
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
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.

Bay Hill I

Green Meadows Apartments

Hillside Club Apartments

Lighthouse Gardens Apartments

Cadillac Lofts
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.

The Flats at Carriage Commons

Pines45 Apartments

614 W Mitchell St, Unit UnitA
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

314 E Pine St
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 | $1,374 | $1,071 | $3,000 |
Elk Rapids 1 Bedroom Apartments | $1,570 | $746 | $2,800 |
Elk Rapids 2 Bedroom Apartments | $1,937 | $862 | $3,800 |
Elk Rapids 3 Bedroom Apartments | $2,196 | $1,033 | $3,600 |
Elk Rapids 4 Bedroom Apartments | $1,608 | $1,608 | $1,608 |
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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 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. Annika Place in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $476. Here is today’s list of the most affordable Elk Rapids apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ruth Park | Two Bedroom | 2BR,1BA | $454 |
Annika Place | Two Bedroom | 2BR,1BA | $476 |
Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1,028 |
The Flats at Carriage Commons | One Bedroom | 1BR,1BA | $1,081 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
Best Value Apartments for Rent in Elk Rapids, MI and Nearby
As of July 25, 2025 the best value apartment in the Elk Rapids area is the $1.87 price per square foot Furnished Single Family Model at Woodbury Estates - SINGLE FAMILY HOMES in the starting from $2,999. The second greatest value Elk Rapids apartment is the Cedar Model at Pines45 Apartments starting at $1,750 with a $1.48 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. |
---|---|---|---|
Woodbury Estates - SINGLE FAMILY HOMES | Furnished Single Family | 3BR,2BA | $1.87 |
Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
Ruth Park | Three Bedroom | 3BR,2BA | $1.61 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
Annika Place | Two Bedroom | 2BR,1BA | $0.52 |
Legends Morgan Farms | Harbor | 1BR,1BA | $2.31 |
Cadillac Lofts | 2-Bedroom | 2BR,1BA | $2.04 |
Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.62 |
The Flats at Carriage Commons | Studio | Studio ,1BA | $2.19 |
Quick Rent Budget Calculator
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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 $1,050 at Lighthouse Gardens 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 $454 at Ruth Park.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.