Cheap Apartments for Rent in Pennington, MN from $500 (20 Rentals)

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

property at 1022 Comstock Dr

$624

Total Monthly Price

Total Monthly Price

Base Rent
$624

Total Monthly Price
$624

1 Bedroom, 1 Bath Home for Rent

Available Now

1022 Comstock Dr

Deer RiverMN56636
property at 207 Cedar St NE

$716

Total Monthly Price

Total Monthly Price

Base Rent
$716

Total Monthly Price
$716

1 Bedroom, 1 Bath Home for Rent

Available Now

207 Cedar St NE

RemerMN56672
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Sebeka Housing
Rent Specials
$750 - $1,005
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $1,005

Total Monthly Price
$750 - $1,005
1 to 2 Bedroom Apartments Available Now

Sebeka Housing

17 Hubbard Ave SSebeka, MN 56477
  • Verified
  • Utilities Included
  • Low Income
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Park Rapids Apartments
$762 - $1,193
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$762 - $1,193

Total Monthly Price
$762 - $1,193
1 to 4 Bedroom Apartments Contact Us For Availability

Park Rapids Apartments

300 8th St WPark Rapids, MN 56470
  • Verified
  • Utilities Included
  • Low Income

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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McCarthy Apartments
$794 - $1,125
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$794 - $1,125

Total Monthly Price
$794 - $1,125
1 to 2 Bedroom Apartments Contact Us For Availability

McCarthy Apartments

505 Heartland StPark Rapids, MN 56470
  • Verified
  • Low Income
  • Smoke Free
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Canal Apartments
$800 - $1,205
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800 - $1,205

Total Monthly Price
$800 - $1,205
Studio to 2 Bedroom Apartments Available Now

Canal Apartments

525 Canal StGrand Rapids, MN 55744
  • Verified
  • Smoke Free
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Parkview Housing
$849 - $1,309
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$849 - $1,309

Total Monthly Price
$849 - $1,309
1 to 3 Bedroom Apartments Available Now

Parkview Housing

514-516 Heartland StPark Rapids, MN 56470
  • Verified
  • Utilities Included
  • Low Income

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.

property at 522 3rd St SE

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

522 3rd St SE

BemidjiMN56601
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Sunridge Apartments
$890 - $1,265
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$890 - $1,265

Total Monthly Price
$890 - $1,265
1 to 3 Bedroom Apartments Contact Us For Availability

Sunridge Apartments

212 11th AveDetroit Lakes, MN 56501
  • Verified
  • Smoke Free
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Silver Birch
1 to 2 Bedroom Apartments

Silver Birch

303 Washington AveDetroit Lakes, MN 56501
Senior Living
  • Utilities Included
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Marigold Apartments
1 Bedroom Apartments

Marigold Apartments

110 Union St EDetroit Lakes, MN 56501
Senior Living
  • Utilities Included

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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Capitol Hill Studios
Studio to 1 Bedroom Apartments

Capitol Hill Studios

2404 Bemidji Ave NBemidji, MN 56601
  • Utilities Included
property at 113 3rd St W

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

1 Bedroom, 1 Bath Home for Rent

Available Now

113 3rd St W

Park RapidsMN56470

Pennington, MN Local Guide

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 $690. Here is today’s list of the most affordable Pennington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pine Tree Housing Corp.One Bed1BR,1BA$580
White House and Blair HouseBlair House Single Bedroom1BR,1BA$690
Cedar Pointe Estates Apartments1 Bedroom 1 Bathroom1BR,1BA$770
Condor Apartments - Section 8 community1 bed, 1 bath1BR,1BA$780
Canal ApartmentsEfficiencyStudio,1BA$800

Best Value Apartments for Rent in Pennington, MN and Nearby

As of March 22, 2026 the best value apartment in the Pennington area is the $1.26 price per square foot 3 Bedroom Model at Cedar Street Complex in the starting from $1,337. The second greatest value Pennington apartment is the Two Bedroom Standard Model at The Villas at Vista North starting at $1,385 with a $1.43 price per square foot . Here is today’s list of the best values for Pennington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cedar Street Complex3 Bedroom3BR,2BA$1.26
The Villas at Vista NorthTwo Bedroom Standard2BR,1BA$1.43
JP PlaceMud2BR,2BA$1.40
Timber Ridge Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.32
Sebeka HousingRiverview 2 Bedroom2BR,1BA$1.24
Parkview Housing1 Bedroom1BR,1BA$1.36
Pine Tree Housing Corp.2 Bed2BR,2BA$1.13
Cedar Pointe Estates Apartments1 Bedroom 1 Bathroom1BR,1BA$1.26
White House and Blair HouseBlair House Single Bedroom1BR,1BA$1.25
Stony Ridge StudiosStudiosStudio ,1BA$1.57

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick 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.

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

Explore Pennington, MN Rentals by Map

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Frequently Asked Questions about Cheap Pennington Apartments

What is the Cheapest Studio apartment in Pennington?

Currently the most affordable Cheap Studio Apartment in Pennington is at Canal Apartments listed at $800.

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..

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.