Cheap Apartments for Rent in Payson, IL from $300 (27 Rentals)

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

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.

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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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Cash 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.

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property at 133 S 4th St

$725 - $950

1 Bedroom Rentals

Available Now

133 S 4th St

QuincyIL62301

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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601-605 W Orchard St
Studio to 3 Bedroom Apartments

601-605 W Orchard St

601-605 W Orchard StMacomb, IL 61455
Student Housing
  • Utilities Included
Showing Results 1-27, 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 Studio unit found at Macomb Rentals priced from $390. Monroe City Senior Housing 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Payson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Macomb RentalsStudio, 1 bathStudio,1BA$390
Monroe City Senior Housing 62+1 Bed 1 Bath1BR,1BA$675
1500 N Carolina St3x23BR,2BA$900
Jefferson House Senior Living1 Bed/1 Bath1BR,1BA$1,094

Best Value Apartments for Rent in Payson, IL and Nearby

As of December 19, 2025 the best value apartment in the Payson area is the $1.31 price per square foot Apt 101 S Model at Emerson Garden Apartments in the starting from $1,700. The second greatest value Payson apartment is the 2507 Rebecca Ct W Model at 2507 Rebecca Ct W, Unit 1 starting at $1,100 with a $0.92 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 ApartmentsApt 101 S3BR,2BA$1.31
2507 Rebecca Ct W, Unit 12507 Rebecca Ct W2BR,1.5BA$0.92
2526 Rebecca Ct W, Unit 42526 Rebecca Ct W2BR,1BA$1.00
1500 N Carolina St2X22BR,2BA$1.08
307 N 4th St, Unit 12307 N 4th St1BR,1BA$0.89
1610 Vermont St, Unit 1A1610 Vermont St1BR,1BA$1.13
329 S Lafayette St, Unit 3329 S Lafayette St2BR,1BA$1.00
305 N 4th St, Unit 305 12305 N 4th St1BR,1BA$1.14
108 E Woodbury St, Unit Apt. 1108 E Woodbury St2BR,1BA$1.33
Monroe City Senior Housing 62+1 Bed 1 Bath1BR,1BA$1.13

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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The 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.

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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.

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

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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 $450 at Macomb Rentals.

What is the most affordable Payson Three Bedroom Apartment?

The best deal on a cheap Payson Three Bedroom Apartment rental is at 1500 N Carolina St and starts from $900.

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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.