
Cheap Apartments for Rent in Paynesville, MN from $300 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in Paynesville.


330 4th St SW

808 N 8th St
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.

815 5th Ave S

Lake Place II

1205 S Sibley Ave
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 | $1,015 | $895 | $1,125 |
| Paynesville 1 Bedroom Apartments | $1,118 | $718 | $1,605 |
| Paynesville 2 Bedroom Apartments | $1,359 | $838 | $2,700 |
| Paynesville 3 Bedroom Apartments | $1,557 | $995 | $1,955 |
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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 1 Bed unit found at Oak Ridge Manor Senior 62+ Apartments priced from $718. 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 |
|---|---|---|---|
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $718 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $830 |
Best Value Apartments for Rent in Paynesville, MN and Nearby
As of January 19, 2026 the best value apartment in the Paynesville area is the $1.25 price per square foot 2D - 2 Bedroom Model at River Oak Heights in the starting from $1,475. The second greatest value Paynesville apartment is the 2BR/1 Bath Model at Valleyside Townhomes starting at $1,055 with a $1.10 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. |
|---|---|---|---|
| River Oak Heights | 2D - 2 Bedroom | 2BR,2BA | $1.25 |
| Valleyside Townhomes | 2BR/1 Bath | 2BR,1BA | $1.10 |
| Savanna Apartments | C | 2BR,1BA | $1.17 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $0.98 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $1.00 |
| Parkview Apartments | 2B/1B | 2BR,1BA | $1.16 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 |
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $0.96 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.19 |
| 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 ArticleThe 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.
Read ArticleCash 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.
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!
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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
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!