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Rent Specials
$1,029 - $1,6991 to 3 Bedroom Apartments Available Now
Orion Cove Apartments
711 KimberlyLake Orion, MI 48362
Cheap Apartments for Rent in the Downtown Lake Orion Neighborhood of Lake Orion, MI from $700 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lake Orion area of Lake Orion.
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$935 - $1,1821 to 2 Bedroom Apartments Available Now
Hope Senior Apartments-62+
210 W Drahner RdOxford, MI 48371
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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1 to 3 Bedroom Apartments
Hidden Pond Apartments
525-535 Pontiac StOxford, MI 48371
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2 Bedroom Apartments
Pinecrest Apartments
380 W Drahner RdOxford, MI 48371
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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Downtown Lake Orion, Lake Orion, MI Local Guide
How much does it cost to rent an apartment in Downtown Lake Orion?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lake Orion 1 Bedroom Apartments | $1,050 | $935 | $1,285 |
| Downtown Lake Orion 2 Bedroom Apartments | $1,519 | $1,000 | $3,995 |
| Downtown Lake Orion 3 Bedroom Apartments | $1,649 | $1,599 | $1,699 |
| Downtown Lake Orion 4 Bedroom Apartments | $5,650 | $5,650 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Lake Orion Neighborhood of Lake Orion, MI.
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Best Value Apartments for Rent in Downtown Lake Orion, MI
As of June 21, 2026 the best value apartment in the Downtown Lake Orion area is the $2.91 price per square foot The Bellevue Model at Mystic Cove in the in the Village Of Lake Orion Downtown neighborhood starting from $3,995. The second greatest value Downtown Lake Orion apartment is the 2 Beds, 2 Baths Model at 120 South starting at $2,950 with a $2.77 price per square foot in the Village Of Lake Orion Downtown neighborhood. Here is today’s list of the best values for Downtown Lake Orion apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mystic Cove | The Bellevue | 2BR,2BA | $2.91 |
| 120 South | 2 Beds, 2 Baths | 2BR,2BA | $2.77 |
| Hidden Pond Apartments | 2 Bedroom | 2BR,1BA | $1.19 |
| Orion Cove Apartments | The Orion | 1BR,1BA | $1.27 |
| Paint Creek Village Apartments | One Bedroom | 1BR,1BA | $1.26 |
| Oak Forest Apartments | 2 Bedroom | 2BR,1BA | $1.50 |
| Hope Senior Apartments-62+ | One Bedroom | 1BR,1BA | $1.48 |
Frequently Asked Questions about Cheap Downtown Lake Orion Apartments
What is the price of a cheap apartment in Downtown Lake Orion?
The cheapest apartment in Downtown Lake Orion is Hope Senior Apartments-62+ which is listed at $935, while the average apartment in Downtown Lake Orion costs $5,650.
What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown Lake Orion that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
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.
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.
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.