100 7th St NE, Unit 1
100 7th St NE
PerhamMN56573
Cheap Homes for Rent near Pennington, MN from $1,025 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Pennington.
606 1st Ave N, Unit 7
606 1st Ave N
PerhamMN56573
302 Pearl St
Park RapidsMN56470
508 6th St SE
BemidjiMN56601
30917 S Oak St
Pequot LakesMN56472
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
315 Park Lake Blvd, Unit 302
315 Park Lake Blvd
Detroit LakesMN56501
11398 County Highway 17
Detroit LakesMN56501
668 Unshakeable Faith Ln N W
BemidjiMN56601
335 Maple Ridge Ct
Detroit LakesMN56501
335 Maple Ridge Ct
Detroit LakesMN56501
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,264 | $1,025 | $1,600 |
| Pennington 3 Bedroom Homes for Rent | $2,412 | $1,200 | $5,995 |
| Pennington 4 Bedroom Homes for Rent | $2,671 | $1,750 | $4,000 |
| Pennington 5 Bedroom Homes for Rent | $3,397 | $3,295 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 White House and Blair House priced from $690. Deering Manor - Section 8: 62+ ,Handicapped, has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here is today’s list of the most affordable Pennington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $690 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $715 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $793 |
Best Value Apartments for Rent in Pennington, MN and Nearby
As of September 11, 2026 the best value apartment in the Pennington area is the $1.57 price per square foot Two Bedroom Patio Model at The Villas at Vista North in the starting from $1,525. The second greatest value Pennington apartment is the 2 Bed, 1 Bath + Parking Model at Meadows Edge Apartments starting at $1,070 with a $1.17 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. |
|---|---|---|---|
| The Villas at Vista North | Two Bedroom Patio | 2BR,1BA | $1.57 |
| Meadows Edge Apartments | 2 Bed, 1 Bath + Parking | 2BR,1BA | $1.17 |
| 112 SW 21st St | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.65 |
| Regency Park South | 1B1K | 1BR,1BA | $1.11 |
| McCarthy Apartments | 2 Bedroom | 2BR,1BA | $0.99 |
| Presidential Estates/ Justice Apartments | One bedroom./ One bathroom | 1BR,1BA | $1.38 |
| JP Place | Hammers | 1BR,1BA | $1.60 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $1.30 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $1.22 |
| White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $1.25 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 40 Apartments for Rent in Pennington, MN with pricing that ranges from $580 to $2,500. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $1,025 to $5,995.
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 $1,025 to $5,995 with an average monthly rent of $2,087.
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 $1,175 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,995. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,400.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.