Cheap Homes for Rent in Lake, MI from $700 (14 Rentals)

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Search the lowest-cost Homes 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.

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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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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
Brookwood Gardens and Manor1 Bedroom1BR,1BA$711
Oak Tree Village ApartmentsOPEN WAITLIST2BR,1BA$740

Best Value Apartments for Rent in Lake, MI and Nearby

As of July 25, 2025 the best value apartment in the Lake area is the $0.35 price per square foot 4BR/4BA - Cottage Model at Campus Creek Cottages in the starting from $569. The second greatest value Lake apartment is the 4BR/4BA - A Model at College Town Apartments starting at $450 with a $0.30 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.
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
Timber Creek ApartmentsTwo Bedroom2BR,1BA$0.98
Oak Tree Village ApartmentsOPEN WAITLIST2BR,1BA$0.82
The Edge at 1815 - Student HousingTwo Bedroom Two Bath Apartment *Per Person Rates2BR,2BA$0.55
Mary Court Place ApartmentsTownhome2BR,1BA$0.88

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Frequently Asked Questions about Lake

What type of rentals are currently available in Lake?

There are currently 49 Apartments for Rent in Lake, MI with pricing that ranges from $370 to $2,276. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake ranging from $745 to $4,000.

What is the current price range for Rental Homes in Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake ranges from $745 to $4,000 with an average monthly rent of $1,539.

How much are larger Three and Four Bedroom Rentals in Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake range from $540 to $1,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,950. Four Bedroom Single-Family rentals are also available starting from $980 and Four Bedroom Apartments start at $370.

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.