
Cheap Homes for Rent in Algoma, WI from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Algoma.


1030 23rd St

2012 Madison St

2707 Forest Ave
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.

1750 Eldorado Dr

2011 Monroe St

203 Highridge Ave

1172 E Walnut St
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.
Algoma, WI Local Guide

How much does it cost to rent a home in Algoma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Algoma 2 Bedroom Homes for Rent | $1,332 | $850 | $1,800 |
| Algoma 3 Bedroom Homes for Rent | $2,143 | $900 | $5,500 |
| Algoma 4 Bedroom Homes for Rent | $972 | $250 | $1,695 |
| Algoma 5 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
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Algoma, WI Local Guide
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Cheapest Available Algoma Apartments for Rent and Nearby
 The cheapest available apartment rental in Algoma, WI is a 1 Bed unit found at Parkway Collective in the East Shore Drive neighborhood priced from $949. Parkview Ridge in the East Shore Drive neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here is today’s list of the most affordable Algoma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkway Collective | 1BR/1.0BA | 1BR,1BA | $949 |
| Parkview Ridge | 1BR/1.0BA | 1BR,1BA | $949 |
| Baird View Homes | Two Bedroom 2754 | 2BR,1BA | $949 |
Best Value Apartments for Rent in Algoma, WI and Nearby
As of July 07, 2026 the best value apartment in the Algoma area is the $1.15 price per square foot The Essence Model at Elevate Apartments in the in the East Shore Drive neighborhood starting from $1,695. The second greatest value Algoma apartment is the 2 Bedroom 2 Bath Model at Marina View Apartments starting at $1,500 with a $1.04 price per square foot . Here is today’s list of the best values for Algoma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Elevate Apartments | The Essence | 2BR,1.5BA | $1.15 |
| Marina View Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.04 |
| Huron Grove Apartments | 2BR/2.0BA | 2BR,2BA | $0.95 |
| Pheasant Run Apartments | 2BR/2.0BA | 2BR,2BA | $0.98 |
| Harbour Springs Apartments | Upper | 2BR,2BA | $0.83 |
| The Shores Apartments | The Standard - 1020 Sqft | 2BR,1BA | $1.01 |
| Alfred Dr Apartments | 1748 | 2BR,1BA | $1.10 |
| Harbor Ridge & Harbor Winds | Elkhorn Left - at Harbor Winds | 2BR,1BA | $1.13 |
| Brook Park Apartments | 1 bdrm upper | 1BR,1BA | $1.17 |
| Baird View Homes | Two Bedroom 2754 | 2BR,1BA | $1.12 |
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!
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Frequently Asked Questions about Algoma
What type of rentals are currently available in Algoma?
There are currently 53 Apartments for Rent in Algoma, WI with pricing that ranges from $492 to $2,350. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algoma ranging from $250 to $5,500.
What is the current price range for Rental Homes in Algoma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Algoma ranges from $250 to $5,500 with an average monthly rent of $1,355.
How much are larger Three and Four Bedroom Rentals in Algoma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Algoma range from $1,249 to $2,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $5,500. Four Bedroom Single-Family rentals are also available starting from $250 and Four Bedroom Apartments start at $2,300.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.