Cheap Homes for Rent in Beaver Island, MI from $1,100 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Beaver Island.

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.

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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.

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Beaver Island, MI Local Guide

Cheapest Available Beaver Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Beaver Island, MI is a 2 Beds unit found at Annika Place in the Downtown Traverse City neighborhood priced from $476. Lighthouse Gardens Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,028. Here is today’s list of the most affordable Beaver Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Annika PlaceTwo Bedroom2BR,1BA$476
Lighthouse Gardens Apartments2Br2BR,1BA$1,028
The Flats at Carriage CommonsStudioStudio,1BA$1,083

Best Value Apartments for Rent in Beaver Island, MI and Nearby

As of July 16, 2025 the best value apartment in the Beaver Island area is the $1.61 price per square foot Three Bedroom Model at Ruth Park in the in the Downtown Traverse City neighborhood starting from $1,800. The second greatest value Beaver Island apartment is the Northport Model at Legends Morgan Farms starting at $1,980 with a $1.91 price per square foot . Here is today’s list of the best values for Beaver Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ruth ParkThree Bedroom3BR,2BA$1.61
Legends Morgan FarmsNorthport2BR,2BA$1.91
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Pines45 ApartmentsAlpine1BR,1BA$1.73
The AnnexUnit 31BR,1BA$1.58
Chelsea Park WestArcadia1BR,1BA$2.32
Bayview of Traverse City1 Bedroom 1 Bathroom Apartment1BR,1BA$2.33
Annika PlaceOne Bedroom1BR,1BA$1.79
Lighthouse Gardens Apartments1Br1BR,1BA$1.62

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Frequently Asked Questions about Beaver Island

What type of rentals are currently available in Beaver Island?

There are currently 45 Apartments for Rent in Beaver Island, MI with pricing that ranges from $775 to $3,800. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Beaver Island ranging from $1,100 to $5,500.

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 $1,100 to $5,500 with an average monthly rent of $2,351.

How much are larger Three and Four Bedroom Rentals in Beaver Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Beaver Island range from $1,033 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,608.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.