201-220 Charleston Blvd
MacombIL61455
Cheap Homes for Rent in Payson, IL from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Payson.
725 E Monroe St
MexicoMO65265
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.
119 N 1st St
ClarksvilleMO63336
608 Macfarlane St
MexicoMO65265
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.
125 Water St
LouisianaMO63353
Showing Results 1-5, Page 1 of 1
Payson, IL Local Guide
The Illinois prairie at harvest time by Ron Frazier is licensed under CC BY 2.0
How much does it cost to rent a home in Payson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Payson 2 Bedroom Homes for Rent | $1,025 | $850 | $1,200 |
| Payson 3 Bedroom Homes for Rent | $1,031 | $995 | $1,100 |
| Payson 4 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Payson
Explore Payson
Payson, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $875. Here is today’s list of the most affordable Payson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR,1BA | $875 |
| Creekside Park | 2 BR / 2 BA | 2BR,2BA | $880 |
Best Value Apartments for Rent in Payson, IL and Nearby
As of June 21, 2026 the best value apartment in the Payson area is the $0.43 price per square foot 203 S 6th St Model at 203 S 6th St, Unit 1 in the starting from $650. The second greatest value Payson apartment is the 3 BR / 2 BA Model at Creekside Park starting at $1,029 with a $0.85 price per square foot . Here is today’s list of the best values for Payson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 203 S 6th St, Unit 1 | 203 S 6th St | 2BR,1BA | $0.43 |
| Creekside Park | 3 BR / 2 BA | 3BR,2BA | $0.85 |
| View 21 | 2 bed 1 bath | 2BR,1BA | $2.00 |
| Forest Village Apartments | 3 Bedroom | 3BR,1BA | $0.99 |
| 5050 Pulliam St, Unit 5050 | 5050 Pulliam St | 2BR,1BA | $1.25 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR,1BA | $1.46 |
| 421 N 20th St | 421 N 20th St | 1BR,1BA | $2.59 |
| Jefferson House Senior Living | 1 Bed/1 Bath | 1BR,1BA | $2.08 |
| 716 Ohio St, Unit 4 | 716 Ohio St | Studio ,1BA | $1.30 |
| 329 S Lafayette St | 329 S Lafayette St | Studio ,1BA | $1.25 |
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 Article
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.
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.
Let everyone know!
Do you know the Payson area?
If you’re an expert on all things Payson, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Payson, IL Rentals by Map
See the most popular apartments and homes in Payson, IL
Frequently Asked Questions about Payson
What type of rentals are currently available in Payson?
There are currently 30 Apartments for Rent in Payson, IL with pricing that ranges from $267 to $5,600. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Payson ranging from $595 to $1,800.
What is the current price range for Rental Homes in Payson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Payson ranges from $595 to $1,800 with an average monthly rent of $1,198.
How much are larger Three and Four Bedroom Rentals in Payson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Payson range from $296 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,100. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $600.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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.
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.