Cheap Apartments for Rent in Peterson, MN from $400 (31 Rentals)

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

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Key Randall Apartments
$525 - $575
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$525 - $575
Total Monthly Price
$525 - $575
Studio Apartments Contact Us For Availability

Key Randall Apartments

1258 Randall StWinona, MN 55987
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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.

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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.

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property at 302 Royal St

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

Studio, 1 Bath Condo for Rent

Available Jul 1

302 Royal St

OnalaskaWI54650
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Collective on 4th
Studio to 3 Bedroom Apartments

Collective on 4th

403 Jackson StLa crosse, WI 54601

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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property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

28 6th Ave SE

RochesterMN55904
property at 1513 2nd St NE

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

1513 2nd St NE

RochesterMN55906
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802 7th St
2 to 4 Bedroom Apartments

802 7th St

802 7th StLa crosse, WI 54601
Student Housing
Showing Results 1-31, 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 Lakeview Manor Apartments priced from $800. Clover Patch Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Peterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakeview Manor ApartmentsStudioStudio,1BA$800
Clover Patch ApartmentsOne Bedroom1BR,1BA$815
The Hub on 6thStudioStudio,1BA$850
5th Ward ResidencesSTUDIO w/AlcoveStudio,1BA$899
Gund Brewery Lofts1 Bedroom 1 Bathroom1BR,1BA$929
C & C ResidencesOri Shift StudioStudio,1BA$930
Elliott Arms ApartmentsDeluxe Corner StudioStudio,1BA$970
Fairway Woods ApartmentsOne Bedroom1BR,1BA$979
Golfview Crossing ApartmentsTwo Bedroom2BR,1BA$999
The Driftless Senior Apartments and Townhomes1 Bed 1 Bath (ages 55+) - 80% Income Limit1BR,1BA$1,095

Best Value Apartments for Rent in Peterson, MN and Nearby

As of June 22, 2026 the best value apartment in the Peterson area is the $1.30 price per square foot 4 BD / 1 BA Model at McDonald Flats on King in the in the Downtown La Crosse neighborhood starting from $1,950. The second greatest value Peterson apartment is the 2 Beds, 1 bath Model at Madison Place starting at $1,800 with a $1.29 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.
McDonald Flats on King4 BD / 1 BA4BR,1BA$1.30
Madison Place2 Beds, 1 bath2BR,1BA$1.29
The Vine3 BR LARGER Rooms Apt 205/3053BR,1BA$0.55
1125-1135 State Street1135 State 3 BR3BR,1BA$0.53
Riverview ApartmentsTwo Bedroom2BR,1BA$1.18
Golfview Crossing ApartmentsTwo Bedroom2BR,1BA$1.12
Gund Brewery Lofts1 Bedroom 1 Bathroom1BR,1BA$1.09
Grand River Station2 Bedroom/ 1 Bathroom2BR,1BA$1.37
Fairway Woods ApartmentsOne Bedroom1BR,1BA$1.27
Roosevelt School ApartmentsB12BR,1BA$1.44

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.

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Real 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.

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Quick Rent Budget Calculator

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Peterson, MN Rentals by Map

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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 $815 at Clover Patch 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 $999 at Golfview Crossing Apartments.

What is the most affordable Peterson Three Bedroom Apartment?

The best deal on a cheap Peterson Three Bedroom Apartment rental is at Fairway Woods Apartments and starts from $1,200.

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

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.