Cheap Homes for Rent in Peterson, IA from $700 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Peterson.

property at 305 W Wenberg St

305 W Wenberg St

DunnellMN56127
property at 301 S Prairie St

301 S Prairie St

SherburnMN56171
property at 301 Luverne St.

301 Luverne St.

MagnoliaMN56158

Peterson, IA Local Guide

Cheapest Available Peterson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peterson, IA is a 2 Beds unit found at Rolfe 20-Unit priced from $500. Tallgrass Village Apartments & Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $655. Here is today’s list of the most affordable Peterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rolfe 20-Unit2 Bedroom2BR,1BA$500
Tallgrass Village Apartments & TownhomesStudio ApartmentStudio,1BA$655
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$665
Windcrest Village Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$670
Woodland Park - Holstein1 BR1BR,1BA$700

Best Value Apartments for Rent in Peterson, IA and Nearby

As of November 12, 2025 the best value apartment in the Peterson area is the $1.13 price per square foot 3 Bedroom 1 Bathroom Apartment Model at Deer Creek Apartments in the starting from $1,360. The second greatest value Peterson apartment is the 2 Bed, 2 Bath - Willow Model at Woodland Hills Townhomes starting at $1,495 with a $1.27 price per square foot . Here is today’s list of the best values for Peterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deer Creek Apartments3 Bedroom 1 Bathroom Apartment3BR,1BA$1.13
Woodland Hills Townhomes2 Bed, 2 Bath - Willow2BR,2BA$1.27
Valley Vue Apartments2 Bedroom 2 Bathroom2BR,2BA$1.26
Country Club Apartments2 Bed, 1 Bath2BR,1BA$1.24
Clifton Estates375.a1BR,1BA$1.08
Seneca Place Apartments2 Bedroom2BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Chambers2 bedroom2BR,1BA$1.07
Cypress Pointe Apartments2 Bedroom2BR,1BA$1.26
Rolfe 20-Unit2 Bedroom2BR,1BA$0.82

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Frequently Asked Questions about Peterson

What type of rentals are currently available in Peterson?

There are currently 53 Apartments for Rent in Peterson, IA with pricing that ranges from $655 to $3,687. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $715 to $2,500.

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 $715 to $2,500 with an average monthly rent of $1,325.

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 $1,105 to $3,687, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,498.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.