Cheap Apartments for Rent in Lake, MI from $300 (41 Rentals)

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

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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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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Brookwood Manor
1 to 2 Bedroom Apartments

Brookwood Manor

202 Mary StClare, MI 48617
  • Utilities Included
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Shepley Apartments
1 to 2 Bedroom Apartments

Shepley Apartments

711 Fairway DrSt. Louis, MI 48880
Corporate Housing
  • Utilities Included

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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Woodside Apartments
1 to 2 Bedroom Apartments

Woodside Apartments

1535 E Bellows StMt. Pleasant, MI 48858
  • Utilities Included
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Bridge Street North
1 to 2 Bedroom Apartments

Bridge Street North

1050 Bridge AveAlma, MI 48801
Corporate Housing

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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Lake, MI Local Guide

Cheapest Available Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake, MI is a 1 Bed unit found at Cranbrook Terrace - Senior Community priced from $543. Parkside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $598. Here is today’s list of the most affordable Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cranbrook Terrace - Senior CommunityOne Bedroom1BR,1BA$543
Parkside ApartmentsOne Bedroom1BR,1BA$598
Wright Ave ApartmentsOne Bedroom1BR,1BA$600
Harrison Estates Mobile Home CommunityLot 132BR,1BA$625
Rivers Edge Apartments1 Bedroom1BR,1BA$650
Corning Apartments1 Bedroom1BR,1BA$750
Mary Court Place ApartmentsTownhome2BR,1BA$750
White Pine ManorTwo bedroom2BR,1BA$762
Woodland Place ApartmentsOne Bedroom Timberland1BR,1BA$781
Shepley ApartmentsOne Bedroom1BR,1BA$785

Best Value Apartments for Rent in Lake, MI and Nearby

As of June 22, 2026 the best value apartment in the Lake area is the $0.30 price per square foot Townhome Model at Appian Way Apartments in the starting from $425. The second greatest value Lake apartment is the Unit 17 Model at Cherry Street Town Houses starting at $1,200 with a $0.88 price per square foot . Here is today’s list of the best values for Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Appian Way ApartmentsTownhome4BR,2BA$0.30
Cherry Street Town HousesUnit 174BR,1.5BA$0.88
White Pines - Harrison3 Bedroom3BR,2BA$0.91
Campus Creek Townhomes2BR/2BA - Townhome Super4BR,2BA$0.81
Timber Creek ApartmentsTwo Bedroom2BR,1BA$0.88
Harrison Estates Mobile Home CommunityLot 132BR,1BA$0.69
The Edge at 1815 - Student HousingTwo Bedroom Two Bath Apartment *Per Person Rates2BR,2BA$0.51
Mary Court Place ApartmentsTownhome2BR,1BA$0.88
Village at BluegrassB12BR,2BA$0.65
Cranbrook Terrace - Senior CommunityOne Bedroom1BR,1BA$0.87

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, MI Rentals by Map

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Frequently Asked Questions about Cheap Lake Apartments

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

The lowest price for a Cheap One Bedroom Lake Apartment is $543 at Cranbrook Terrace - Senior Community.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake is starting from $625 at Harrison Estates Mobile Home Community.

What is the most affordable Lake Three Bedroom Apartment?

The best deal on a cheap Lake Three Bedroom Apartment rental is at Cambridge Terrace and starts from $1,149.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.