
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+
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.

Hidden Pond Apartments

Pinecrest Apartments
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.
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 Studio Apartments | $975 | $975 | $975 |
| Downtown Lake Orion 1 Bedroom Apartments | $1,057 | $935 | $1,245 |
| Downtown Lake Orion 2 Bedroom Apartments | $2,627 | $1,000 | $4,950 |
| Downtown Lake Orion 3 Bedroom Apartments | $1,224 | $1,199 | $1,249 |
| 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 March 22, 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 in the in the Village Of Lake Orion Downtown neighborhood starting from $4,850. 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 | $3.53 |
| 120 South | 2 Beds, 2 Baths | 2BR,2BA | $2.77 |
| Manitou Lake Apartments | 1 Bedroom Deluxe | 1BR,1BA | $1.17 |
| Orion Cove Apartments | The Orion | 1BR,1BA | $1.30 |
| Hidden Pond Apartments | 1 Bedroom - First Floor | 1BR,1BA | $1.27 |
| Paint Creek Village Apartments | One Bedroom | 1BR,1BA | $1.26 |
| Oak Forest Apartments | 2 Bedroom | 2BR,1BA | $1.43 |
| Hope Senior Apartments-62+ | One Bedroom | 1BR,1BA | $1.48 |
| 34 N North Shore Dr, Unit Unit 4 | 34 N North Shore Dr | Studio ,1BA | $3.05 |
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.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.