
Cheap Homes for Rent in Peterson, IA from $700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Peterson.


334 Center St

311 Hansen Ave

2428 E Meadowside Pl

729 Westridge Rd

727 Westridge Rd

404 W 1st St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

460 2nd St NW

1210 26th St

109 S Locust St

3526 Claude ave

509 West 1st Street, Unit 1

601 W 2ND ST, Unit A

317 S Cherokee St
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.

614 E 6th St

220 S Ontario St

2223 Douglas St

1637-8 1/2 8 1/2 Ave N

1815 Virginia St

3008 S Phillips Ave

1112 S 28th St
Cash 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.
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 | $1,078 | $750 | $1,700 |
| Peterson 3 Bedroom Homes for Rent | $1,653 | $1,195 | $2,295 |
| Peterson 4 Bedroom Homes for Rent | $2,120 | $1,000 | $3,350 |
| Peterson 5 Bedroom Homes for Rent | $3,444 | $2,888 | $4,000 |
| Peterson 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
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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 Country Side 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 |
|---|---|---|---|
| Country Side | 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 June 23, 2026 the best value apartment in the Peterson area is the $0.79 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,065. The second greatest value Peterson apartment is the 3 Bedroom 2 Bathroom Model at Valley Vue Apartments starting at $1,445 with a $1.19 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 | $0.79 |
| Valley Vue Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.19 |
| Ridge Oaks | Evergreen | 2BR,1.5BA | $1.08 |
| Fair View by Kading | Cottage - 2 | 2BR,1BA | $1.00 |
| Nobles Square Apartments | 2 Bedroom | 2BR,1BA | $1.09 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Cypress Pointe Apartments | 2 Bedroom | 2BR,1BA | $1.26 |
| Park View Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $1.26 |
| 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.
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!
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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 $1,995. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $700 to $4,000.
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 $700 to $4,000 with an average monthly rent of $1,837.
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 $1,125 to $1,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,585.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.