Cheap Apartments for Rent near Oakland, MI from $550 (50 Rentals)

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

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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Legends Fox Creek
$1,330 - $2,110
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,110
Total Monthly Price
$1,330 - $2,110
1 to 2 Bedroom Apartments Available Now

Legends Fox Creek

4855 Fox CrkClarkston, MI 48346
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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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3188 Sashabaw Rd
1 Bedroom Apartments

3188 Sashabaw Rd

3188 Sashabaw RdWaterford, MI 48329
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Pine Apartments
1 Bedroom Apartments

Pine Apartments

64 Spokane DrPontiac, MI 48341
  • Utilities Included
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4081 Airport Rd
2 Bedroom Apartments

4081 Airport Rd

4081 Airport RdWaterford Township, MI 48329
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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

3058 Dixie HwyWaterford, MI 48328
Corporate Housing

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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Lakeland Place
1 to 2 Bedroom Apartments

Lakeland Place

2700 Elizabeth Lake RdWaterford, MI 48328
Senior Living
  • Utilities Included

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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Showing Results 1-50, Page 1 of 1

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 Waterford neighborhood priced from $850. Adams Lake Apartments in the Waterford neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Oakland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Colony Hill ApartmentsOne Bedroom1BR,1BA$850
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$850
Huron PlaceStudioStudio,1BA$899
Rivers Edge ApartmentsPrimrose1BR,1BA$924
Edgewood Park Apartments$499 Move-In Special · 1 Bed / 1 Bath Apartment...1BR,1BA$950
Chalet Villa Lakefront Community1/1 Premium1BR,1BA$950
Cass Lake Shore Club1 Bedroom 1 Bathroom1BR,1BA$985
Round Hill ApartmentsThe Barrington2BR,1BA$1,049
Heritage Park EastGroveland2BR,1BA$1,075
Cherokee Hills ApartmentsCedar1BR,1BA$1,075

Best Value Apartments for Rent in Oakland, MI and Nearby

As of August 25, 2026 the best value apartment in the Oakland area is the $1.37 price per square foot 2B15BTH2 Model at Elizabeth Lake Estates in the in the Waterford neighborhood starting from $1,705. The second greatest value Oakland apartment is the 2 Bedroom 1.5 Bathroom Large Model at Cass Lake Shore Club starting at $1,690 with a $1.41 price per square foot in the Waterford 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.
Elizabeth Lake Estates2B15BTH22BR,1.5BA$1.37
Cass Lake Shore Club2 Bedroom 1.5 Bathroom Large2BR,1.5BA$1.41
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.95
Crescent ManorDeluxe 2 Bedroom2BR,1BA$1.25
Greyberry Park Apartments2 Bedroom 2 Bath2BR,2BA$1.29
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$0.92
Ashton PinesDouglas2BR,1BA$1.22
Round Hill ApartmentsThe Barrington2BR,1.5BA$1.23
Heritage Park EastSterling Premium1BR,1BA$1.34
Cherokee Hills ApartmentsCedar1BR,1BA$1.34

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!

Explore Oakland, MI Rentals by Map

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See the most popular apartments and homes in Oakland, MI

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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 $850 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.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.