
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
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.

Springtree Apartments

Pine Meadow Village Apartments

Samaritas Affordable Living of Alpena

Carriage House Senior Citizen Apartments

Hidden Brook Manor

Pinecrest Manor
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.

Pines45 Apartments

Alger Apartments

Presque Isle Estates

AuSable Valley Apartments

Green Meadows Apartments

PARK MEADOW APARTMENTS
Cash 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.

Stargate Motel

Mackinaw Apartments

Lighthouse Village

Jamestown Apartments

Cheboygan Shores

Totem Lodges
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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 | $1,245 | $800 | $1,790 |
| Alpena 2 Bedroom Apartments | $1,298 | $575 | $1,874 |
| 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. Lake Shore 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 |
| Lake Shore Estates | 41 | 2BR,1BA | $675 |
| Thunder Bay Estates | D3 | 2BR,1BA | $675 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $835 |
| Aspen Village | New Double-Wide | 3BR,1BA | $1,200 |
| Pines45 Apartments | Birch | 2BR,2BA | $1,635 |
Best Value Apartments for Rent in Alpena, MI and Nearby
As of June 12, 2026 the best value apartment in the Alpena area is the $1.47 price per square foot Birch Model at Pines45 Apartments in the starting from $1,635. The second greatest value Alpena apartment is the 41 Model at Lake Shore Estates starting at $675 with a $0.80 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 | Birch | 2BR,2BA | $1.47 |
| Lake Shore Estates | 41 | 2BR,1.5BA | $0.80 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.09 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Thunder Bay Estates | D3 | 2BR,1BA | $0.94 |
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
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 $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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.