Cheap Apartments for Rent near Eastlake, MI from $400 (40 Rentals)

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

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.

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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

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.

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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.

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122 Hancock St
Studio to 3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660
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Liv Wildwood
1 to 3 Bedroom Apartments

Liv Wildwood

153 S Wildwood TrlLudington, MI 49431
Corporate Housing
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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
  • Utilities Included

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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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Manitou Woods
1 to 3 Bedroom Apartments

Manitou Woods

1021 Manitou DrTraverse City, MI 49686
  • Utilities Included

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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Showing Results 1-40, Page 1 of 1

Eastlake, MI Local Guide

Cheapest Available Eastlake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Eastlake, MI is a 1 Bed unit found at Oak Terrace priced from $796. 105 Hobart St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Eastlake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Terrace1 BEDROOM1BR,1BA$796
105 Hobart St1 bed1BR,1BA$1,075
Cadillac Lofts1-Bedroom1BR,1BA$1,138
Townhouse LaneTownhouse Ln2BR,1BA$1,395
Lake District Flats1 Bedroom: Style B1BR,1BA$1,445
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,478
Townline FlatsTownline 1 Bedroom Apartments1BR,1BA$1,540
Buena Vista EstatesThree Bed Two Bath3BR,2BA$1,550
Marengo TCMorello1BR,1BA$1,659

Best Value Apartments for Rent in Eastlake, MI and Nearby

As of July 22, 2026 the best value apartment in the Eastlake area is the $1.52 price per square foot The Derby Model at Eight Thirty Water Tower in the starting from $1,760. The second greatest value Eastlake apartment is the Cedar Model at Chelsea Park West starting at $2,150 with a $1.93 price per square foot . Here is today’s list of the best values for Eastlake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eight Thirty Water TowerThe Derby4BR,2BA$1.52
Chelsea Park WestCedar2BR,2BA$1.93
Townhouse LaneTownhouse Ln2BR,1.5BA$1.29
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.46
Hillside ApartmentsAPT 2Studio ,1BA$1.00
Campus Creek Townhomes2BR/2BA - Townhome Super4BR,2BA$0.81
Buena Vista EstatesThree Bed Two Bath3BR,2BA$1.70
217 Arthur St217 Arthur St1BR,1BA$1.14
Oak Terrace1 BEDROOM1BR,1BA$1.38
Rapids Apartments2BR/1BA2BR,1BA$1.72

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 Eastlake, MI Rentals by Map

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See the most popular apartments and homes in Eastlake, MI

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Frequently Asked Questions about Cheap Eastlake Apartments

How much is rent for a Cheap One Bedroom Eastlake Apartment?

The lowest price for a Cheap One Bedroom Eastlake Apartment is $796 at Oak Terrace.

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

Today's best deal for a Cheap Two Bedroom Apartment in Eastlake is starting from $1,395 at Townhouse Lane.

What is the most affordable Eastlake Three Bedroom Apartment?

The best deal on a cheap Eastlake Three Bedroom Apartment rental is at Buena Vista Estates and starts from $1,550.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.