
Cheap Apartments for Rent in Paynesville, MN from $425 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Paynesville.


Edgewood Apartments

815 5th Ave S

Building Three Thirty

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Sterling Manor Apartments

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Suite Liv'N - Willmar

718 6th Ave S

Westfield Apartments

Suite Livn Suites

St. Anthony's Manor
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Clover Hill Apartments

Oak Place Apartments

Westwood Village

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Parkview Apartments

Suncrest Apartments

Lakeland Apartments

Graceview Estates

134 Crossing

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Gatewood

The Oaks on 20th
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Edgeview Apartments

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Birch Spring Apartment Homes

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The Preserve on 24th

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Boulder Ridge Apartment Homes

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Valleyside Townhomes

1049 13th St N

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Block 25 Lofts

Prosper West

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Joetown Apartment Homes

Granite Landing
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Midtown Lofts

Grove Heights Townhomes

Lake Place II

Lake Ripley Apartments

Spicer B Apartments

Oak Ridge Manor Senior 62+ Apartments

Cardinal Manor Apartments

Nyberg Apartments 55+

1505 Becker Ave SE

Suite Liv'n on 15th NW
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.

310 8th St N

512 Maple Ln

519 14th St S

320 Augusta Ave SE

706 1st St S

Pioneer Pointe

505 15th Ave SW

6445 132nd Ave NE

510 2nd St N

Meadowlark Apartments
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.
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 | $887 | $425 | $1,175 |
| Paynesville 1 Bedroom Apartments | $1,169 | $725 | $1,605 |
| Paynesville 2 Bedroom Apartments | $1,380 | $800 | $2,750 |
| Paynesville 3 Bedroom Apartments | $1,520 | $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 Building Three Thirty priced from $425. Suite Liv'N - Willmar has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable Paynesville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Building Three Thirty | Small Studio | Studio,1BA | $425 |
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $768 |
| Cardinal Manor Apartments | One Bedroom - Handicap Accessible | 1BR,1BA | $775 |
| Suite Livn Suites | Suite | 2BR,1BA | $800 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| 505 15th Ave SW | 2 bed 1 bath | 2BR,1BA | $975 |
| Lakeland Apartments | TIF - Studio | Studio,1BA | $995 |
| Gatewood | Iris | 2BR,1BA | $1,007 |
| Edgeview Apartments | 1021 - 1BR/1BA | 1BR,1BA | $1,055 |
Best Value Apartments for Rent in Paynesville, MN and Nearby
As of September 08, 2026 the best value apartment in the Paynesville area is the $1.45 price per square foot Willow Model at Wobegon Crossings in the starting from $1,479. The second greatest value Paynesville apartment is the B9R Model at Prosper West starting at $1,413 with a $1.47 price per square foot in the West Saint Cloud neighborhood. 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. |
|---|---|---|---|
| Wobegon Crossings | Willow | 2BR,2BA | $1.45 |
| Prosper West | B9R | 2BR,2BA | $1.47 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Suite Livn Suites | Suite | 2BR,1BA | $0.94 |
| Sterling Manor Apartments | Large 1 Bedroom | 1BR,1BA | $1.27 |
| Gatewood | Iris | 2BR,1BA | $1.24 |
| 505 15th Ave SW | 2 bed 1 bath | 2BR,1BA | $1.39 |
| Boulder Ridge Apartment Homes | 1 Bedroom | 1BR,1BA | $1.55 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
| Cardinal Manor Apartments | One Bedroom | 1BR,1BA | $1.24 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Paynesville Middle 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
What is the Cheapest Studio apartment in Paynesville?
Currently the most affordable Cheap Studio Apartment in Paynesville is at Building Three Thirty listed at $425.
How much is rent for a Cheap One Bedroom Paynesville Apartment?
The lowest price for a Cheap One Bedroom Paynesville Apartment is $768 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 $800 at Suite Livn Suites.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.