
Cheap Homes for Rent in Beaver Island, MI from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Beaver Island.


107 Cass St, Unit Condo #3
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

124 Beech St

9896 Miller Rd

919 S Union St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Beaver Island, MI Local Guide

How much does it cost to rent a home in Beaver Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Beaver Island 2 Bedroom Homes for Rent | $2,628 | $1,850 | $6,000 |
Beaver Island 3 Bedroom Homes for Rent | $2,285 | $1,150 | $3,000 |
Beaver Island 4 Bedroom Homes for Rent | $3,580 | $2,200 | $5,800 |
Beaver Island 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Beaver Island
Explore Beaver Island
Beaver Island, MI Local Guide
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Cheapest Available Beaver Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Beaver Island, MI is a Studio unit found at The Flats at Carriage Commons priced from $1,083. Garfield Oaks in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Beaver Island apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Flats at Carriage Commons | Studio | Studio,1BA | $1,083 |
Garfield Oaks | 1 Bedroom | 1BR,1BA | $1,200 |
The Annex | Unit 5 | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Beaver Island, MI and Nearby
As of May 31, 2025 the best value apartment in the Beaver Island area is the $1.18 price per square foot Three Bedroom Model at Brookside Commons in the starting from $1,485. The second greatest value Beaver Island apartment is the Cedar Model at Pines45 Apartments starting at $1,750 with a $1.48 price per square foot . Here is today’s list of the best values for Beaver Island apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Brookside Commons | Three Bedroom | 3BR,2BA | $1.18 |
Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
Bear Creek Meadows - Petoskey, MI | Poppa Bear - Lower | 3BR,2BA | $1.46 |
Ridge45 Apartments | Solstice South IV | 2BR,2BA | $1.69 |
Legends Morgan Farms | Northport | 2BR,2BA | $2.04 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
Alger Apartments | 2 Bedroom - 2 Bath | 2BR,2BA | $1.46 |
The Annex | Unit 3 | 1BR,1BA | $1.58 |
Chelsea Park West | Arcadia | 1BR,1BA | $2.19 |
Garfield Oaks | 1 Bedroom | 1BR,1BA | $2.40 |
Quick 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.
Frequently Asked Questions about Beaver Island
What type of rentals are currently available in Beaver Island?
There are currently 43 Apartments for Rent in Beaver Island, MI with pricing that ranges from $775 to $3,800. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Beaver Island ranging from $1,150 to $15,000.
What is the current price range for Rental Homes in Beaver Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Beaver Island ranges from $1,150 to $15,000 with an average monthly rent of $5,005.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.