
Cheap Apartments for Rent in Elk Rapids, MI from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Elk Rapids.


PARK MEADOW APARTMENTS

Bay Hill I

Green Meadows Apartments
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.

Hillside Club Apartments

Lighthouse Gardens Apartments

Cadillac Lofts

Pines45 Apartments

SPRING HARBOR APARTMENTS
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.

614 W Mitchell St, Unit UnitA

314 E Pine St
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Elk Rapids, MI Local Guide

How much does it cost to rent an apartment in Elk Rapids?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elk Rapids Studio Apartments | $1,171 | $1,071 | $1,340 |
Elk Rapids 1 Bedroom Apartments | $1,549 | $694 | $2,474 |
Elk Rapids 2 Bedroom Apartments | $1,920 | $818 | $3,302 |
Elk Rapids 3 Bedroom Apartments | $2,244 | $1,040 | $3,649 |
Elk Rapids 4 Bedroom Apartments | $1,608 | $1,608 | $1,608 |
Browse Top Apartments in Elk Rapids
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Elk Rapids, MI Local Guide
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Cheapest Available Elk Rapids Apartments for Rent and Nearby
 The cheapest available apartment rental in Elk Rapids, MI is a 1 Bed unit found at Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Lighthouse Gardens Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,028. Here is today’s list of the most affordable Elk Rapids apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parkview Apartments | One bedroom | 1BR,1BA | $694 |
Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1,028 |
Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,200 |
Garfield Oaks | One Bedroom | 1BR,1BA | $1,200 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
Best Value Apartments for Rent in Elk Rapids, MI and Nearby
As of September 09, 2025 the best value apartment in the Elk Rapids area is the $1.48 price per square foot Cedar Model at Pines45 Apartments in the starting from $1,750. The second greatest value Elk Rapids apartment is the Longitude South Model at Ridge45 Apartments starting at $1,905 with a $1.72 price per square foot . Here is today’s list of the best values for Elk Rapids apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
Ridge45 Apartments | Longitude South | 2BR,2BA | $1.72 |
Chelsea Park West | Dune | 2BR,2BA | $1.76 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
Legends Morgan Farms | Leland Bay | 1BR,1BA | $1.77 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.46 |
Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
Pine Hills and Cedar Hills Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.87 |
Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.62 |
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Best Local Schools in Elk Rapids, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Elk Rapids, MI
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elk Rapids Apartments
How much is rent for a Cheap One Bedroom Elk Rapids Apartment?
The lowest price for a Cheap One Bedroom Elk Rapids Apartment is $694 at Parkview Apartments.
What is the lowest price for a Cheap Two Bedroom Elk Rapids Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elk Rapids is starting from $818 at Parkview Apartments.
What is the most affordable Elk Rapids Three Bedroom Apartment?
The best deal on a cheap Elk Rapids Three Bedroom Apartment rental is at Lighthouse Gardens Apartments and starts from $1,357.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.