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from $600Studio to 1 Bedroom Apartments Available Now
122 Hancock St
122 Hancock StManistee, MI 49660
Cheap Apartments for Rent in Elk Rapids, MI from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Elk Rapids.
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from $7751 to 3 Bedroom Apartments Available Sep 1
PARK MEADOW APARTMENTS
1316 Park Meadow DrGaylord, MI 49735
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from $8611 to 3 Bedroom Apartments Contact Us For Availability
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
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from $8622 Bedroom Apartments Contact Us For Availability
Green Meadows Apartments
900 Northmeadow DrGaylord, MI 49735
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.
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from $8741 to 3 Bedroom Apartments Contact Us For Availability
Hillside Club Apartments
501 Valley Ridge DrPetoskey, MI 49770
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from $1,071Studio to 2 Bedroom Apartments Available Jul 1
Cadillac Lofts
207 S Mitchell StCadillac, MI 49601
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from $1,083Studio Apartments Available Now
The Flats at Carriage Commons
1389 Carriage View LnTraverse City, MI 49686
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.
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from $1,095Studio to 3 Bedroom Apartments Available Now
Pines45 Apartments
45 Fraser BlvdGaylord, MI 49735
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from $1,1201 to 2 Bedroom Apartments Contact Us For Availability
Harbour Ridge Apartments
3686 Matador WTraverse City, MI 49684
210 E Tenth St
Traverse CityMI49684
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from $1,1501 to 2 Bedroom Apartments Contact Us For Availability
Lake Pointe Village
1646 Maple Ridge WayTraverse City, MI 49686
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from $1,2001 to 2 Bedroom Apartments Contact Us For Availability
Pine Hills and Cedar Hills Apartments
6444 Cedar RunTraverse City, MI 49684
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.
3011 N Garfield Rd
Traverse CityMI49686
2276 S M-37, Unit B
2276 S M-37
Traverse CityMI49685
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314 E Pine St
CadillacMI49601
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Elk Rapids, MI Local Guide
Detroit style pizza by J Wynia is licensed under CC BY 2.0
How much does it cost to rent an apartment in Elk Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk Rapids Studio Apartments | $1,044 | $600 | $1,275 |
| Elk Rapids 1 Bedroom Apartments | $1,526 | $775 | $2,560 |
| Elk Rapids 2 Bedroom Apartments | $1,986 | $862 | $6,000 |
| Elk Rapids 3 Bedroom Apartments | $2,135 | $1,033 | $3,600 |
Browse Top Apartments in Elk Rapids
See all Apartments in Elk RapidsExplore Elk Rapids
Elk Rapids, MI Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Elk Rapids Apartments for Rent and Nearby
The cheapest available apartment rental in Elk Rapids, MI is a Studio unit found at 122 Hancock St priced from $600. The Flats at Carriage Commons has the second lowest priced unit, which is a Studio apartment currently listed from $1,083. Here is today’s list of the most affordable Elk Rapids apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 122 Hancock St | Unit 3 | Studio,1BA | $600 |
| The Flats at Carriage Commons | Studio | Studio,1BA | $1,083 |
| Annika Place | One Bedroom | 1BR,1BA | $1,222 |
| Alger Apartments | 2 Bedroom - 2 Bath | 2BR,2BA | $1,425 |
| Brookside Commons | Three Bedroom | 3BR,2BA | $1,485 |
Best Value Apartments for Rent in Elk Rapids, MI and Nearby
As of June 09, 2025 the best value apartment in the Elk Rapids area is the $1.18 price per square foot Three Bedroom Model at Brookside Commons in the starting from $1,485. 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. |
|---|---|---|---|
| Brookside Commons | Three Bedroom | 3BR,2BA | $1.18 |
| Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
| Ruth Park | Three Bedroom | 3BR,2BA | $1.61 |
| Ridge45 Apartments | Solstice South IV | 2BR,2BA | $1.69 |
| Bear Creek Meadows - Petoskey, MI | Momma Bear - Upper | 2BR,2BA | $1.39 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
| Alger Apartments | 2 Bedroom - 2 Bath | 2BR,2BA | $1.48 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $2.23 |
| Chelsea Park West | Arcadia | 1BR,1BA | $2.20 |
| Annika Place | One Bedroom | 1BR,1BA | $1.79 |
Quick Rent Budget Calculator
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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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Best Local Schools in Elk Rapids, MI
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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 $950 at 122 Hancock St.
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 $1,425 at Alger 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 Brookside Commons and starts from $1,485.
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 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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.