Cheap Apartments for Rent near Eastlake, MI from $390 (38 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
Furnished

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685
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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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property at 4504 N Lakeshore Dr
$1,400

Total Monthly Price

Base Rent$1,400
Total Monthly Price$1,400
4 Bedroom, 2 Bath Home for Rent
Available Oct 15
Furnished

4504 N Lakeshore Dr

LudingtonMI49431
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Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
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Ruth Park
1 to 3 Bedroom Apartments

Ruth Park

520 Wellington StTraverse 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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122 Hancock St
Studio to 3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660

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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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
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685

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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Showing Results 1-38, 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 Annika Place in the Downtown Traverse City neighborhood priced from $463. Parkview Apartments in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here is today’s list of the most affordable Eastlake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Annika Place1 Bedroom 1 Bath1BR,1BA$463
Parkview ApartmentsOne bedroom1BR,1BA$694
Oak Terrace1 BEDROOM1BR,1BA$796
Brookside Commons2 Bedroom B2BR,1BA$887
105 Hobart St1 bed1BR,1BA$1,075
Buena Vista EstatesTwo Bed One Bath2BR,1BA$1,100
Cadillac Lofts1-Bedroom1BR,1BA$1,256
Townhouse LaneTownhouse Ln2BR,1BA$1,395
Lake District Flats1 Bedroom: Style B1BR,1BA$1,445

Best Value Apartments for Rent in Eastlake, MI and Nearby

As of September 06, 2026 the best value apartment in the Eastlake area is the $0.28 price per square foot 4x2 Model at Oakwood Townhomes in the starting from $469. The second greatest value Eastlake apartment is the 4BR/4BA - A Model at College Town Apartments starting at $450 with a $0.30 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.
Oakwood Townhomes4x24BR,2.5BA$0.28
College Town Apartments4BR/4BA - A4BR,4BA$0.30
Eight Thirty Water TowerThe Derby4BR,2BA$1.52
Townhouse LaneTownhouse Ln2BR,1.5BA$1.29
Brookside Commons2 Bedroom A2BR,1BA$1.37
Campus Creek Townhomes2BR/2BA - Townhome Super4BR,2BA$0.81
Parkview ApartmentsOne bedroom1BR,1BA$0.95
244 5th St, Unit 244.5 - 2nd Floor244 5th St1BR,1BA$1.50
Oak Terrace1 BEDROOM1BR,1BA$1.38
Rapids Apartments4BR/2BA4BR,2BA$1.61

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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Navigating 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.

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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 $50 at Riverview 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 $887 at Brookside Commons.

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.

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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.

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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.

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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.