Cheap Apartments for Rent in Novi, MI from $700 (76 Rentals)

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

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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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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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.

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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.

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Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

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Novi, MI Local Guide

Cheapest Available Novi Apartments for Rent

 

The cheapest available apartment rental in Novi, MI is a 1 Bed unit found at The Village Apartments in the Liberty Park neighborhood priced from $868. Stone Ridge Apartments in the Liberty Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Novi apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Village ApartmentsPrimrose1BR,1BA$868
Stone Ridge ApartmentsOrchid1BR,1BA$945
Independence GreenWashington - Premium Plus1BR,1BA$970
Waterview Farms Apartments1x1 693sf1BR,1BA$985
1630 N Pontiac Trl1 BD / 1 BA1BR,1BA$1,000
The Springs Apartment HomesVerbena1BR,1BA$1,005
Town & Country Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,099
Jamestown ApartmentsRiverbank - with Garage or Carport1BR,1BA$1,110
Northridge Meadow ApartmentsOne bedroom1BR,1BA$1,159
Bristol Square and Golden Gate ApartmentsMagnolia at Golden Gate1BR,1BA$1,188

Best Value Apartments for Rent in Novi, MI

As of June 14, 2026 the best value apartment in the Novi area is the $1.27 price per square foot The Pine Model at 83 West in the in the Farmington Road neighborhood starting from $2,134. The second greatest value Novi apartment is the Orchard II Model at Amberly Apartments starting at $1,889 with a $1.42 price per square foot in the Farmington Road neighborhood. Here is today’s list of the best values for Novi apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
83 WestThe Pine3BR,2.5BA$1.27
Amberly ApartmentsOrchard II2BR,2BA$1.42
Diamond Forest ApartmentsOak2BR,2BA$1.32
Pavilion Court Apartment HomesTwo Bedroom 2 Bath - 1,190 sqft2BR,2BA$1.29
The Ascent at Farmington HillsMaple2BR,2BA$1.39
Tree Top Meadows2BR/1.5BA2BR,1.5BA$1.30
The Crossing At Eagle PondSuperior2BR,2BA$1.37
Spring ValleyMarquette2BR,2BA$1.42
Jamestown ApartmentsRiverbank - with Garage or Carport1BR,1BA$1.17
Waterview Farms Apartments1x1 693sf1BR,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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The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Novi, MI
Population: 60,951

Ranked #619

in US Census Population by City

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Best Local Schools in
Novi, MI

School data provided by Great Schools

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

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See the most popular apartments and homes in Novi, MI

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Frequently Asked Questions about Cheap Novi Apartments

What is the Cheapest Studio apartment in Novi?

Currently the most affordable Cheap Studio Apartment in Novi is at Springs at Five and Main listed at $1,447.

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

The lowest price for a Cheap One Bedroom Novi Apartment is $868 at The Village Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Novi is starting from $1,056 at The Village Apartments.

What is the most affordable Novi Three Bedroom Apartment?

The best deal on a cheap Novi Three Bedroom Apartment rental is at 83 West and starts from $1,733.

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.

Helpful Local Expert Guides

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A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

Written by: Tim Brown

Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

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The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.