
Cheap Homes for Rent in Peterson, MN from $500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Peterson.


1111 Gohres St
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.

921 6th St S

912 Redfield St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Peterson, MN Local Guide

How much does it cost to rent a home in Peterson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peterson 2 Bedroom Homes for Rent | $1,519 | $1,050 | $2,300 |
Peterson 3 Bedroom Homes for Rent | $1,909 | $1,295 | $3,500 |
Peterson 4 Bedroom Homes for Rent | $2,265 | $1,925 | $2,650 |
Peterson 5 Bedroom Homes for Rent | $1,861 | $500 | $3,000 |
Browse Top Homes for Rent in Peterson
Explore Peterson
Peterson, MN Local Guide
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Best Value Apartments for Rent in Peterson, MN and Nearby
As of May 30, 2025 the best value apartment in the Peterson area is the $0.86 price per square foot 16x80 Model at Country Valley in the starting from $1,095. The second greatest value Peterson apartment is the Two Bedroom Model at Riverview Apartments starting at $1,150 with a $1.15 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. |
---|---|---|---|
Country Valley | 16x80 | 3BR,2BA | $0.86 |
Riverview Apartments | Two Bedroom | 2BR,1BA | $1.15 |
Fairway Woods Apartments | One Bedroom | 1BR,1BA | $1.23 |
River's Edge Apartments | 401-302 | 1BR,1BA | $1.59 |
The Driftless Apartments | 1 Bed 1 Bath (ages 55+) - 80% Income Limit | 1BR,1BA | $1.30 |
Golfview Crossing Apartments | One Bedroom | 1BR,1BA | $1.34 |
Washington Crossing | 1 Bedroom | 1BR,1BA | $1.59 |
Collective on 4th | Studio | Studio ,1BA | $0.90 |
5th Ward Residences | STUDIO ADA | Studio ,1BA | $1.60 |
Lakeview Manor Apartments | Studio | Studio ,1BA | $1.61 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Peterson
What type of rentals are currently available in Peterson?
There are currently 39 Apartments for Rent in Peterson, MN with pricing that ranges from $400 to $2,849. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson ranging from $500 to $3,500.
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 $500 to $3,500 with an average monthly rent of $1,780.
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.

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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.