
Cheap Apartments for Rent near Afton, MI from $300 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in Afton.


Lake Shore Estates

Thunder Bay Estates

Parkview Apartments

Oak Terrace

PARK MEADOW APARTMENTS

Bay Hill I

Green Meadows Apartments

Sawmill Lofts

Pines45 Apartments
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.

Hillside Club Apartments

Riverview Terrace

Harbour Ridge Apartments

Studio's at The Vic

2276 S M-37, Unit B

Aspen Village

The Block at Petoskey

SPRING HARBOR APARTMENTS - No Vacancy

Lake Pointe Village

Ridge45 Apartments
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.

Sugar Plum Apartments

Alger Apartments

Little Traverse Village

Townhouse Lane

Bear Creek Meadows - Petoskey, MI

Village Glen Apartments

10944 N Mackinaw Hwy

Townline Flats

Emerald Creek Apartments

Eagle Ridge Apartment Homes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Bayview of Traverse City

Edge 72

Bingham Apartments - 55+ Community

Victories Square

Hidden Brook Manor

Pinecrest Manor

Stargate Motel

Huron Apartments

Mackinaw Apartments

Lighthouse Village
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Inland Lakes Motel

Cheboygan Shores

The Flats at Carriage Commons

7 Evergreen Dr

5712 Shanty Creek Rd

Lighthouse Gardens Apartments

Garfield Oaks

Liv Arbors

Totem Lodges

Pine Hills and Cedar Hills Apartments
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.
Afton, MI Local Guide

How much does it cost to rent an apartment in Afton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Afton Studio Apartments | $1,278 | $885 | $1,600 |
| Afton 1 Bedroom Apartments | $1,568 | $694 | $2,508 |
| Afton 2 Bedroom Apartments | $1,880 | $575 | $3,348 |
| Afton 3 Bedroom Apartments | $2,307 | $750 | $3,587 |
| Afton 4 Bedroom Apartments | $2,825 | $2,775 | $2,875 |
Browse Top Apartments in Afton
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Afton, MI Local Guide
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Cheapest Available Afton Apartments for Rent and Nearby
 The cheapest available apartment rental in Afton, MI is a 2 Beds unit found at Presque Isle Estates priced from $575. Oak Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $796. Here is today’s list of the most affordable Afton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $845 |
| Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1,146 |
| Sawmill Lofts | 1 Bedroom - 1 Bath | 1BR,1BA | $1,150 |
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $1,156 |
| Aspen Village | New Double-Wide | 3BR,1BA | $1,200 |
| The Block at Petoskey | 1BA Workforce Housing Unit* | 1BR,1BA | $1,295 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,350 |
| Townhouse Lane | Townhouse Ln | 2BR,1BA | $1,395 |
Best Value Apartments for Rent in Afton, MI and Nearby
As of July 24, 2026 the best value apartment in the Afton area is the $1.60 price per square foot Empire Model at Liv East Bay in the starting from $3,065. The second greatest value Afton apartment is the Cedar Model at Chelsea Park West starting at $2,150 with a $1.93 price per square foot . Here is today’s list of the best values for Afton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Liv East Bay | Empire | 4BR,2.5BA | $1.60 |
| Chelsea Park West | Cedar | 2BR,2BA | $1.93 |
| Townhouse Lane | Townhouse Ln | 2BR,1.5BA | $1.29 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.46 |
| Bear Creek Meadows - Petoskey, MI | Baby Bear - Upper | 1BR,1BA | $1.69 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.11 |
| Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1.83 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| The Block at Petoskey | 1BA Workforce Housing Unit* | 1BR,1BA | $1.97 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
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 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Afton, MI Rentals by Map
See the most popular apartments and homes in Afton, MI
Frequently Asked Questions about Cheap Afton Apartments
How much is rent for a Cheap One Bedroom Afton Apartment?
The lowest price for a Cheap One Bedroom Afton Apartment is $796 at Oak Terrace.
What is the lowest price for a Cheap Two Bedroom Afton Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Afton is starting from $575 at Presque Isle Estates.
What is the most affordable Afton Three Bedroom Apartment?
The best deal on a cheap Afton Three Bedroom Apartment rental is at Presque Isle Estates and starts from $750.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.