503 Jupiter St
GwinnMI49841
Cheap Homes for Rent in Grand Marais, MI from $700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Grand Marais.
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.
517 1st Ave S
EscanabaMI49829
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.
131 Elm St, Unit 1
131 Elm St
GwinnMI49841
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Grand Marais, MI Local Guide
Wooded train tracks by rob b is licensed under CC BY 2.0
How much does it cost to rent a home in Grand Marais?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Marais 2 Bedroom Homes for Rent | $1,247 | $995 | $1,500 |
| Grand Marais 3 Bedroom Homes for Rent | $1,562 | $750 | $2,200 |
| Grand Marais 4 Bedroom Homes for Rent | $2,233 | $1,100 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Grand Marais, MI Local Guide
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Best Value Apartments for Rent in Grand Marais, MI and Nearby
As of June 06, 2026 the best value apartment in the Grand Marais area is the $0.41 price per square foot Two Bedroom Model at Osborn Commons in the starting from $437. The second greatest value Grand Marais apartment is the 2BR Model at 710 Chippewa Sq starting at $1,650 with a $1.56 price per square foot . Here is today’s list of the best values for Grand Marais apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Osborn Commons | Two Bedroom | 2BR,1BA | $0.41 |
| 710 Chippewa Sq | 2BR | 2BR,1BA | $1.56 |
| Rolling Meadows Apartments | Upper Level | 2BR,1BA | $2.04 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.62 |
| The Block at Petoskey | 2B Rent & Income Restrictions Apply | 2BR,1BA | $1.93 |
| Freewheel Apartments | A1 - 1 Bedroom Suite | 1BR,1BA | $2.77 |
| Crivitz Estates | 1 bedroom | 1BR,1BA | $0.96 |
| The Annex | Unit 3 | 1BR,1BA | $1.66 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.05 |
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
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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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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See the most popular apartments and homes in Grand Marais, MI
Frequently Asked Questions about Grand Marais
What type of rentals are currently available in Grand Marais?
There are currently 42 Apartments for Rent in Grand Marais, MI with pricing that ranges from $600 to $2,800. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Marais ranging from $750 to $2,900.
What is the current price range for Rental Homes in Grand Marais?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Marais ranges from $750 to $2,900 with an average monthly rent of $1,497.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.