Cheap Apartments for Rent in Oakland, MI from $500 (27 Rentals)

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property at 140 Summit St

140 Summit St

PontiacMI48342

Oakland, MI Local Guide

Cheapest Available Oakland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oakland, MI is a 1 Bed unit found at Colony Hill Apartments in the Forestbrook neighborhood priced from $800. Waterford Square in the Forestbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Oakland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Colony Hill ApartmentsOne Bedroom1BR,1BA$800
Waterford Square1 Bedroom, 1 Bath Apartment1BR,1BA$849
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$850
Huron PlaceStudioStudio,1BA$899
Round Hill ApartmentsThe Arlington1BR,1BA$949
Pine Apartments1 Bed/1 Bath1BR,1BA$950
Greyberry Park Apartments1 Bedroom 1 Bath1BR,1BA$968
Chalet Villa Lakefront CommunityLarge 1 Bed Apartment with Balcony, Lakefront C...1BR,1BA$990
Ashton PinesAustrian1BR,1BA$995
Heritage Park East2 Bedroom Apartment2BR,1BA$1,024

Best Value Apartments for Rent in Oakland, MI and Nearby

As of November 06, 2025 the best value apartment in the Oakland area is the $1.31 price per square foot Cambridge Model at Lancaster Lakes in the starting from $1,500. The second greatest value Oakland apartment is the Elm Model at Cherokee Hills Apartments starting at $1,210 with a $1.21 price per square foot in the Seminole Hills neighborhood. Here is today’s list of the best values for Oakland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lancaster LakesCambridge2BR,2BA$1.31
Cherokee Hills ApartmentsElm2BR,1BA$1.21
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
The Crossing at Auburn Hills2 Bed 2 Bath2BR,2BA$1.34
Laketree2 Bed 1 Bath2BR,1BA$1.25
Heritage Park East2 Bedroom Apartment2BR,1BA$1.08
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$0.92
Elizabeth Lake Estates1B1B81BR,1BA$1.28
Pine Apartments1 Bed/1 Bath1BR,1BA$1.27
Greyberry Park Apartments1 Bedroom 1 Bath1BR,1BA$1.34

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Frequently Asked Questions about Cheap Oakland Apartments

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

The lowest price for a Cheap One Bedroom Oakland Apartment is $800 at Colony Hill Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Oakland is starting from $850 at Adams Lake Apartments.

What is the most affordable Oakland Three Bedroom Apartment?

The best deal on a cheap Oakland Three Bedroom Apartment rental is at The Crossing at Auburn Hills and starts from $1,275.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.