
Cheap Homes for Rent near Alpena, MI from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Alpena.


Total Monthly Price
7534 U.S. 23-SI ID1539829P, Unit SI ID1539829P

8542 Park Ave

Total Monthly Price
7536 U.S. 23-SI ID1539825P, Unit SI ID1539825P
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.

1596 Lake St

8630 Park Ave

8628 Sandy St

8727 Sandy St
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.

10944 N Mackinaw Hwy
Alpena, MI Local Guide

How much does it cost to rent a home in Alpena?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alpena 2 Bedroom Homes for Rent | $1,462 | $1,425 | $1,500 |
| Alpena 3 Bedroom Homes for Rent | $1,459 | $1,349 | $1,600 |
| Alpena 4 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Alpena
Explore Alpena
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 |
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.
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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 Alpena
What type of rentals are currently available in Alpena?
There are currently 41 Apartments for Rent in Alpena, MI with pricing that ranges from $575 to $5,693. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alpena ranging from $1,349 to $2,300.
What is the current price range for Rental Homes in Alpena?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alpena ranges from $1,349 to $2,300 with an average monthly rent of $1,740.
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.