
Cheap Apartments for Rent in Payson, IL from $300 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Payson.


Lexington Concord

520 S Johnson St

209 Chandler Blvd

236 W Washington St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Payson, IL Local Guide

How much does it cost to rent an apartment in Payson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Payson Studio Apartments | $584 | $390 | $695 |
Payson 1 Bedroom Apartments | $854 | $510 | $1,450 |
Payson 2 Bedroom Apartments | $791 | $300 | $1,100 |
Payson 3 Bedroom Apartments | $1,077 | $340 | $1,850 |
Payson 4 Bedroom Apartments | $1,366 | $600 | $1,800 |
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Payson, IL Local Guide
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Cheapest Available Payson Apartments for Rent and Nearby
 The cheapest available apartment rental in Payson, IL is a Studio unit found at Macomb Rentals priced from $390. 1500 N Carolina St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Payson apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
1500 N Carolina St | 2X2 | 2BR,2BA | $700 |
Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $1,400 |
Best Value Apartments for Rent in Payson, IL and Nearby
As of April 28, 2025 the best value apartment in the Payson area is the $0.90 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Payson apartment is the 320 N Sherman Ave Model at 320 N Sherman Ave, Unit 3 starting at $753 with a $0.68 price per square foot . Here is today’s list of the best values for Payson apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $0.90 |
320 N Sherman Ave, Unit 3 | 320 N Sherman Ave | 1BR,1BA | $0.68 |
1500 N Carolina St | 2X2 | 2BR,2BA | $0.78 |
329 S Lafayette St, Unit 3 | 329 S Lafayette St | 2BR,1BA | $1.00 |
404 W Adams St, Unit Main East - 2 | 404 W Adams St | 1BR,1BA | $1.00 |
835 Kentucky St, Unit Long Term | 835 Kentucky St | 2BR,1BA | $1.83 |
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Getting Around Payson, IL
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Payson Apartments
How much is rent for a Cheap One Bedroom Payson Apartment?
The lowest price for a Cheap One Bedroom Payson Apartment is $510 at Macomb Rentals.
What is the lowest price for a Cheap Two Bedroom Payson Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Payson is starting from $450 at Macomb Rentals.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.