
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.


Hope Senior Apartments-62+
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Hidden Pond Apartments

Pinecrest Apartments
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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 | $1,066 | $935 | $1,245 |
| Downtown Lake Orion 2 Bedroom Apartments | $2,825 | $1,000 | $4,950 |
| Downtown Lake Orion 3 Bedroom Apartments | $2,449 | $1,349 | $5,750 |
| Downtown Lake Orion 4 Bedroom Apartments | $5,850 | $5,850 | $5,850 |
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.
See all Apartments in Lake OrionExplore Lake Orion
Best Value Apartments for Rent in Downtown Lake Orion, MI
As of January 24, 2026 the best value apartment in the Downtown Lake Orion area is the $3.53 price per square foot The Bellevue Model at Mystic Cove - Luxury Lakefront Living in the in the Village Of Lake Orion Downtown neighborhood starting from $4,850. The second greatest value Downtown Lake Orion apartment is the 1 Bedroom Deluxe Model at Manitou Lake Apartments starting at $1,095 with a $1.17 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 - Luxury Lakefront Living | The Bellevue | 2BR,2BA | $3.53 |
| Manitou Lake Apartments | 1 Bedroom Deluxe | 1BR,1BA | $1.17 |
| Orion Cove Apartments | The Orion | 1BR,1BA | $1.36 |
| Paint Creek Village Apartments | One Bedroom | 1BR,1BA | $1.28 |
| Oak Forest Apartments | 2 Bedroom | 2BR,1BA | $1.43 |
| 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 $5,850.
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 3 regular apartments in Downtown 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 Downtown Lake Orion?
Cheap apartments in Downtown Lake Orion have an average cost of $165 which is $5,685 cheaper than the average rent for all rentals in Downtown 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.