Cheap Apartments for Rent near Lake City, MI from $405 (49 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
property at 2276 S M-37
$1,200
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Furnished

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685
  • Smoke Free

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.

Read Article
close
View Me
Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
close
View Me
Brookwood Manor
1 to 2 Bedroom Apartments

Brookwood Manor

202 Mary StClare, MI 48617
  • 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.

Read Article
close
View Me
Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
  • Utilities Included

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
close
View Me
Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
Showing Results 1-49, Page 1 of 1

Lake City, MI Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $498. Brookside Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $583. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth Park2x12BR, 1BA$498
Brookside Commons2 Bedroom C2BR, 1BA$583
Harrison Estates Mobile Home CommunityLot 143BR, 1BA$625
Parkview ApartmentsOne bedroom1BR, 1BA$694
Corning Apartments1 Bedroom1BR, 1BA$750
Oak Terrace1 BEDROOM1BR, 1BA$796
Broadway LoftsStudioStudio, 1BA$1,067
105 Hobart St1 bed1BR, 1BA$1,075
Buena Vista EstatesTwo Bed One Bath2BR, 1BA$1,100
Arboretum Apartment HomesTwo Bed Two Bath2BR, 2BA$1,105

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

As of September 22, 2026 the best value apartment in the Lake City area is the $0.28 price per square foot 4x2 Model at Oakwood Townhomes starting from $469. The second greatest value Lake City apartment is the 4BR/4BA - A Model at College Town Apartments starting at $492 with a $0.32 price per square foot. Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oakwood Townhomes4x24BR, 2.5BA$0.28
College Town Apartments4BR/4BA - A4BR, 4BA$0.32
Cherry Street Town HousesUnit 174BR, 1.5BA$0.95
White Pines - Harrison3 Bedroom3BR, 2BA$0.91
Harrison Estates Mobile Home CommunityLot 143BR, 1BA$0.63
Campus Creek Townhomes2BR/2BA - Townhome Super4BR, 2BA$0.84
Arboretum Apartment HomesTwo Bed Two Bath2BR, 2BA$1.23
Ruth Park2x12BR, 1BA$0.58
Parkview ApartmentsOne bedroom1BR, 1BA$0.95
Riverview Terrace1 Bedroom R1BR, 1BA$0.10

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
Decorative image

Navigating 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 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.

Read Article
Decorative image

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

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

Explore Lake City, MI Rentals by Map

Decorative image of map

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

View Map
Lake City, MI Apartments Map
View Map
Lake City, MI Rental Homes Map

Frequently Asked Questions about Cheap Lake City Apartments

What is the Cheapest Studio apartment in Lake City?

Currently the most affordable Cheap Studio Apartment in Lake City is at Broadway Lofts listed at $1,067.

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

The lowest price for a Cheap One Bedroom Lake City Apartment is $50 at Riverview Terrace.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake City is starting from $498 at Ruth Park.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Harrison Estates Mobile Home Community and starts from $625.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.