,1.5BA | $0.75 |
| Deer Creek Apartments | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1.16 |
| Ridge Oaks | Evergreen | 2BR,1.5BA | $1.08 |
| Indian Hills | Fern | 2BR,2BA | $1.19 |
| Ashley Estates | 2 Bedroom | 2BR,2BA | $1.11 |
| Clifton Estates | 375.f | 1BR,1BA | $1.08 |
| Seneca Place Apartments | 2 Bedroom | 2BR,1BA | $1.12 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Chambers | 2 bedroom | 2BR,1BA | $1.14 |
| Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.97 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peterson, IA Rentals by Map
See the most popular apartments and homes in Peterson, IA
Frequently Asked Questions about Peterson
What type of rentals are currently available in Peterson?
There are currently 61 Apartments for Rent in Peterson, IA with pricing that ranges from $625 to $1,920. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $725 to $3,500.
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 $725 to $3,500 with an average monthly rent of $1,749.
How much are larger Three and Four Bedroom Rentals in Peterson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peterson range from $965 to $1,920, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $1,600.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.