Cheap Homes for Rent in Payne, OH from $700 (8 Rentals)

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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.

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.

Payne, OH Local Guide

Cheapest Available Payne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Payne, OH is a 1 Bed unit found at Villa Capri Apartments in the Continential Park neighborhood priced from $620. The Meridian (Waterloo Gardens) in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Payne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
The Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat2BR,1BA$650
The Huntington1 Bed, 1 bath1BR,1BA$665

Best Value Apartments for Rent in Payne, OH and Nearby

As of July 02, 2026 the best value apartment in the Payne area is the $0.87 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,834. The second greatest value Payne apartment is the Townhomes Model at Evard Place - Solar Powered starting at $2,000 with a $1.05 price per square foot in the Northeast 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$0.87
Evard Place - Solar PoweredTownhomes3BR,2.5BA$1.05
The Village at Wayne Trace Homes4 Bedroom | Renovated4BR,2BA$1.21
Z Place Village TownhomesZ Place Village3BR,2.5BA$1.27
Canterbury GreenQueen Elizabeth 3Bed 2.5Bath 1310sqft3BR,2.5BA$1.24
Partridge Place3 Bedroom Unit3BR,1.5BA$0.74
Emerald Square Villas2x1 Reno2BR,1BA$0.92
Fountain Lake Apartment HomesBuckingham2BR,1.5BA$1.03
St Joe Place2x22BR,2BA$0.80
Villa Capri ApartmentsPrato1BR,1BA$0.86

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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Real 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.

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Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Payne

What type of rentals are currently available in Payne?

There are currently 47 Apartments for Rent in Payne, OH with pricing that ranges from $585 to $2,787. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Payne ranging from $750 to $2,530.

What is the current price range for Rental Homes in Payne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Payne ranges from $750 to $2,530 with an average monthly rent of $1,610.

How much are larger Three and Four Bedroom Rentals in Payne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Payne range from $845 to $2,125, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,090. Four Bedroom Single-Family rentals are also available starting from $1,065 and Four Bedroom Apartments start at $585.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.

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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.