Cheap Homes for Rent in Paynesville, MN from $400 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in Paynesville.

property at 815 5th Ave S

$400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$400

Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

815 5th Ave S

St. CloudMN56301
property at 512 Maple Ln

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848

Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

512 Maple Ln

Grove CityMN56243
property at 313 5th St S

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848

Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

313 5th St S

Grove CityMN56243

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.

property at 519 14th St S

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Townhome for Rent

Available Now

519 14th St S

St. CloudMN56301
property at 255 6th Ave NE

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

255 6th Ave NE

HutchinsonMN55350
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388

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

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 ListingModel NameBed/BathPriced From
Suite Liv'N - WillmarStudio 1 BathStudio,1BA$745
Westfield Apartments1 bedroom1BR,1BA$765
Cardinal Manor ApartmentsOne Bedroom - Handicap Accessible1BR,1BA$775

Best Value Apartments for Rent in Paynesville, MN and Nearby

As of June 07, 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 2 Bed 2 Bath Single Section Model at Bel Clare Estates starting at $1,349 with a $1.28 price per square foot . Here is today’s list of the best values for Paynesville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Somerset PropertiesThree Bedroom A - By The Lake3BR,2BA$1.20
Bel Clare Estates2 Bed 2 Bath Single Section2BR,2BA$1.28
Savanna ApartmentsD2BR,1BA$1.19
Westwood VillageTwo bedroom/ One bathroom2BR,1BA$1.02
Sterling Manor ApartmentsLarge 1 Bedroom1BR,1BA$1.27
1505 Becker Ave SE2 bed 1 bath2BR,1BA$1.32
505 15th Ave SW2 bed 1 bath2BR,1BA$1.39
Suncrest Apartments1 bedroom1BR,1BA$1.29
Cardinal Manor ApartmentsOne Bedroom - Handicap Accessible1BR,1BA$1.22
Westfield Apartments1 bedroom1BR,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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Paynesville

What type of rentals are currently available in Paynesville?

There are currently 57 Apartments for Rent in Paynesville, MN with pricing that ranges from $745 to $2,700. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paynesville ranging from $400 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Paynesville ranges from $400 to $4,000 with an average monthly rent of $1,949.

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.