Cheap Apartments for Rent in Peterson, MN from $400 (13 Rentals)

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

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.

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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.

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Showing Results 1-13, Page 1 of 1

Peterson, MN Local Guide

Cheapest Available Peterson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peterson, MN is a Studio unit found at Collective on 4th in the Downtown La Crosse neighborhood priced from $452. Key Randall Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Peterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Collective on 4thStudioStudio,1BA$452
Key Randall ApartmentskeyrandallStudio,1BA$525
5th Ward ResidencesSTUDIOStudio,1BA$665
Lakeview Manor ApartmentsStudioStudio,1BA$725
The Hub on 6thStudioStudio,1BA$825

Best Value Apartments for Rent in Peterson, MN and Nearby

As of July 22, 2025 the best value apartment in the Peterson area is the $1.25 price per square foot 2 Beds/2 Baths Model at The Residences @ 1027 in the in the Downtown La Crosse neighborhood starting from $1,500. The second greatest value Peterson apartment is the 2 Bedroom/ 1 Bathroom Model at Grand River Station starting at $1,400 with a $1.21 price per square foot in the Downtown La Crosse neighborhood. 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.
The Residences @ 10272 Beds/2 Baths2BR,2BA$1.25
Grand River Station2 Bedroom/ 1 Bathroom2BR,1BA$1.21
Country Valley16x723BR,2BA$0.86
Garden Terrace Apartments3 Bdrm 60%3BR,2BA$0.94
Washington Crossing2 Bedroom2BR,1BA$1.11
WEDGEWOOD COMMONS3 Bed 2 Bath3BR,2BA$1.38
Fairway Woods ApartmentsTwo Bedroom2BR,1BA$1.13
Golfview Crossing ApartmentsOne Bedroom1BR,1BA$1.39
Riverview ApartmentsOne Bedroom1BR,1BA$1.44
Collective on 4thStudioStudio ,1BA$0.90

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Location, Location, Location!

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Getting Around Peterson, MN

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Peterson Apartments

What is the Cheapest Studio apartment in Peterson?

Currently the most affordable Cheap Studio Apartment in Peterson is at Collective on 4th listed at $452.

How much is rent for a Cheap One Bedroom Peterson Apartment?

The lowest price for a Cheap One Bedroom Peterson Apartment is $474 at Collective on 4th.

What is the lowest price for a Cheap Two Bedroom Peterson Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peterson is starting from $571 at Collective on 4th.

What is the most affordable Peterson Three Bedroom Apartment?

The best deal on a cheap Peterson Three Bedroom Apartment rental is at Collective on 4th and starts from $665.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.