
Cheap Apartments for Rent in Alpena, MI from $300 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Alpena.


1006 S State Ave

402 Fair St

Thunder Bay Apartments

Pinebrook

Pine Meadow 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.

Springtree Apartments

Pine Meadow Village Apartments

Samaritas Affordable Living of Alpena

Carriage House Senior Citizen Apartments

Hidden Brook Manor

Pinecrest Manor
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.

Alger Apartments

Pines45 Apartments

Presque Isle Estates

AuSable Valley Apartments

Green Meadows Apartments

PARK MEADOW APARTMENTS
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.

Stargate Motel

Mackinaw Apartments

Lighthouse Village

Jamestown Apartments

Cheboygan Shores

Totem Lodges
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.

Huron Apartments

Inland Lakes Motel
Alpena, MI Local Guide

How much does it cost to rent an apartment in Alpena?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alpena Studio Apartments | $990 | $885 | $1,095 |
| Alpena 1 Bedroom Apartments | $1,207 | $800 | $1,380 |
| Alpena 2 Bedroom Apartments | $1,279 | $575 | $1,850 |
| Alpena 3 Bedroom Apartments | $1,301 | $750 | $1,990 |
Browse Top Apartments in Alpena
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Alpena, MI Local Guide
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Cheapest Available Alpena Apartments for Rent and Nearby
 The cheapest available apartment rental in Alpena, MI is a 2 Beds unit found at Presque Isle Estates priced from $575. Thunder Bay Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Alpena apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Thunder Bay Estates | C22 | 2BR,1BA | $675 |
| Lake Shore Estates | 39 | 3BR,2BA | $800 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $845 |
| Sawmill Lofts | 1 Bedroom - 1 Bath | 1BR,1BA | $1,150 |
| Aspen Village | New Double-Wide | 3BR,1BA | $1,200 |
Best Value Apartments for Rent in Alpena, MI and Nearby
As of July 29, 2026 the best value apartment in the Alpena area is the $0.75 price per square foot 39 Model at Lake Shore Estates in the starting from $800. The second greatest value Alpena apartment is the Two Bedroom Model at Mackinaw Apartments starting at $845 with a $1.11 price per square foot . Here is today’s list of the best values for Alpena apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Shore Estates | 39 | 3BR,2BA | $0.75 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.11 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Thunder Bay Estates | C22 | 2BR,1BA | $1.01 |
| Sawmill Lofts | 1 Bedroom - 1 Bath | 1BR,1BA | $2.42 |
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.
Best Local Schools in Alpena, MI
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alpena, MI Rentals by Map
See the most popular apartments and homes in Alpena, MI
Frequently Asked Questions about Cheap Alpena Apartments
How much is rent for a Cheap One Bedroom Alpena Apartment?
The lowest price for a Cheap One Bedroom Alpena Apartment is $1,150 at Sawmill Lofts.
What is the lowest price for a Cheap Two Bedroom Alpena Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alpena is starting from $575 at Presque Isle Estates.
What is the most affordable Alpena Three Bedroom Apartment?
The best deal on a cheap Alpena 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.