Cheap Apartments for Rent near Mackinac Island, MI from $300 (27 Rentals)

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

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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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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property at 10944 N Mackinaw Hwy

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Sep 19

10944 N Mackinaw Hwy

Carp LakeMI49718
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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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Hidden Brook Manor
1 to 2 Bedroom Apartments

Hidden Brook Manor

500 Long Rapids PlzAlpena, MI 49707
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Pinecrest Manor
1 to 2 Bedroom Apartments

Pinecrest Manor

200 Long Rapids PlzAlpena, MI 49707

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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Stargate Motel
2 to 3 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
  • Utilities Included
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Huron Apartments
1 to 2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Corporate Housing
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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
Corporate Housing
  • Utilities Included
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Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
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Inland Lakes Motel
1 to 2 Bedroom Apartments

Inland Lakes Motel

1225 S Grandview Beach RdIndian River, MI 49749
Corporate Housing
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Cheboygan Shores
1 Bedroom Apartments

Cheboygan Shores

328 Duncan AveCheboygan, MI 49721
Senior Living
  • Utilities Included

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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Totem Lodges
1 to 3 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
  • Utilities Included
Showing Results 1-27, Page 1 of 1

Mackinac Island, MI Local Guide

Cheapest Available Mackinac Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mackinac Island, MI is a 2 Beds unit found at Presque Isle Estates priced from $575. Mackinaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. Here is today’s list of the most affordable Mackinac Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Presque Isle Estates14122BR,1BA$575
Mackinaw ApartmentsTwo Bedroom2BR,1BA$845
Lighthouse Gardens Apartments1Br1BR,1BA$1,146
The AnnexUnit 51BR,1BA$1,200
Aspen VillageNew Double-Wide3BR,1BA$1,200
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$1,350
The Block at Petoskey1BC Workforce Housing Unit*1BR,1BA$1,725

Best Value Apartments for Rent in Mackinac Island, MI and Nearby

As of July 21, 2026 the best value apartment in the Mackinac Island area is the $1.98 price per square foot 2BA Model at The Block at Petoskey in the starting from $1,814. The second greatest value Mackinac Island apartment is the Two Bedroom Model at Mackinaw Apartments starting at $845 with a $1.11 price per square foot . Here is today’s list of the best values for Mackinac Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block at Petoskey2BA2BR,2BA$1.98
Mackinaw ApartmentsTwo Bedroom2BR,1BA$1.11
The AnnexUnit 31BR,1BA$1.66
Lighthouse Gardens Apartments2Br2BR,1BA$1.83
Presque Isle Estates15202BR,1BA$1.04
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$2.05

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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Quick Rent Budget Calculator

How much rent can you afford?

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!

Explore Mackinac Island, MI Rentals by Map

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See the most popular apartments and homes in Mackinac Island, MI

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Frequently Asked Questions about Cheap Mackinac Island Apartments

How much is rent for a Cheap One Bedroom Mackinac Island Apartment?

The lowest price for a Cheap One Bedroom Mackinac Island Apartment is $1,146 at Lighthouse Gardens Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mackinac Island is starting from $575 at Presque Isle Estates.

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

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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.

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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.

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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.