
Cheap Homes for Rent in Payson, IL from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Payson.


209 Chandler Blvd

201 Charleston Blvd

217 Charleston Blvd

204 Charleston Blvd

202 Charleston Blvd

220 Charleston Blvd

218 Charleston Blvd

219 Charleston Blvd

1714 Singleton Ave

518 W Murray St

714 N Campbell St

708 N Campbell St

102 W 2nd St

524 W Murray St

533 N Edwards St

620 N Jeffries St

326 Sycamore

119 N 1st St

1232 N 12th St

1105 W Washington St
Payson, IL Local Guide

How much does it cost to rent a home in Payson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Payson 2 Bedroom Homes for Rent | $843 | $640 | $1,400 |
Payson 3 Bedroom Homes for Rent | $1,279 | $726 | $2,000 |
Payson 4 Bedroom Homes for Rent | $1,175 | $775 | $1,400 |
Payson 5 Bedroom Homes for Rent | $1,275 | $1,275 | $1,275 |
Browse Top Homes for Rent in Payson
Explore Payson
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 |
Creekside Park | 2 BR / 2 BA | 2BR,2BA | $973 |
Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $1,400 |
Best Value Apartments for Rent in Payson, IL and Nearby
As of April 12, 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 2 BR / 2 BA Model at Creekside Park starting at $973 with a $0.92 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 |
Creekside Park | 2 BR / 2 BA | 2BR,2BA | $0.92 |
200 Jaycee Dr, Unit 206 | 200 Jaycee Dr | 1BR,1BA | $1.39 |
1500 N Carolina St | 2X2 | 2BR,2BA | $0.78 |
1610 Vermont St, Unit 1A | 1610 Vermont St | 1BR,1BA | $1.13 |
329 S Lafayette St, Unit 3 | 329 S Lafayette St | 2BR,1BA | $0.93 |
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 | 1BR,1BA | $1.83 |
716 Ohio St, Unit 2 | 716 Ohio St | Studio ,1BA | $1.33 |
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Frequently Asked Questions about Payson
What type of rentals are currently available in Payson?
There are currently 29 Apartments for Rent in Payson, IL with pricing that ranges from $300 to $1,800. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Payson ranging from $515 to $2,000.
What is the current price range for Rental Homes in Payson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Payson ranges from $515 to $2,000 with an average monthly rent of $1,070.
How much are larger Three and Four Bedroom Rentals in Payson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Payson range from $340 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $726 to $2,000. Four Bedroom Single-Family rentals are also available starting from $775 and Four Bedroom Apartments start at $600.
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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.