
Cheap Apartments for Rent in Paynesville, MN from $300 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Paynesville.


815 5th Ave S

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Suite Liv'N - Willmar

Westfield Apartments

Oak Place Apartments

Cardinal Manor Apartments

St. Anthony's Manor

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Clover Hill Apartments

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Somerset Properties
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.

Suncrest Apartments

Westwood Village

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Parkview Apartments

Graceview Estates

Edgeview Apartments

The Oaks on 20th

134 Crossing

Riverview Lofts

Boulder Ridge Apartment Homes
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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Valleyside Townhomes

Sterling Manor Apartments

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Birch Spring Apartment Homes

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The Preserve on 24th

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Gatewood

Prosper West

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Block 25 Lofts

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Wobegon Crossings

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Joetown Apartment Homes
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.

Savanna Apartments

Granite Landing

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Midtown Lofts - NOW OPEN!

330 4th St SW

Grove Heights Townhomes

Lake Place II

Lake Ripley Apartments

Spicer B Apartments

Oak Ridge Manor Senior 62+ Apartments
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.

Nyberg Apartments 55+

Suite Liv'n on 15th NW

512 Maple Ln

313 5th St S

519 14th St S

1505 Becker Ave SE

Pioneer Pointe

505 15th Ave SW

Meadowlark Apartments
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.

255 6th Ave NE

1301 24th St NW

604 White St SW
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 | $1,027 | $745 | $1,175 |
| Paynesville 1 Bedroom Apartments | $1,123 | $765 | $1,605 |
| Paynesville 2 Bedroom Apartments | $1,375 | $825 | $2,700 |
| Paynesville 3 Bedroom Apartments | $1,533 | $1,060 | $1,860 |
Browse Top Apartments in Paynesville
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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 Suite Liv'N - Willmar priced from $745. Westfield Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here is today’s list of the most affordable Paynesville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
| Cardinal Manor Apartments | One Bedroom - Handicap Accessible | 1BR,1BA | $775 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $900 |
| Somerset Properties | Two Bedroom A - Ridge | 2BR,1BA | $900 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| 1505 Becker Ave SE | 2 bed 1 bath | 2BR,1BA | $925 |
| 505 15th Ave SW | 2 bed 1 bath | 2BR,1BA | $975 |
| Edgeview Apartments | 1031 - 1BR/1BA | 1BR,1BA | $995 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Paynesville, MN and Nearby
As of June 06, 2026 the best value apartment in the Paynesville area is the $1.20 price per square foot Three Bedroom A - By The Lake Model at Somerset Properties in the starting from $1,350. The second greatest value Paynesville apartment is the D Model at Savanna Apartments starting at $1,170 with a $1.19 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. |
|---|---|---|---|
| Somerset Properties | Three Bedroom A - By The Lake | 3BR,2BA | $1.20 |
| Savanna Apartments | D | 2BR,1BA | $1.19 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Sterling Manor Apartments | Large 1 Bedroom | 1BR,1BA | $1.27 |
| Gatewood | Iris | 2BR,1BA | $1.43 |
| 505 15th Ave SW | 2 bed 1 bath | 2BR,1BA | $1.39 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| 1505 Becker Ave SE | 2 bed 1 bath | 2BR,1BA | $1.32 |
| Cardinal Manor Apartments | One Bedroom - Handicap Accessible | 1BR,1BA | $1.22 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
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.
Best Local Schools in Paynesville, MN
Paynesville Elementary
Paynesville Area High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Paynesville, MN Rentals by Map
See the most popular apartments and homes in Paynesville, MN
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 $765 at Westfield 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 $825 at Suite Liv'N - Willmar.
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 $1,060.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.