Cheap Apartments for Rent in Pennington County, MN from $400 (10 Rentals)

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

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Country Acres Apartment
2 Bedroom Apartments

Country Acres Apartment

1918 Greenwood St EThief River Falls, MN 56701
  • Utilities Included

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.

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Pioneer Court A Ltd Ptshp
1 to 2 Bedroom Apartments

Pioneer Court A Ltd Ptshp

1602 Greenwood StThief River Falls, MN 56701
Senior Living
  • Utilities Included
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Sherwood Park Townhomes
2 to 3 Bedroom Apartments

Sherwood Park Townhomes

321 Sherwood Ave NThief River Falls, MN 56701
  • Utilities Included
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Sunrise Apartments
Studio Apartments

Sunrise Apartments

320 Oak Ave NThief River Falls, MN 56701
  • Utilities Included

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.

Cheapest Available Pennington County Apartments for Rent

 

The cheapest available apartment rental in Pennington County, MN is a 2 Beds unit found at Parkwood Apartments priced from $825. Wheatland Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Pennington County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkwood Apartments2 Bedroom2BR,1BA$825
Wheatland Estates1 Bed 1 Bath1BR,1BA$895
West River Falls110-3191BR,1BA$997

Best Value Apartments for Rent in Pennington County, MN

As of May 21, 2026 the best value apartment in the Pennington County area is the $1.07 price per square foot Unit 213 Model at River Falls Estates in the starting from $1,087. The second greatest value Pennington County apartment is the Southwood 2 bedroom Model at Southwood Park Townhomes starting at $1,024 with a $1.02 price per square foot . Here is today’s list of the best values for Pennington County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Falls EstatesUnit 2132BR,1BA$1.07
Southwood Park TownhomesSouthwood 2 bedroom2BR,1.5BA$1.02
Parkwood Apartments2 Bedroom2BR,1BA$0.86
West River Falls110-3191BR,1BA$1.30
Rivers Bend Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1.46
Wheatland Estates1 Bed 1 Bath1BR,1BA$1.54

Frequently Asked Questions about Cheap Pennington County Apartments

What is the price of a cheap apartment in Pennington County?

The cheapest apartment in Pennington County is Wheatland Estates which is listed at $895, while the average apartment in Pennington County costs $1,223.

What types of apartments are the cheapest in Pennington County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Pennington County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.