Cheap Apartments for Rent in Lapeer, MI from $500 (16 Rentals)

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

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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315 E Nepessing St
1 to 2 Bedroom Apartments

315 E Nepessing St

315 E Nepessing StLapeer, MI 48446
Corporate Housing

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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Gateway Apartments
1 to 2 Bedroom Apartments

Gateway Apartments

1070-1080 Raleigh AveLapeer, MI 48446
Corporate Housing
  • Utilities Included
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Riverview Towers
1 Bedroom Apartments

Riverview Towers

544 N Saginaw StLapeer, MI 48446
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Westmoor Apartments
1 to 2 Bedroom Apartments

Westmoor Apartments

1810-1825 Westmoor DrLapeer, MI 48446
Senior Living
  • Utilities Included
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Brookfield Apartments
1 to 2 Bedroom Apartments

Brookfield Apartments

1800-1841 Brookfield DrLapeer, MI 48446
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Lapeer, MI Local Guide

Cheapest Available Lapeer Apartments for Rent

 

The cheapest available apartment rental in Lapeer, MI is a 1 Bed unit found at Drakeshire Apartments (Suzanne Apartments LLC) priced from $875. Pines Lapeer West Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Lapeer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Drakeshire Apartments (Suzanne Apartments LLC)Drakeshire Apartments - One Bedroom1BR,1BA$875
Pines Lapeer West Apartments1 Bedroom1BR,1BA$875
Arbors of Lapeer ApartmentsThe Spruce-Second Floor1BR,1BA$930
Turrill EstatesTwo Bedroom2BR,1BA$1,049
Lapeer VillasTeuta2BR,2BA$1,445

Best Value Apartments for Rent in Lapeer, MI

As of May 08, 2026 the best value apartment in the Lapeer area is the $0.89 price per square foot 405 Cedar St Model at 405 Cedar St, Unit #3 in the starting from $975. The second greatest value Lapeer apartment is the Teuta Model at Lapeer Villas starting at $1,445 with a $1.38 price per square foot . Here is today’s list of the best values for Lapeer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
405 Cedar St, Unit #3405 Cedar St2BR,1BA$0.89
Lapeer VillasTeuta2BR,2BA$1.38
Turrill EstatesTwo Bedroom2BR,1BA$1.04
Arbors of Lapeer ApartmentsThe Spruce-Ground Floor1BR,1BA$1.33
Pines Lapeer West Apartments1 Bedroom1BR,1BA$1.30
Drakeshire Apartments (Suzanne Apartments LLC)Drakeshire Apartments - One Bedroom1BR,1BA$1.42

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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

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Frequently Asked Questions about Cheap Lapeer Apartments

How much is rent for a Cheap One Bedroom Lapeer Apartment?

The lowest price for a Cheap One Bedroom Lapeer Apartment is $875 at Drakeshire Apartments (Suzanne Apartments LLC).

What is the lowest price for a Cheap Two Bedroom Lapeer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lapeer is starting from $900 at Drakeshire Apartments (Suzanne Apartments LLC).

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.