
Cheap Apartments for Rent in Cheboygan, MI from $575 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Cheboygan.


Lighthouse Village

Cheboygan Shores

Presque Isle Estates

Lake Shore Estates

Thunder Bay Estates

PARK MEADOW APARTMENTS

Green Meadows Apartments
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.

321 W Mcmillan Ave, Unit 1

4304 Kateri Ln, Unit A

Pines45 Apartments

Hillside Club Apartments

13425 S Bugai Rd, Unit 1

Total Monthly Price
1102 Bridge St

663 court st, Unit 2 upstairs apartment

Aspen Village
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.

The Annex

7621 Thomas St, Unit 1

SPRING HARBOR APARTMENTS - No Vacancy

The Block at Petoskey

Little Traverse Village

5713 Creeks Crossing N, Unit 5713 CREEKS CROSSING N, W

301 S Maple Ave, Unit 301 S Maple

511 E 3rd St, Unit Apt C
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Bear Creek Meadows - Petoskey, MI

10944 N Mackinaw Hwy

808 Sherman St

Bingham Apartments - 55+ Community

Victories Square

Osborn Commons

Hidden Brook Manor

Pinecrest Manor
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.

W1215 Cedar Ln

Stargate Motel

Huron Apartments

Inland Lakes Motel

1008 Tweed St

Lighthouse Gardens Apartments

Totem Lodges

110 9th Ave W
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.
Cheboygan, MI Local Guide

How much does it cost to rent an apartment in Cheboygan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheboygan Studio Apartments | $1,158 | $995 | $1,325 |
| Cheboygan 1 Bedroom Apartments | $1,531 | $800 | $3,000 |
| Cheboygan 2 Bedroom Apartments | $1,706 | $575 | $2,994 |
| Cheboygan 3 Bedroom Apartments | $1,697 | $750 | $2,995 |
| Cheboygan 4 Bedroom Apartments | $1,575 | $1,575 | $1,575 |
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Cheboygan, MI Local Guide
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Cheapest Available Cheboygan Apartments for Rent and Nearby
 The cheapest available apartment rental in Cheboygan, MI is a 2 Beds unit found at Presque Isle Estates priced from $575. Mackinaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $855. Here is today’s list of the most affordable Cheboygan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $855 |
| Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1,146 |
| The Annex | Unit 5 | 1BR,1BA | $1,200 |
| Aspen Village | New Double-Wide | 3BR,1BA | $1,200 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,350 |
| Osborn Commons | 2x1 | 2BR,1BA | $1,350 |
| The Block at Petoskey | 1BB Workforce Housing Unit* | 1BR,1BA | $1,525 |
Best Value Apartments for Rent in Cheboygan, MI and Nearby
As of September 10, 2026 the best value apartment in the Cheboygan area is the $0.75 price per square foot 805 Expressway Ct Model at 805 Expressway Ct, Unit Unit A in the starting from $3,000. The second greatest value Cheboygan apartment is the 2x1 Model at Osborn Commons starting at $1,350 with a $1.25 price per square foot . Here is today’s list of the best values for Cheboygan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 805 Expressway Ct, Unit Unit A | 805 Expressway Ct | 1BR,1BA | $0.75 |
| Osborn Commons | 2x1 | 2BR,1BA | $1.25 |
| 1102 Bridge St | 1102 Bridge St | 2BR,1BA | $1.78 |
| Edge 72 | Traveler | 1BR,1BA | $1.92 |
| 13425 S Bugai Rd, Unit 1 | 13425 S Bugai Rd | 2BR,1BA | $1.41 |
| 4304 Kateri Ln, Unit A | 4304 Kateri Ln | 2BR,1BA | $1.16 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.12 |
| The Annex | Unit 3 | 1BR,1BA | $1.66 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.76 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Read ArticleQuick 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.
Best Local Schools in Cheboygan, MI
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Cheboygan, MI Rentals by Map
See the most popular apartments and homes in Cheboygan, MI
Frequently Asked Questions about Cheap Cheboygan Apartments
How much is rent for a Cheap One Bedroom Cheboygan Apartment?
The lowest price for a Cheap One Bedroom Cheboygan Apartment is $1,146 at Lighthouse Gardens Apartments.
What is the lowest price for a Cheap Two Bedroom Cheboygan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cheboygan is starting from $575 at Presque Isle Estates.
What is the most affordable Cheboygan Three Bedroom Apartment?
The best deal on a cheap Cheboygan Three Bedroom Apartment rental is at Presque Isle Estates and starts from $750.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.