
Cheap Apartments for Rent in Alpena, MI from $300 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Alpena.


Hidden Brook Manor

Pinecrest Manor

Lake Shore Estates

Bingham Apartments - 55+ Community

Thunder Bay Apartments
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.

Pine Meadow Apartments

Pinebrook

Presque Isle Estates

PARK MEADOW APARTMENTS

North Star Rentals

Huron 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.

Stargate 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 | $1,095 | $1,095 | $1,095 |
| Alpena 1 Bedroom Apartments | $1,110 | $790 | $1,480 |
| Alpena 2 Bedroom Apartments | $1,287 | $575 | $1,850 |
| Alpena 3 Bedroom Apartments | $1,212 | $650 | $2,090 |
Browse Top Apartments in Alpena
See all Apartments in AlpenaExplore Alpena
Alpena, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 $650. 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 | B8 | 2BR,1BA | $650 |
| Hidden Brook Manor | 1 Bed | 1BR,1BA | $790 |
| Pinecrest Manor | 1 Bed | 1BR,1BA | $794 |
| Lake Shore Estates | 39 | 3BR,2BA | $800 |
Best Value Apartments for Rent in Alpena, MI and Nearby
As of April 28, 2026 the best value apartment in the Alpena area is the $1.48 price per square foot Cedar Model at Pines45 Apartments in the starting from $1,750. The second greatest value Alpena apartment is the 39 Model at Lake Shore Estates starting at $800 with a $0.75 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. |
|---|---|---|---|
| Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
| Lake Shore Estates | 39 | 3BR,2BA | $0.75 |
| Thunder Bay Estates | B8 | 2BR,1BA | $0.89 |
| Presque Isle Estates | 1520 | 2BR,1BA | $0.94 |
| Pinecrest Manor | 1 Bed | 1BR,1BA | $1.32 |
| Hidden Brook Manor | 1 Bed | 1BR,1BA | $1.32 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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
School data provided by Great Schools
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
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 $650.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.