Cheap Apartments for Rent in Lake, MI from $300 (9 Rentals)

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

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.

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.

Lake, MI Local Guide

Cheapest Available Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake, MI is a 4 Beds unit found at Campus Creek Townhomes priced from $379. College Town Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $450. Here is today’s list of the most affordable Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Campus Creek Townhomes2BR/2BA - Townhome Super4BR,2BA$379
College Town Apartments4BR/4BA - B4BR,4BA$450
Rivers Edge Apartments1 Bedroom1BR,1BA$650

Best Value Apartments for Rent in Lake, MI and Nearby

As of July 15, 2025 the best value apartment in the Lake area is the $0.29 price per square foot 4x2 Model at Oakwood Townhomes in the starting from $479. The second greatest value Lake apartment is the 4BR/4BA - Cottage Model at Campus Creek Cottages starting at $569 with a $0.35 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.
Oakwood Townhomes4x24BR,2.5BA$0.29
Campus Creek Cottages4BR/4BA - Cottage4BR,4BA$0.35
College Town Apartments4BR/4BA - A4BR,4BA$0.30
Appian Way ApartmentsTownhome4BR,2BA$0.30
Village at BluegrassC13BR,3BA$0.34
Swede Hill Apartments3 Bed/2 Bath3BR,2BA$0.53
Campus Creek Townhomes2BR/2BA - Townhome4BR,2BA$0.78
Oak Tree Village ApartmentsOPEN WAITLIST2BR,1BA$0.82
The Edge at 1815 - Student HousingTwo Bedroom Two Bath Apartment *Per Person Rates2BR,2BA$0.55
Cranbrook Terrace - Senior CommunityTwo Bedroom2BR,1BA$0.80

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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

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 $549 at Campus Creek Townhomes.

What is the most affordable Lake Three Bedroom Apartment?

The best deal on a cheap Lake Three Bedroom Apartment rental is at Oakwood Place and starts from $1,150.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.