"Peso" received positive reviews from
music critics. Writing for
NME, Rebecca Schiller called the song "a dreamy psychedelic jam that, despite the drug references and gunshots, displays Rocky Harlem’s desire to move New York hip-hop out of clichésville." Martyn Young of
DIY also praised how it avoided clichés associated with hip-hop, opining: "It is easy to see why Rocky has caused so much excitement; offering a new, fresh and inventive take on hip-hop and eschewing the traditional rap clichés, he is hip-hop's most exciting new talent." Young complimented ASAP Ty Beats's production, noting its "beautifully hypnotic and almost psychedelic" qualities, comparing its sound to a combination of "experimental
electronica and thrilling rap". In a 2011 article,
The Guardian Paul Lester referred to it as ASAP Rocky's best song, writing that "Peso, with its avant-lounge
Jet Age of Tomorrow stylings and purple-drank slurred sludginess, is up there with the year's finest". ==Music video==