Cheap Apartments for Rent in Onaway, MI from $300 (34 Rentals)

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

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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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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Stargate Motel
2 to 3 Bedroom Apartments

Stargate Motel

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

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Corporate Housing

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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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
Corporate Housing
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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
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Totem Lodges
1 to 3 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
  • Utilities Included

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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Showing Results 1-34, Page 1 of 1

Onaway, MI Local Guide

Cheapest Available Onaway Apartments for Rent and Nearby

 

The cheapest available apartment rental in Onaway, MI is a 2 Beds unit found at Presque Isle Estates priced from $575. Thunder Bay Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Onaway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Presque Isle Estates14122BR,1BA$575
Thunder Bay EstatesD32BR,1BA$675
Lake Shore Estates412BR,1BA$675
Hidden Brook Manor1 Bed1BR,1BA$790
Pinecrest Manor1 Bed1BR,1BA$794
Aspen VillageNew Double-Wide3BR,1BA$1,200
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$1,350
PinecrestPinecrest2BR,2BA$1,622
Pines45 ApartmentsBirch2BR,2BA$1,635
Oak Shore Commons1 Bed 1 Bath1BR,1BA$1,649

Best Value Apartments for Rent in Onaway, MI and Nearby

As of May 30, 2026 the best value apartment in the Onaway area is the $1.65 price per square foot Ottawa Model at Liv East Bay in the starting from $3,445. The second greatest value Onaway apartment is the Birch Model at Pines45 Apartments starting at $1,635 with a $1.47 price per square foot . Here is today’s list of the best values for Onaway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Liv East BayOttawa5BR,2.5BA$1.65
Pines45 ApartmentsBirch2BR,2BA$1.47
PinecrestPinecrest2BR,2BA$1.62
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.87
The Block at Petoskey2BB Rent & Income Restrictions Apply2BR,2BA$1.91
Lake Shore Estates412BR,1.5BA$0.80
Presque Isle Estates15202BR,1BA$1.04
Thunder Bay EstatesD32BR,1BA$0.94
Pinecrest Manor1 Bed1BR,1BA$1.32
Hidden Brook Manor1 Bed1BR,1BA$1.32

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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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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Frequently Asked Questions about Cheap Onaway Apartments

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

The lowest price for a Cheap One Bedroom Onaway Apartment is $790 at Hidden Brook Manor.

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

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

What is the most affordable Onaway Three Bedroom Apartment?

The best deal on a cheap Onaway Three Bedroom Apartment rental is at Presque Isle Estates and starts from $750.

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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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.