Cheap Apartments for Rent in Payson, IL from $300 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Payson.

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-21, Page 1 of 1

Payson, IL Local Guide

Cheapest Available Payson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Payson, IL is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $300. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable Payson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$300
Macomb RentalsStudio, 1 bathStudio,1BA$390
1500 N Carolina St2X22BR,2BA$700
Jefferson House Senior Living1 Bed/1 Bath1BR,1BA$1,094
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1,400

Best Value Apartments for Rent in Payson, IL and Nearby

As of June 16, 2025 the best value apartment in the Payson area is the $1.08 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Payson apartment is the 320 N Sherman Ave Model at 320 N Sherman Ave, Unit 3 starting at $753 with a $0.68 price per square foot . Here is today’s list of the best values for Payson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
320 N Sherman Ave, Unit 3320 N Sherman Ave1BR,1BA$0.68
1500 N Carolina St3x23BR,2BA$1.00
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$0.31
837 Washington St, Unit A837 Washington St1BR,1BA$0.88
840 State St, Unit G840 State St1BR,1BA$0.81
329 S Lafayette St, Unit 3329 S Lafayette St2BR,1BA$1.00
404 W Adams St, Unit Main East - 2404 W Adams St1BR,1BA$0.96
Jefferson House Senior Living1 Bed/1 Bath1BR,1BA$2.08

Quick Rent Budget Calculator

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

Explore Payson, IL Rentals by Map

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See the most popular apartments and homes in Payson, IL

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Getting Around Payson, IL

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Payson Apartments

How much is rent for a Cheap One Bedroom Payson Apartment?

The lowest price for a Cheap One Bedroom Payson Apartment is $510 at Macomb Rentals.

What is the lowest price for a Cheap Two Bedroom Payson Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Payson is starting from $300 at Cedar Creek Crossing Apartments.

What is the most affordable Payson Three Bedroom Apartment?

The best deal on a cheap Payson Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $340.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.