
Cheap Homes for Rent in Paynesville, MN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Paynesville.


512 Maple Ln

311 5th St S

551 Milky Way St S
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.

1035 Division St E

524-512 12th St SW

200 Atlantic Ave

114 Lake Ave S
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.

255 6th Ave NE
Paynesville, MN Local Guide

How much does it cost to rent a home in Paynesville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paynesville 2 Bedroom Homes for Rent | $1,177 | $850 | $1,495 |
| Paynesville 3 Bedroom Homes for Rent | $1,706 | $1,050 | $2,400 |
| Paynesville 4 Bedroom Homes for Rent | $1,687 | $1,275 | $2,450 |
| Paynesville 5 Bedroom Homes for Rent | $2,200 | $1,600 | $3,800 |
Browse Top Homes for Rent 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 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 December 27, 2025 the best value apartment in the Paynesville area is the $1.26 price per square foot 2 Bed 2 Bath Single Section Model at Bel Clare Estates in the starting from $1,329. The second greatest value Paynesville apartment is the 2BR/1 Bath Model at Valleyside Townhomes starting at $955 with a $0.99 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. |
|---|---|---|---|
| Bel Clare Estates | 2 Bed 2 Bath Single Section | 2BR,2BA | $1.26 |
| Valleyside Townhomes | 2BR/1 Bath | 2BR,1BA | $0.99 |
| 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 |
| Suncrest Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 |
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $0.96 |
| Somerset Properties | One Bedroom + Den - By The Lake | 1BR,1BA | $1.25 |
| 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 Paynesville
What type of rentals are currently available in Paynesville?
There are currently 56 Apartments for Rent in Paynesville, MN with pricing that ranges from $718 to $3,020. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paynesville ranging from $650 to $3,800.
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 $650 to $3,800 with an average monthly rent of $1,523.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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!