Cheap Homes for Rent near Eastlake, MI from $850 (11 Rentals)

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Search the lowest-cost Homes 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.

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
  • Smoke Free
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

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.

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

Best Value Apartments for Rent in Eastlake, MI and Nearby

As of September 05, 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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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Eastlake

What type of rentals are currently available in Eastlake?

There are currently 69 Apartments for Rent in Eastlake, MI with pricing that ranges from $390 to $3,500. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Eastlake ranging from $850 to $3,500.

What is the current price range for Rental Homes in Eastlake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Eastlake ranges from $850 to $3,500 with an average monthly rent of $1,890.

How much are larger Three and Four Bedroom Rentals in Eastlake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Eastlake range from $595 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $405.

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.