$955
Total Monthly Price
Total Monthly Price
Base Rent
$955
Utilities & Essentials
Varies
Total Monthly Price
$955
1 Bedroom, 2 Bath Home for Rent
Available Nov 12
317 5th Ave
BoveyMN55709
Cheap Homes for Rent in Pennington, MN from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Pennington.
317 5th Ave
BoveyMN55709
100 7th St NE, Unit 7
100 7th St NE
PerhamMN56573
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.
606 Pleasant Ave S
Park RapidsMN56470
911 NW 8th St
Grand RapidsMN55744
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.
Showing Results 1-4, 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 | $1,605 | $1,025 | $2,000 |
| Pennington 3 Bedroom Homes for Rent | $1,916 | $1,100 | $2,550 |
| Pennington 4 Bedroom Homes for Rent | $2,148 | $1,750 | $2,950 |
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
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Pennington, MN Local Guide
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Best Value Apartments for Rent in Pennington, MN and Nearby
As of October 27, 2025 the best value apartment in the Pennington area is the $1.49 price per square foot 2 Bedroom Model at Cedar Street Complex in the starting from $1,173. The second greatest value Pennington apartment is the Riverview 2 Bedroom Model at Sebeka Housing starting at $865 with a $1.12 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 | 2 Bedroom | 2BR,1BA | $1.49 |
| Sebeka Housing | Riverview 2 Bedroom | 2BR,1BA | $1.12 |
| Parkview Housing | 2 Bedroom | 2BR,1BA | $1.27 |
| Park Rapids Apartments | 1 Bedroom | 1BR,1BA | $1.18 |
| 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 | $2.06 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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
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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 35 Apartments for Rent in Pennington, MN with pricing that ranges from $580 to $1,415. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington ranging from $955 to $2,950.
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 $955 to $2,950 with an average monthly rent of $1,802.
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 $970 to $1,295, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,150.
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.
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.
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.