
Cheap Apartments for Rent in Hancock, MI from $500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Hancock.


Anthony Street Apartments

512 Quincy St

723 Quincy St

Total Monthly Price
216 W Peck St

Silver Creek Mobile Home Estates

505 Jupiter St

Canda Manor Apartments
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.

Gazette Apartments

308 Lake St, Unit Apt 2

Total Monthly Price
22694 Pinewood Rd, Unit 1

Wright Street

Tourville Apartments

223 W Ridge St, Unit #4B

Woodview Village Apartments

14 Vivian St
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.

529 N 4th St, Unit Apt #1

403 E Park St

57594 Caledonia St

501 Iron St

Northwoods Apartments

109 5th St

Total Monthly Price
214 8th St, Unit Upper

400 Pewabic St
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.

710 Chippewa Sq

206 West Bluff Street

Total Monthly Price
The Residences at Harbor Vista

Greenwood Apartments

Black Rock Crossing

Birch Grove Mobile Homes

Copper Lantern

312-326 Commando St
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.

211 E High St

132 E Main St

416 Bank St

702 Champion St

307 Vivian St

1110 College Ave

1409 Norway Ave

Rockbridge
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.
Hancock, MI Local Guide

How much does it cost to rent an apartment in Hancock?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hancock Studio Apartments | $1,734 | $1,195 | $2,150 |
| Hancock 1 Bedroom Apartments | $1,805 | $500 | $2,600 |
| Hancock 2 Bedroom Apartments | $1,715 | $600 | $2,800 |
| Hancock 3 Bedroom Apartments | $2,126 | $1,705 | $2,595 |
| Hancock 4 Bedroom Apartments | $2,925 | $2,850 | $3,000 |
Browse Top Apartments in Hancock
See all Apartments in HancockExplore Hancock
Hancock, MI Local Guide
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Cheapest Available Hancock Apartments for Rent and Nearby
 The cheapest available apartment rental in Hancock, MI is a 1 Bed unit found at Black Rock Crossing priced from $314. Silver Creek Mobile Home Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Hancock apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Black Rock Crossing | 1x1 | 1BR, 1BA | $314 |
| Silver Creek Mobile Home Estates | 2 Beds, 1 bath | 2BR, 1BA | $600 |
| 501 Iron St | 4 | Studio, 1BA | $1,195 |
| 109 5th St | Furnished Studio | 1BR, 1BA | $1,300 |
| The Elements | Style A | 1BR, 1BA | $1,350 |
| 710 Chippewa Sq | 2BR | 2BR, 1BA | $1,650 |
| The Residences at Harbor Vista | 1 Bdrm Unit at Harbor Vista I | 1BR, 1BA | $1,950 |
Best Value Apartments for Rent in Hancock, MI and Nearby
As of September 22, 2026 the best value apartment in the Hancock area is the $0.67 price per square foot 223 W Ridge St Model at 223 W Ridge St, Unit #4B starting from $975. The second greatest value Hancock apartment is the 2216 Longyear Ave Model at 2216 Longyear Ave, Unit 2216 starting at $2,850 with a $2.38 price per square foot. Here is today’s list of the best values for Hancock apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 223 W Ridge St, Unit #4B | 223 W Ridge St | 2BR, 1.5BA | $0.67 |
| 2216 Longyear Ave, Unit 2216 | 2216 Longyear Ave | 4BR, 2BA | $2.38 |
| 710 Chippewa Sq | 2BR | 2BR, 1BA | $1.56 |
| Rolling Meadows Apartments | Upper Level | 2BR, 1BA | $2.04 |
| 412 High St, Unit 1 | 412 High St | 2BR, 2BA | $1.85 |
| 411 W Baraga Ave | 3/1.5 | 3BR, 1.5BA | $2.20 |
| Freewheel Apartments | A1 - 1 Bedroom Suite | 1BR, 1BA | $2.54 |
| The Elements | Classic | 2BR, 1BA | $2.17 |
| Black Rock Crossing | 1x1 | 1BR, 1BA | $0.47 |
| High Gate Apartments | Efficiency | 1BR, 1BA | $2.11 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hancock, MI Rentals by Map
See the most popular apartments and homes in Hancock, MI
Frequently Asked Questions about Cheap Hancock Apartments
What is the Cheapest Studio apartment in Hancock?
Currently the most affordable Cheap Studio Apartment in Hancock is at 501 Iron St listed at $1,195.
How much is rent for a Cheap One Bedroom Hancock Apartment?
The lowest price for a Cheap One Bedroom Hancock Apartment is $314 at Black Rock Crossing.
What is the lowest price for a Cheap Two Bedroom Hancock Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Hancock is starting from $600 at Silver Creek Mobile Home Estates.
What is the most affordable Hancock Three Bedroom Apartment?
The best deal on a cheap Hancock Three Bedroom Apartment rental is at 411 W Baraga Ave and starts from $2,195.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.