Cheap Apartments for Rent in Pennington County, MN from $500 (9 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
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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

Cheapest Available Pennington County Apartments for Rent

 

The cheapest available apartment rental in Pennington County, MN is a 2 Beds unit found at River Falls Estates priced from $787. Parkwood Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here is today’s list of the most affordable Pennington County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Falls EstatesUnit 201 TIF2BR,1BA$787
Parkwood Apartments2 Bedroom2BR,1BA$825
First Street Estates1 Bedroom/1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Pennington County, MN

As of November 09, 2025 the best value apartment in the Pennington County area is the $0.82 price per square foot Sherwood 2 bedroom Model at Southwood Park Townhomes in the starting from $1,029. The second greatest value Pennington County apartment is the 718 Dawn Ave Model at 718 Dawn Ave, Unit 718 starting at $1,000 with a $0.83 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.
Southwood Park TownhomesSherwood 2 bedroom2BR,1.5BA$0.82
718 Dawn Ave, Unit 718718 Dawn Ave4BR,1BA$0.83
West River Falls110-2172BR,1BA$1.20
SummerField Thief River Falls TownhomesTwo Bedroom Two Bath2BR,2BA$0.98
Parkwood Apartments2 Bedroom2BR,1BA$0.86
River Falls EstatesUnit 201 TIF2BR,1BA$0.84
Rivers Bend Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1.42
First Street Estates1 Bedroom/1 Bathroom1BR,1BA$1.36
Wheatland Estates1 Bed, 1 bath1BR,1BA$1.49

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 $1,123.

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 10 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

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.