409 Meadow Dr, Unit #1
409 Meadow Dr
McGregorMN55760
Cheap Homes for Rent in Pennington, MN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Pennington.
75 Willow St SE
AkeleyMN56433
202 Division St S
WalkerMN56484
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.
1134 McKinley Ave
Detroit LakesMN56501
606 Pleasant Ave S
Park RapidsMN56470
711 12 St NW
BemidjiMN56601
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.
1105 Roosevelt Rd SE
BemidjiMN56601
Showing Results 1-7, Page 1 of 1
Pennington, MN Local Guide
Pennington Mine Lake by Sharon Mollerus is licensed under CC BY 2.0
How much does it cost to rent a home in Pennington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennington 2 Bedroom Homes for Rent | $1,610 | $1,050 | $2,400 |
| Pennington 3 Bedroom Homes for Rent | $1,798 | $1,100 | $2,200 |
| Pennington 4 Bedroom Homes for Rent | $2,149 | $1,600 | $4,000 |
| Pennington 5 Bedroom Homes for Rent | $2,016 | $1,850 | $2,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Pennington
Explore Pennington
Pennington, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 $695. 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 | $695 |
| Sebeka Housing | Riverview 1 Bedroom | 1BR,1BA | $750 |
Best Value Apartments for Rent in Pennington, MN and Nearby
As of December 12, 2025 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 Otter Model at JP Place starting at $1,400 with a $1.35 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 Street Complex | 3 Bedroom | 3BR,2BA | $1.26 |
| JP Place | Otter | 2BR,2BA | $1.35 |
| Regency Park North | 2B/1B C Floorplan | 2BR,1BA | $0.95 |
| Timber Ridge Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.30 |
| Cedar Pointe Estates Apartments | 2 Bedroom / 1 Bathroom Std | 2BR,1BA | $1.27 |
| Sebeka Housing | Riverview 2 Bedroom | 2BR,1BA | $1.24 |
| Parkview Housing | 2 Bedroom | 2BR,1BA | $1.34 |
| McCarthy Apartments | Apartment | 1BR,1BA | $1.46 |
| Pine Tree Housing Corp. | 2 Bed | 2BR,2BA | $1.13 |
| White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $1.26 |
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
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.
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 Pennington area?
If you’re an expert on all things Pennington, 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 Pennington, MN Rentals by Map
See the most popular apartments and homes in Pennington, MN
Frequently Asked Questions about Pennington
What type of rentals are currently available in Pennington?
There are currently 35 Apartments for Rent in Pennington, MN with pricing that ranges from $580 to $1,400. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $995 to $4,000.
What is the current price range for Rental Homes in Pennington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington ranges from $995 to $4,000 with an average monthly rent of $1,807.
How much are larger Three and Four Bedroom Rentals in Pennington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennington range from $1,006 to $1,337, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,193.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.