Cheap Homes for Rent in Peterson, MN from $800 (5 Rentals)

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

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 362 W 4th St

$1,030

Total Monthly Price

Total Monthly Price

Base Rent
$1,030

Total Monthly Price
$1,030

2 Bedroom, 1 Bath Condo for Rent

Available Now

362 W 4th St

WinonaMN55987

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.

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 Key Randall Apartments priced from $525. Key Broadway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $635. Here is today’s list of the most affordable Peterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Key Randall ApartmentsStudioStudio,1BA$525
Key Broadway ApartmentsGarden View1BR,1BA$635
The Hub on 6thStudioStudio,1BA$790

Best Value Apartments for Rent in Peterson, MN and Nearby

As of January 26, 2026 the best value apartment in the Peterson area is the $1.29 price per square foot 2 Beds, 1 bath Model at Madison Place in the starting from $1,800. The second greatest value Peterson apartment is the Three Bedroom/ One Bathroom Model at Scenic View Townhomes starting at $1,200 with a $0.92 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.
Madison Place2 Beds, 1 bath2BR,1BA$1.29
Scenic View TownhomesThree Bedroom/ One Bathroom3BR,1.5BA$0.92
Country Valley16x723BR,2BA$0.78
5th Ward Residences2 Bedroom | 2 Bath Corner2BR,2BA$1.28
Grand River Station2 Bedroom/ 1 Bathroom2BR,1BA$1.26
Washington Crossing1 Bedroom1BR,1BA$1.25
Fairway Woods ApartmentsOne Bedroom1BR,1BA$1.23
Riverview ApartmentsOne Bedroom1BR,1BA$1.41
Key Broadway ApartmentsGarden View1BR,1BA$1.06
The Hub on 6thStudioStudio ,1BA$1.46

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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 48 Apartments for Rent in Peterson, MN with pricing that ranges from $450 to $3,050. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $800 to $3,999.

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 $800 to $3,999 with an average monthly rent of $1,842.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.