
Cheap Homes for Rent in Bear Lake, MI from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Bear Lake.


314 E Pine St

10947 S Dalzell Rd

2276 S M-37, Unit B
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.

107 North St

12346 Smith St

3829 Silver Lake Rd

3839 Silver Lake Rd
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.
Bear Lake, MI Local Guide

How much does it cost to rent a home in Bear Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bear Lake 2 Bedroom Homes for Rent | $1,871 | $900 | $2,750 |
| Bear Lake 3 Bedroom Homes for Rent | $2,288 | $400 | $4,500 |
| Bear Lake 4 Bedroom Homes for Rent | $4,666 | $4,000 | $5,500 |
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Bear Lake, MI Local Guide
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Cheapest Available Bear Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Bear Lake, MI is a 1 Bed unit found at Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Bay Hill I in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $997. Here is today’s list of the most affordable Bear Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Bay Hill I | 2C | 2BR,1BA | $997 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Bear Lake, MI and Nearby
As of January 19, 2026 the best value apartment in the Bear Lake area is the $1.88 price per square foot 3 Bed 2 Bath Condo Model at Terrace Bluff Condominiums in the starting from $2,400. The second greatest value Bear Lake apartment is the Explorer Model at Edge 72 starting at $1,925 with a $1.82 price per square foot . Here is today’s list of the best values for Bear Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrace Bluff Condominiums | 3 Bed 2 Bath Condo | 3BR,2BA | $1.88 |
| Edge 72 | Explorer | 2BR,2BA | $1.82 |
| Bay Hill I | 2D | 2BR,2BA | $1.21 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.74 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
| Emerald Creek Apartments | The Harbor | 2BR,1BA | $1.81 |
| Parkview Apartments | One bedroom | 1BR,1BA | $0.95 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.43 |
| Ruth Park | One Bedroom | 1BR,1BA | $1.80 |
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 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
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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 Bear Lake
What type of rentals are currently available in Bear Lake?
There are currently 38 Apartments for Rent in Bear Lake, MI with pricing that ranges from $857 to $3,600. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bear Lake ranging from $400 to $5,500.
What is the current price range for Rental Homes in Bear Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Bear Lake ranges from $400 to $5,500 with an average monthly rent of $2,550.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!