Cheap Apartments for Rent near Elwell, MI from $425 (49 Rentals)

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

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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Brookwood Manor
1 to 2 Bedroom Apartments

Brookwood Manor

202 Mary StClare, MI 48617
  • Utilities Included
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Shepley Apartments
1 to 2 Bedroom Apartments

Shepley Apartments

711 Fairway DrSt. Louis, MI 48880
Corporate Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Woodside Apartments
1 to 2 Bedroom Apartments

Woodside Apartments

1535 E Bellows StMt. Pleasant, MI 48858
  • Utilities Included
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Bridge Street North
1 to 2 Bedroom Apartments

Bridge Street North

1050 Bridge AveAlma, MI 48801
Corporate Housing
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Linden Apartments
1 to 2 Bedroom Apartments

Linden Apartments

430 E Grove StCarson City, MI 48811
  • Utilities Included
property at 706 S Arnold St

$900 - $1,600

1 To 3 Bedroom Rentals

Available Sep 10

706 S Arnold St

Mt. PleasantMI48858
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Lyons Lofts
1 to 2 Bedroom Apartments

Lyons Lofts

304 E Bridge StLyons, MI 48851

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.

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Showing Results 1-49, Page 1 of 1

Elwell, MI Local Guide

Cheapest Available Elwell Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elwell, MI is a 1 Bed unit found at Gaylord Street Apartments priced from $545. Parkside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $598. Here is today’s list of the most affordable Elwell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gaylord Street ApartmentsGaylord Apartment1BR,1BA$545
Parkside ApartmentsOne Bedroom1BR,1BA$598
Wright Ave ApartmentsOne Bedroom1BR,1BA$600
Rivers Edge Apartments1 Bedroom1BR,1BA$650
Mary Court Place ApartmentsTownhome2BR,1BA$750
French Quarters Apartments2-Bedroom2BR,1BA$825
Horizon Court Apartments2 Bed2BR,1BA$850
Oak Tree Village ApartmentsOne Bedroom Garden1BR,1BA$850
Sturgis Crossings9042BR,1BA$850
Circle Shore ApartmentsCircle Shore2BR,1BA$869

Best Value Apartments for Rent in Elwell, MI and Nearby

As of August 24, 2026 the best value apartment in the Elwell area is the $0.30 price per square foot Townhome Model at Appian Way Apartments in the starting from $425. The second greatest value Elwell apartment is the Unit 17 Model at Cherry Street Town Houses starting at $1,300 with a $0.95 price per square foot . Here is today’s list of the best values for Elwell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Appian Way ApartmentsTownhome4BR,2BA$0.30
Cherry Street Town HousesUnit 174BR,1.5BA$0.95
Michigan Edgewood4 Bed/1.5 Bath4BR,1.5BA$1.08
Cambridge Terrace2L - 2 Bedroom Lower2BR,1BA$1.06
The Edge at 1815 - Student HousingTwo Bedroom One Bathroom2BR,2BA$0.51
Heritage ArmsThe Emerson2BR,1BA$1.04
Mary Court Place ApartmentsTownhome2BR,1BA$0.88
Village at BluegrassB12BR,2BA$0.65
Circle Shore ApartmentsCircle Shore2BR,1BA$1.06
Parkside ApartmentsOne Bedroom1BR,1BA$1.04

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

Explore Elwell, MI Rentals by Map

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See the most popular apartments and homes in Elwell, MI

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Frequently Asked Questions about Cheap Elwell Apartments

How much is rent for a Cheap One Bedroom Elwell Apartment?

The lowest price for a Cheap One Bedroom Elwell Apartment is $545 at Gaylord Street Apartments.

What is the lowest price for a Cheap Two Bedroom Elwell Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elwell is starting from $630 at Parkside Apartments.

What is the most affordable Elwell Three Bedroom Apartment?

The best deal on a cheap Elwell Three Bedroom Apartment rental is at Forest Glen Townhomes and starts from $1,399.

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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.