Cheap Apartments for Rent in Paynesville, MN from $300 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Paynesville.

Sterling Manor Apartments
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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.
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.
Paynesville, MN Local Guide

How much does it cost to rent an apartment in Paynesville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Paynesville Studio Apartments | $971 | $691 | $1,125 |
Paynesville 1 Bedroom Apartments | $1,129 | $718 | $1,555 |
Paynesville 2 Bedroom Apartments | $1,295 | $838 | $2,700 |
Paynesville 3 Bedroom Apartments | $1,535 | $1,015 | $1,895 |
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Paynesville, MN Local Guide
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Cheapest Available Paynesville Apartments for Rent and Nearby
 The cheapest available apartment rental in Paynesville, MN is a Studio unit found at Sterling Manor Apartments priced from $691. Oak Ridge Manor Senior 62+ Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $718. Here is today’s list of the most affordable Paynesville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Sterling Manor Apartments | Studio | Studio,1BA | $691 |
Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $718 |
1505 Becker Ave SE | 1 bed 1 bath | 1BR,1BA | $825 |
Best Value Apartments for Rent in Paynesville, MN and Nearby
As of September 15, 2025 the best value apartment in the Paynesville area is the $1.37 price per square foot Willow Model at Boulder Ridge Apartment Homes in the starting from $1,488. The second greatest value Paynesville apartment is the 2 Bedroom 2 Bath Model at Birch Spring Apartment Homes starting at $1,395 with a $1.36 price per square foot . Here is today’s list of the best values for Paynesville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Boulder Ridge Apartment Homes | Willow | 3BR,1BA | $1.37 |
Birch Spring Apartment Homes | 2 Bedroom 2 Bath | 2BR,2BA | $1.36 |
Community Park Apartment Homes | Two Bed Two Bath | 2BR,2BA | $1.38 |
Suncrest Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $0.98 |
Gatewood | Lily | 2BR,1BA | $1.31 |
Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $0.96 |
1505 Becker Ave SE | 2 bed 1 bath | 2BR,1BA | $1.32 |
1517 Becker Ave SE | 2 bed 1 bath | 2BR,1BA | $1.32 |
Somerset Properties | One Bedroom + Den - By The Lake | 1BR,1BA | $1.49 |
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Best Local Schools in Paynesville, MN
Paynesville Elementary
Paynesville Area High School
School data provided by Great Schools
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Getting Around Paynesville, MN
Walk Score®
24 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
33 / 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 Paynesville Apartments
How much is rent for a Cheap One Bedroom Paynesville Apartment?
The lowest price for a Cheap One Bedroom Paynesville Apartment is $718 at Oak Ridge Manor Senior 62+ Apartments.
What is the lowest price for a Cheap Two Bedroom Paynesville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Paynesville is starting from $838 at Oak Ridge Manor Senior 62+ Apartments.
What is the most affordable Paynesville Three Bedroom Apartment?
The best deal on a cheap Paynesville Three Bedroom Apartment rental is at Westwood Village and starts from $1,015.
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 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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.