Cheap Apartments for Rent near Lake Ann, MI from $400 (36 Rentals)

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

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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property at 2276 S M-37

$1,200

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685

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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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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122 Hancock St
Studio to 3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660

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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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
  • Utilities Included
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Manitou Woods
1 to 3 Bedroom Apartments

Manitou Woods

1021 Manitou DrTraverse City, MI 49686
  • Utilities Included
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Pinecrest
2 Bedroom Apartments

Pinecrest

1297 Lachaumiere DrPetoskey, MI 49770
  • 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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Showing Results 1-36, Page 1 of 1

Lake Ann, MI Local Guide

Cheapest Available Lake Ann Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Ann, MI is a 1 Bed unit found at Oak Terrace priced from $796. 105 Hobart St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Lake Ann apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Terrace1 BEDROOM1BR,1BA$796
105 Hobart St1 bed1BR,1BA$1,075
Cadillac Lofts1-Bedroom1BR,1BA$1,138
Lighthouse Gardens Apartments1Br1BR,1BA$1,146
The Block at Petoskey1BA Workforce Housing Unit*1BR,1BA$1,295
Townhouse LaneTownhouse Ln2BR,1BA$1,395
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,478
Townline FlatsTownline 1 Bedroom Apartments1BR,1BA$1,540
Buena Vista EstatesThree Bed Two Bath3BR,2BA$1,550
Marengo TCMorello1BR,1BA$1,659

Best Value Apartments for Rent in Lake Ann, MI and Nearby

As of July 24, 2026 the best value apartment in the Lake Ann area is the $1.55 price per square foot Empire Model at Liv East Bay in the starting from $2,965. The second greatest value Lake Ann apartment is the Cedar Model at Chelsea Park West starting at $2,150 with a $1.93 price per square foot . Here is today’s list of the best values for Lake Ann apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Liv East BayEmpire4BR,2.5BA$1.55
Chelsea Park WestCedar2BR,2BA$1.93
Townhouse LaneTownhouse Ln2BR,1.5BA$1.29
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.46
Hillside ApartmentsAPT 2Studio ,1BA$1.00
Buena Vista EstatesThree Bed Two Bath3BR,2BA$1.70
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1.94
Lighthouse Gardens Apartments2Br2BR,1BA$1.83
The Block at Petoskey1BA Workforce Housing Unit*1BR,1BA$1.97
Oak Terrace1 BEDROOM1BR,1BA$1.38

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 Lake Ann, MI Rentals by Map

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See the most popular apartments and homes in Lake Ann, MI

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Frequently Asked Questions about Cheap Lake Ann Apartments

How much is rent for a Cheap One Bedroom Lake Ann Apartment?

The lowest price for a Cheap One Bedroom Lake Ann Apartment is $796 at Oak Terrace.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Ann is starting from $1,375 at Lighthouse Gardens Apartments.

What is the most affordable Lake Ann Three Bedroom Apartment?

The best deal on a cheap Lake Ann Three Bedroom Apartment rental is at Buena Vista Estates and starts from $1,550.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.