
Cheap Apartments for Rent in Pennington, MN from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Pennington.


1022 Comstock Dr

109 3rd Ave

12244 2nd St
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.

324 Front St

207 Cedar St NE

Park Rapids Apartments

Sebeka Housing
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.

Canal Apartments

McCarthy Apartments
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.
Pennington, MN Local Guide

How much does it cost to rent an apartment in Pennington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pennington Studio Apartments | $824 | $785 | $900 |
Pennington 1 Bedroom Apartments | $827 | $580 | $1,085 |
Pennington 2 Bedroom Apartments | $1,048 | $694 | $1,435 |
Pennington 3 Bedroom Apartments | $1,307 | $970 | $2,400 |
Pennington 4 Bedroom Apartments | $1,225 | $1,150 | $1,400 |
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Pennington, MN Local Guide
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Cheapest Available Pennington Apartments for Rent and Nearby
 The cheapest available apartment rental in Pennington, MN is a 1 Bed unit found at Pine Tree Housing Corp. priced from $580. White House and Blair House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here is today’s list of the most affordable Pennington apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pine Tree Housing Corp. | One Bed | 1BR,1BA | $580 |
White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $680 |
Sebeka Housing | Riverview 1 Bedroom | 1BR,1BA | $780 |
Stony Ridge Studios | Studios | Studio,1BA | $825 |
Presidential Estates/ Justice Apartments | Studio | Studio,1BA | $825 |
Best Value Apartments for Rent in Pennington, MN and Nearby
As of June 25, 2025 the best value apartment in the Pennington area is the $1.27 price per square foot 2 Bedroom / 1 Bathroom Std Model at Cedar Pointe Estates Apartments in the starting from $1,045. The second greatest value Pennington apartment is the 2 Bedroom, 1 Bathroom Model at Timber Ridge Apartments starting at $1,065 with a $1.30 price per square foot . Here is today’s list of the best values for Pennington apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cedar Pointe Estates Apartments | 2 Bedroom / 1 Bathroom Std | 2BR,1BA | $1.27 |
Timber Ridge Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.30 |
Cedar Street Complex | 2 Bedroom | 2BR,1BA | $1.28 |
Sebeka Housing | Hilltop 1 Bedroom | 1BR,1BA | $1.30 |
Pine Tree Housing Corp. | 2 Bed | 2BR,2BA | $1.13 |
Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $1.58 |
White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $1.24 |
Presidential Estates/ Justice Apartments | Studio | Studio ,1BA | $1.65 |
Stony Ridge Studios | Studios | Studio ,1BA | $1.70 |
18038 W Windigo Dr SE, Unit 2 | 18038 W Windigo Dr SE | 3BR,1BA | $24.00 |
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Frequently Asked Questions about Cheap Pennington Apartments
How much is rent for a Cheap One Bedroom Pennington Apartment?
The lowest price for a Cheap One Bedroom Pennington Apartment is $580 at Pine Tree Housing Corp..
What is the lowest price for a Cheap Two Bedroom Pennington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Pennington is starting from $694 at Pine Tree Housing Corp..
What is the most affordable Pennington Three Bedroom Apartment?
The best deal on a cheap Pennington Three Bedroom Apartment rental is at Presidential Estates/ Justice Apartments and starts from $1,175.
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.

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.

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.

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.

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.