Cheap Apartments for Rent in Lake City, MI from $300 (40 Rentals)

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

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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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.

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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.

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Brookwood Manor
1 to 2 Bedroom Apartments

Brookwood Manor

202 Mary StClare, MI 48617
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
  • Utilities Included
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-40, 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 1 Bed unit found at Riverview Terrace in the Downtown Traverse City neighborhood priced from $744. Harrison Estates Mobile Home Community in the Allendale neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview Terrace1 Bedroom R1BR,1BA$744
Harrison Estates Mobile Home CommunityLOT 232BR,2BA$750
Corning Apartments1 Bedroom1BR,1BA$750
Oak Terrace1 BEDROOM1BR,1BA$796
Oak Tree Village ApartmentsOne Bedroom Garden1BR,1BA$850
Arboretum Apartment HomesTwo Bed Two Bath2BR,2BA$1,105
Cadillac Lofts1-Bedroom1BR,1BA$1,138
Walnut Knoll ApartmentsTwo bedroom apt2BR,1BA$1,190
Studio's at The VicKingStudio,1BA$1,199
Brookside CommonsThree Bedroom3BR,2BA$1,213

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

As of April 26, 2026 the best value apartment in the Lake City area is the $0.28 price per square foot 4x2 Model at Oakwood Townhomes in the starting from $469. The second greatest value Lake City apartment is the 4BR/4BA - A Model at College Town Apartments starting at $499 with a $0.33 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$0.33
Arboretum Apartment HomesThree Bedroom Two Bath3BR,2BA$1.05
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.36
Harrison Estates Mobile Home CommunityLOT 232BR,2BA$0.75
Campus Creek Townhomes2BR/2BA - Townhome Super4BR,2BA$0.81
Walnut Knoll ApartmentsTwo bedroom apt2BR,1BA$1.43
Oak Tree Village ApartmentsOne Bedroom Garden1BR,1BA$1.40
Oak Terrace1 BEDROOM1BR,1BA$1.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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

Explore Lake City, MI Rentals by Map

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

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Frequently Asked Questions about Cheap Lake City Apartments

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

The lowest price for a Cheap One Bedroom Lake City Apartment is $744 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 $750 at Harrison Estates Mobile Home Community.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Brookside Commons and starts from $1,213.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.