
Cheap Apartments for Rent near Peterson, MN from $450 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterson.


Total Monthly Price
Haven on Main

Total Monthly Price
Key Broadway Apartments

Total Monthly Price
Whitewater Way Apartments

WEDGEWOOD COMMONS

Total Monthly Price
Fairway Woods Apartments

Total Monthly Price
Lakeview Manor Apartments

McDonald Flats on King

The Hub on 6th
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.

Great River Residences

Total Monthly Price
Country Valley

5th Ward Residences

Gund Brewery Lofts

C & C Residences

Total Monthly Price
Golfview Crossing Apartments

The Driftless Senior Apartments and Townhomes

Garden Terrace Apartments

Riverview Apartments
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.

Elliott Arms Apartments

The Residences at Market Square

Total Monthly Price
Scenic View Townhomes

Roosevelt School Apartments

Grand River Station

River's Edge Apartments

Total Monthly Price
Madison Place

The Millennial

Total Monthly Price
Washington Crossing
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Total Monthly Price
The Exchange

207 W 6th St

201 W 6th St

311 Washington St

211 W 6th St

Clover Patch Apartments

Collective on 4th

451 W 8th St

19714 Kneeland Ave
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.

802 7th St

303 Rose St
Peterson, MN Local Guide

How much does it cost to rent an apartment in Peterson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterson Studio Apartments | $910 | $580 | $1,300 |
| Peterson 1 Bedroom Apartments | $1,183 | $450 | $2,400 |
| Peterson 2 Bedroom Apartments | $1,350 | $795 | $3,050 |
| Peterson 3 Bedroom Apartments | $1,633 | $825 | $2,700 |
| Peterson 4 Bedroom Apartments | $2,323 | $1,950 | $2,640 |
Browse Top Apartments in Peterson
See all Apartments in PetersonExplore Peterson
Peterson, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Peterson Apartments for Rent and Nearby
 The cheapest available apartment rental in Peterson, MN is a 1 Bed unit found at Whitewater Way Apartments priced from $695. Lakeview Manor Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Peterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whitewater Way Apartments | 1-Bedroom/1-Bathroom | 1BR, 1BA | $695 |
| Lakeview Manor Apartments | Studio | Studio, 1BA | $800 |
| The Hub on 6th | Studio | Studio, 1BA | $850 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR, 1BA | $920 |
| C & C Residences | Ori Shift Studio | Studio, 1BA | $930 |
| Great River Residences | 400 Court St Studio ADA | Studio, 1BA | $945 |
| Golfview Crossing Apartments | One Bedroom | 1BR, 1BA | $949 |
| Garden Terrace Apartments | 2 Bdrm 50% | 2BR, 1BA | $965 |
| Elliott Arms Apartments | One Bedroom (Includes Heat) | 1BR, 1BA | $995 |
| The Residences at Market Square | 1 Bed 1 Bath Sr | 1BR, 1BA | $999 |
Best Value Apartments for Rent in Peterson, MN and Nearby
As of September 23, 2026 the best value apartment in the Peterson area is the $0.91 price per square foot Two Bedroom/One & Half Bathroom Model at Scenic View Townhomes starting from $1,088. The second greatest value Peterson apartment is the 3 Bed 2 Bath Model at WEDGEWOOD COMMONS in the Downtown La Crosse neighborhood starting at $1,199 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. |
|---|---|---|---|
| Scenic View Townhomes | Two Bedroom/One & Half Bathroom | 2BR, 1.5BA | $0.91 |
| WEDGEWOOD COMMONS | 3 Bed 2 Bath | 3BR, 2BA | $1.19 |
| Fairway Woods Apartments | Two Bedroom | 2BR, 1BA | $1.16 |
| Roosevelt School Apartments | A1 | 1BR, 1BA | $1.29 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR, 1BA | $1.08 |
| Michael Heights | 420-414 | 2BR, 1BA | $1.43 |
| The Millennial | 2-Bedroom in Main Building | 2BR, 1.5BA | $1.60 |
| The Residences at Market Square | 1 Bed 1 Bath Jr | 1BR, 1BA | $1.42 |
| Whitewater Way Apartments | 1-Bedroom/1-Bathroom | 1BR, 1BA | $1.17 |
| The Hub on 6th | Studio | Studio, 1BA | $1.57 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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!
Explore Peterson, MN Rentals by Map
See the most popular apartments and homes in Peterson, MN
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 Lakeview Manor Apartments listed at $800.
How much is rent for a Cheap One Bedroom Peterson Apartment?
The lowest price for a Cheap One Bedroom Peterson Apartment is $695 at Whitewater Way Apartments.
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 $730 at Whitewater Way Apartments.
What is the most affordable Peterson Three Bedroom Apartment?
The best deal on a cheap Peterson Three Bedroom Apartment rental is at WEDGEWOOD COMMONS and starts from $1,199.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.