
Cheap Apartments for Rent in Oakland, MI from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Oakland.


Cedargate Apartments

Adams Lake Apartments

Garden Court Apartments

Colony Hill Apartments

Rivers Edge Apartments
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.

Waterford Square

Cass Lake Shore Club

Pine Lake Apartments

Heritage Park East

Ashton Pines
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.

Round Hill Apartments

Elizabeth Lake Estates

3188-3192 Sashabaw Rd.

Edgewood Park Apartments

Woodlake Hills

Chalet Villa Lakefront Community
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Cherokee Hills Apartments

Greyberry Park Apartments

Glengarry Park - Waterford Twp, MI

Independence Square Apartments

139 Draper Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1824 Colonial Village Way
Oakland, MI Local Guide

How much does it cost to rent an apartment in Oakland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakland Studio Apartments | $781 | $550 | $1,122 |
| Oakland 1 Bedroom Apartments | $1,098 | $685 | $1,695 |
| Oakland 2 Bedroom Apartments | $1,521 | $850 | $3,100 |
| Oakland 3 Bedroom Apartments | $1,489 | $1,325 | $1,749 |
Browse Top Apartments in Oakland
See all Apartments in OaklandExplore Oakland
Oakland, MI Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colony Hill Apartments | One Bedroom | 1BR,1BA | $800 |
| Waterford Square | 1 Bedroom, 1 Bath Apartment | 1BR,1BA | $849 |
| Cass Lake Shore Club | A1 | 1BR,1BA | $870 |
| Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $899 |
| Huron Place | Studio | Studio,1BA | $899 |
Best Value Apartments for Rent in Oakland, MI and Nearby
As of January 01, 2026 the best value apartment in the Oakland area is the $1.10 price per square foot Elm Model at Cherokee Hills Apartments in the in the Seminole Hills neighborhood starting from $1,095. The second greatest value Oakland apartment is the Two Bedroom Model at Colony Hill Apartments starting at $900 with a $0.90 price per square foot in the Forestbrook neighborhood. Here is today’s list of the best values for Oakland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cherokee Hills Apartments | Elm | 2BR,1BA | $1.10 |
| Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.90 |
| The Crossing at Auburn Hills | 2 Bed 2 Bath | 2BR,2BA | $1.34 |
| Chalet Villa Lakefront Community | Renovated 2B/1.5B Apartment, Spacious Floorplan... | 2BR,1.5BA | $1.44 |
| Round Hill Apartments | The Barrington Deluxe | 2BR,1.5BA | $1.35 |
| Heritage Park East | 2 Bedroom Apartment | 2BR,1BA | $1.08 |
| Bridgewater Park of Clarkston | Bordeaux Premium | 2BR,2BA | $1.42 |
| Independence Square Apartments | 1WD- 1 Bed 1 Bath Renovated | 1BR,1BA | $1.42 |
| Elizabeth Lake Estates | 1B1B4 | 1BR,1BA | $1.18 |
| Ashton Pines | Frasier | 2BR,1BA | $1.35 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Oakland, MI Rentals by Map
See the most popular apartments and homes in Oakland, MI
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 $900 at Colony Hill 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 $1,325.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

