Cheap Apartments for Rent in Payne, OH from $500 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Payne.

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.

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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.

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Apple Glen
1 to 3 Bedroom Apartments

Apple Glen

1116 Kear RdVan Wert, OH 45891
  • Utilities Included

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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Blackhawk Apartments
1 to 3 Bedroom Apartments

Blackhawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing

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.

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Payne, OH Local Guide

Cheapest Available Payne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Payne, OH is a Studio unit found at Emerald Square Villas in the Southeast Fort Wayne neighborhood priced from $569. Villa Capri Apartments in the Continential Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $620. Here is today’s list of the most affordable Payne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Emerald Square VillasStudio Hickory MillStudio,1BA$569
Villa Capri ApartmentsPrato1BR,1BA$620
Partridge Place1 Bedroom Unit1BR,1BA$625
The Huntington1 Bed, 1 bath1BR,1BA$665
Shoaff Park VillasStudio, 1 bathStudio,1BA$695
Fountain Lake Apartment HomesRoselleStudio,1BA$735
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$755
Apple Glen2 Bedroom Unit2BR,1BA$769
Graystone ApartmentsGraystone Apartments 1bed studio1BR,1BA$790

Best Value Apartments for Rent in Payne, OH and Nearby

As of December 10, 2025 the best value apartment in the Payne area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. The second greatest value Payne apartment is the 2 Bedroom | Renovated Model at The Village at Wayne Trace Homes starting at $1,625 with a $1.22 price per square foot in the Southeast Fort Wayne neighborhood. Here is today’s list of the best values for Payne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
The Village at Wayne Trace Homes2 Bedroom | Renovated2BR,2BA$1.22
Windsor OaksThe Cedar1BR,1BA$1.26
Apple Glen2 Bedroom Unit2BR,1BA$0.89
St Joe Place2x22BR,2BA$0.76
CANTERBURY GREENWestgate1BR,1BA$1.21
Villa Capri ApartmentsPrato1BR,1BA$0.86
Partridge Place1 Bedroom Unit1BR,1BA$0.95
Stratford Place ApartmentsYour New Home Awaits — One Month FREE at Stratf...1BR,1BA$1.29
The Huntington1 Bed, 1 bath1BR,1BA$1.28

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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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!

Explore Payne, OH Rentals by Map

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Getting Around Payne, OH

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Payne Apartments

What is the Cheapest Studio apartment in Payne?

Currently the most affordable Cheap Studio Apartment in Payne is at Emerald Square Villas listed at $569.

How much is rent for a Cheap One Bedroom Payne Apartment?

The lowest price for a Cheap One Bedroom Payne Apartment is $620 at Villa Capri Apartments.

What is the lowest price for a Cheap Two Bedroom Payne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Payne is starting from $725 at The Huntington.

What is the most affordable Payne Three Bedroom Apartment?

The best deal on a cheap Payne Three Bedroom Apartment rental is at The Huntington and starts from $845.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.