Cheap Homes for Rent in Grayling, MI from $900 (12 Rentals)

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

Search the lowest-cost Homes available for rent right now in Grayling.

property at 2276 S M-37

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685

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.

Read Article

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.

Read Article
Showing Results 1-12, Page 1 of 1

Grayling, MI Local Guide

Cheapest Available Grayling Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grayling, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. Presque Isle Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Grayling apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$454
Presque Isle Estates16102BR,1BA$575
White Pines - Harrison3 Bedroom3BR,2BA$635
Parkview ApartmentsOne bedroom1BR,1BA$694
VonSteinwehr ApartmentsOne Bedroom1BR,1BA$740

Best Value Apartments for Rent in Grayling, MI and Nearby

As of August 31, 2025 the best value apartment in the Grayling area is the $0.50 price per square foot 3 Bedroom Model at White Pines - Harrison in the in the Allendale neighborhood starting from $635. The second greatest value Grayling 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 Grayling apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
White Pines - Harrison3 Bedroom3BR,2BA$0.50
Pines45 ApartmentsCedar2BR,2BA$1.48
Ruth ParkThree Bedroom3BR,2BA$1.61
Chelsea Park WestDune2BR,2BA$1.74
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Harrison Estates Mobile Home Communitylot 282BR,2.5BA$0.83
Presque Isle Estates15202BR,1BA$0.83
Parkview ApartmentsOne bedroom1BR,1BA$1.06
VonSteinwehr ApartmentsOne Bedroom1BR,1BA$1.17

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

Best Local Schools in
Grayling, MI

School data provided by Great Schools

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

Explore Grayling, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Grayling, MI

View Map
Grayling, MI Apartments Map
View Map
Grayling, MI Rental Homes Map

Frequently Asked Questions about Grayling

What type of rentals are currently available in Grayling?

There are currently 53 Apartments for Rent in Grayling, MI with pricing that ranges from $575 to $3,800. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayling ranging from $900 to $5,500.

What is the current price range for Rental Homes in Grayling?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grayling ranges from $900 to $5,500 with an average monthly rent of $2,516.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.