Cheap Apartments for Rent in Elk Rapids, MI from $400 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
close
View Me
122 Hancock St
Studio to 3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Elk Rapids, MI Local Guide

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. Stargate Motel has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Elk Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkview ApartmentsOne bedroom1BR,1BA$694
Stargate MotelDbl Queen.2BR,1BA$800
Inland Lakes MotelSingle Queen1BR,1BA$825
Harbour Ridge ApartmentsOne Bed One Bath1BR,1BA$1,160
Ruth ParkTwo Bedroom2BR,1BA$1,170

Best Value Apartments for Rent in Elk Rapids, MI and Nearby

As of February 01, 2026 the best value apartment in the Elk Rapids area is the $1.43 price per square foot Momma Bear - Upper Model at Bear Creek Meadows - Petoskey, MI in the starting from $1,575. The second greatest value Elk Rapids apartment is the Pinecrest Model at Pinecrest starting at $1,622 with a $1.54 price per square foot . Here is today’s list of the best values for Elk Rapids apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bear Creek Meadows - Petoskey, MIMomma Bear - Upper2BR,2BA$1.43
PinecrestPinecrest2BR,2BA$1.54
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen Apartments2x22BR,2BA$1.28
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.74
Alger Apartments2 bed - 2 bath2BR,2BA$1.41
Legends Morgan FarmsLeland1BR,1BA$1.78
Annika PlaceTwo Bedroom2BR,1BA$1.56
Pines45 ApartmentsAlpine1BR,1BA$1.73
Parkview ApartmentsOne bedroom1BR,1BA$0.95

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elk Rapids, MI Rentals by Map

View Map
Elk Rapids, MI Apartments Map
View Map
Elk Rapids, MI Rental Homes Map

Frequently Asked Questions about Cheap Elk Rapids Apartments

What is the Cheapest Studio apartment in Elk Rapids?

Currently the most affordable Cheap Studio Apartment in Elk Rapids is at Studio's at The Vic listed at $1,199.

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 $800 at Stargate Motel.

What is the most affordable Elk Rapids Three Bedroom Apartment?

The best deal on a cheap Elk Rapids Three Bedroom Apartment rental is at Brookside Commons and starts from $1,221.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.