Cheap Homes for Rent in Peterson, MN from $600 (5 Rentals)

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

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

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.

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

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.

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

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

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

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.

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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 51 Apartments for Rent in Peterson, MN with pricing that ranges from $450 to $3,050. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $675 to $4,300.

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 $675 to $4,300 with an average monthly rent of $1,808.

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 $775 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,695. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,950.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.