Cheap Apartments for Rent in Lake Orion, MI from $700 (39 Rentals)

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

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Village East Apartments
1 to 2 Bedroom Apartments

Village East Apartments

610-614 Orion RdLake Orion, MI 48362
  • Utilities Included

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.

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Legacy at Verwood
1 Bedroom Apartments

Legacy at Verwood

54 S Broadway StLake Orion, MI 48362

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.

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Legends Fox Creek
$1,330 - $2,051
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,051
Total Monthly Price
$1,330 - $2,051
1 to 2 Bedroom Apartments Available Now

Legends Fox Creek

4855 Fox CrkClarkston, MI 48346
Furnished
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  • Customer Reviewed
  • Utilities Included
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Pinecrest Apartments
2 Bedroom Apartments

Pinecrest Apartments

380 W Drahner RdOxford, MI 48371
  • Utilities Included
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Sashabaw Meadows
1 to 4 Bedroom Apartments

Sashabaw Meadows

4359 Dogwood BlvdClarkston, MI 48348

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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property at 803 Plate St

$1,100 - $1,250

1 Bedroom Rentals

Available Jul 28

803 Plate St

RochesterMI48307
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Orion Lakes
2 to 4 Bedroom Apartments

Orion Lakes

47 Bluebird Hill DrOrion Township, MI 48359

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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Lake Orion, MI Local Guide

Cheapest Neighborhoods for Apartments in Lake Orion, MI

Pricing Updated: 07/27/2026

Current apartment rentals in the Lake Orion, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Orion Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
The Ravines at Stonegate$3,450$90048
Downtown Lake Orion$5,650$93518
Village Of Lake Orion Downtown$5,650$93518

Cheapest Available Lake Orion Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Orion, MI is a 1 Bed unit found at Hidden Pond Apartments in the Village Of Lake Orion Downtown neighborhood priced from $925. Hope Senior Apartments-62+ in the Village Of Lake Orion Downtown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here is today’s list of the most affordable Lake Orion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hidden Pond Apartments1 Bedroom - Second Floor1BR,1BA$925
Hope Senior Apartments-62+One Bedroom1BR,1BA$935
Village Manor of OxfordEssex1BR,1BA$975
23 W Burdick St1 bedroom apartment1BR,1BA$1,000
Club One of Auburn HillsOne Bedroom1BR,1BA$1,025
Orion Cove ApartmentsThe Orion1BR,1BA$1,029
Auburn Village TownhomesOak1BR,1BA$1,050
Oak Forest Apartments2 Bedroom2BR,1BA$1,050
Paint Creek Village ApartmentsOne Bedroom1BR,1BA$1,050

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

As of July 27, 2026 the best value apartment in the Lake Orion area is the $1.41 price per square foot TBABEPV Model at Heron Springs Townhomes and Apartments in the in the Auburn Grove Condominiums neighborhood starting from $3,535. The second greatest value Lake Orion apartment is the 4 Bed 2 Bath Single Section Model at Sashabaw Meadows starting at $1,749 with a $1.04 price per square foot in the Hills at Indianwood neighborhood. Here is today’s list of the best values for Lake Orion apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heron Springs Townhomes and ApartmentsTBABEPV3BR,2.5BA$1.41
Sashabaw Meadows4 Bed 2 Bath Single Section4BR,2BA$1.04
Legends Fox CreekMarigold2BR,2BA$1.37
Meadowbrook Village ApartmentsThe Maple Renovated - Two Bedroom2BR,1BA$1.35
Manitou Lake Apartments1 Bedroom Deluxe1BR,1BA$1.17
Beacon HillCambridge1BR,1BA$1.45
Orion Cove ApartmentsThe Orion1BR,1BA$1.27
Paint Creek Village ApartmentsOne Bedroom1BR,1BA$1.31
Club One of Auburn HillsOne Bedroom1BR,1BA$1.42
Hidden Pond Apartments1 Bedroom - Second Floor1BR,1BA$1.32

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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Best Local Schools in
Lake Orion, MI

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Lake Orion Apartments

What is the price of a cheap apartment in Lake Orion?

The cheapest apartment in Lake Orion is Hidden Pond Apartments which is listed at $925, while the average apartment in Lake Orion costs $4,916.

What types of apartments are the cheapest in Lake Orion?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Lake Orion that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Orion?

Cheap apartments in Lake Orion have an average cost of $352 which is $4,564 cheaper than the average rent for all rentals in Lake Orion.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.