
Cheap Homes for Rent in Peterson, MN from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Peterson.


1132 Vine St
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.

921 6th St S

28 6th Ave SE
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.

1513 2nd St NE
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 | $1,515 | $995 | $2,200 |
| Peterson 3 Bedroom Homes for Rent | $1,843 | $1,395 | $2,695 |
| Peterson 4 Bedroom Homes for Rent | $2,516 | $2,050 | $4,300 |
| Peterson 5 Bedroom Homes for Rent | $3,066 | $2,100 | $3,900 |
Browse Top Homes for Rent in Peterson
Explore Peterson
Peterson, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakeview Manor Apartments | Studio | Studio,1BA | $800 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $815 |
| The Hub on 6th | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| McDonald Flats on King | 4 BD / 1 BA | 4BR,1BA | $1.30 |
| Madison Place | 2 Beds, 1 bath | 2BR,1BA | $1.29 |
| The Vine | 3 BR LARGER Rooms Apt 205/305 | 3BR,1BA | $0.55 |
| 1125-1135 State Street | 1135 State 3 BR | 3BR,1BA | $0.53 |
| Riverview Apartments | Two Bedroom | 2BR,1BA | $1.18 |
| Golfview Crossing Apartments | Two Bedroom | 2BR,1BA | $1.12 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.09 |
| Grand River Station | 2 Bedroom/ 1 Bathroom | 2BR,1BA | $1.37 |
| Fairway Woods Apartments | One Bedroom | 1BR,1BA | $1.27 |
| Roosevelt School Apartments | B1 | 2BR,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.
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!
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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

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.

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.

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.

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.