
Cheap Apartments for Rent in Cheboygan, MI from $300 (34 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
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.

104 State St

Pines45 Apartments

Hillside Club Apartments

Total Monthly Price
13425 S Bugai Rd, Unit 1

The Annex

Aspen Village

SPRING HARBOR APARTMENTS - No Vacancy

Little Traverse Village
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.

The Block at Petoskey

608 E Easterday Ave

Pinecrest

Bear Creek Meadows - Petoskey, MI

Edge 72

Total Monthly Price
Legends Morgan Farms

Bingham Apartments - 55+ Community

Victories Square
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.

Osborn Commons

Hidden Brook Manor

Pinecrest Manor

Stargate Motel

Huron Apartments

Inland Lakes Motel

Lighthouse Gardens Apartments

7 Evergreen Dr
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.

Totem Lodges

Glen Haven Circle
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 | $1,095 | $1,095 | $1,095 |
| Cheboygan 1 Bedroom Apartments | $1,462 | $790 | $2,215 |
| Cheboygan 2 Bedroom Apartments | $1,580 | $575 | $2,994 |
| Cheboygan 3 Bedroom Apartments | $1,535 | $750 | $3,050 |
Browse Top Apartments in Cheboygan
See all Apartments in CheboyganExplore Cheboygan
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 Osborn Commons priced from $437. Presque Isle Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Cheboygan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Osborn Commons | Two Bedroom | 2BR,1BA | $437 |
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Thunder Bay Estates | D3 | 2BR,1BA | $675 |
| Lake Shore Estates | 41 | 2BR,1BA | $675 |
| Hidden Brook Manor | 1 Bed | 1BR,1BA | $790 |
| Pinecrest Manor | 1 Bed | 1BR,1BA | $794 |
| 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 |
Best Value Apartments for Rent in Cheboygan, MI and Nearby
As of June 10, 2026 the best value apartment in the Cheboygan area is the $1.47 price per square foot Birch Model at Pines45 Apartments in the starting from $1,635. The second greatest value Cheboygan apartment is the Two Bedroom Model at Osborn Commons starting at $437 with a $0.41 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. |
|---|---|---|---|
| Pines45 Apartments | Birch | 2BR,2BA | $1.47 |
| Osborn Commons | Two Bedroom | 2BR,1BA | $0.41 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.62 |
| 13425 S Bugai Rd, Unit 1 | 13425 S Bugai Rd | 2BR,1BA | $1.41 |
| Lake Shore Estates | 41 | 2BR,1.5BA | $0.80 |
| The Annex | Unit 3 | 1BR,1BA | $1.66 |
| Thunder Bay Estates | D3 | 2BR,1BA | $0.94 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Pinecrest Manor | 1 Bed | 1BR,1BA | $1.32 |
| Hidden Brook Manor | 1 Bed | 1BR,1BA | $1.32 |
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 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
School data provided by Great Schools
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 $790 at Hidden Brook Manor.
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 $437 at Osborn Commons.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.

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.

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.