Cheap Apartments for Rent in Central Lake, MI from $400 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Central Lake.

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.

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property at 107 Cass St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Now

107 Cass St, Unit Condo 2

107 Cass St
Traverse CityMI49684
property at 2276 S M-37

$1,200

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685

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.

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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.

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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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Huron Apartments
1 to 2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Corporate Housing
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Stargate Motel
2 to 3 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
  • Utilities Included
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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
Corporate Housing
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Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
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Inland Lakes Motel
1 to 2 Bedroom Apartments

Inland Lakes Motel

1225 S Grandview Beach RdIndian River, MI 49749
Corporate Housing
  • Utilities Included
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Cheboygan Shores
1 Bedroom Apartments

Cheboygan Shores

328 Duncan AveCheboygan, MI 49721
Senior Living
  • Utilities Included

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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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
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Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Totem Lodges
1 to 3 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
  • Utilities Included
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Manitou Woods
1 to 3 Bedroom Apartments

Manitou Woods

1021 Manitou DrTraverse City, MI 49686
  • Utilities Included

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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Showing Results 1-45, Page 1 of 1

Central Lake, MI Local Guide

Cheapest Available Central Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Central Lake, MI is a 1 Bed unit found at Annika Place in the Downtown Traverse City neighborhood priced from $419. Oak Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $796. Here is today’s list of the most affordable Central Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Annika PlaceOne Bedroom1BR,1BA$419
Oak Terrace1 BEDROOM1BR,1BA$796
Bay Hill I2C2BR,1BA$1,023
Aspen VillageNew Double-Wide3BR,1BA$1,200
Brookside CommonsThree Bedroom3BR,2BA$1,213
The Block at Petoskey1BA Rent & Income Restrictions Apply1BR,1BA$1,295
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1,300
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$1,350
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,374
Townhouse LaneTownhouse Ln2BR,1BA$1,395

Best Value Apartments for Rent in Central Lake, MI and Nearby

As of June 06, 2026 the best value apartment in the Central Lake area is the $1.52 price per square foot 3BD/2.5BA Model at Manitou Woods in the starting from $2,025. The second greatest value Central Lake apartment is the Birch Model at Pines45 Apartments starting at $1,635 with a $1.47 price per square foot . Here is today’s list of the best values for Central Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Manitou Woods3BD/2.5BA3BR,2.5BA$1.52
Pines45 ApartmentsBirch2BR,2BA$1.47
Townhouse LaneTownhouse Ln2BR,1.5BA$1.29
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.36
PinecrestPinecrest2BR,2BA$1.62
Alger Apartments2 bed - 2 bath2BR,2BA$1.53
Bay Hill I2C2BR,1BA$1.09
Annika PlaceOne Bedroom1BR,1BA$0.61
Oak Terrace1 BEDROOM1BR,1BA$1.38

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.

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Real 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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Central Lake, MI Rentals by Map

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See the most popular apartments and homes in Central Lake, MI

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Frequently Asked Questions about Cheap Central Lake Apartments

How much is rent for a Cheap One Bedroom Central Lake Apartment?

The lowest price for a Cheap One Bedroom Central Lake Apartment is $419 at Annika Place.

What is the lowest price for a Cheap Two Bedroom Central Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Lake is starting from $1,023 at Bay Hill I.

What is the most affordable Central Lake Three Bedroom Apartment?

The best deal on a cheap Central Lake Three Bedroom Apartment rental is at Aspen Village and starts from $1,200.

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

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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.

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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.

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.