Cheap Apartments for Rent in Onaway, MI from $300 (42 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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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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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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Huron Apartments
1 to 2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Corporate Housing
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Stargate Motel
2 to 3 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
  • Utilities Included

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.

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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
Corporate Housing
  • Utilities Included
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Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
  • Utilities Included
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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
  • Utilities Included
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Cheboygan Shores
1 Bedroom Apartments

Cheboygan Shores

328 Duncan AveCheboygan, MI 49721
Senior Living
  • Utilities Included
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Totem Lodges
1 to 3 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
  • Utilities Included

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.

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Glen Haven Circle
2 Bedroom Apartments

Glen Haven Circle

995 Glen Haven CirPetoskey, MI 49770
Senior Living
  • Utilities Included
Showing Results 1-42, 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 $650. 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 EstatesB82BR,1BA$650
Hidden Brook Manor1 Bed1BR,1BA$790
Pinecrest Manor1 Bed1BR,1BA$794
Lake Shore Estates393BR,2BA$800
Mackinaw ApartmentsTwo Bedroom2BR,1BA$860
Aspen VillageNew Double-Wide3BR,1BA$1,200
The Block at Petoskey1BA Rent & Income Restrictions Apply1BR,1BA$1,295
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$1,350

Best Value Apartments for Rent in Onaway, MI and Nearby

As of April 13, 2026 the best value apartment in the Onaway area is the $1.47 price per square foot Birch Model at Pines45 Apartments in the starting from $1,635. The second greatest value Onaway apartment is the Momma Bear - Upper Model at Bear Creek Meadows - Petoskey, MI starting at $1,650 with a $1.50 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.
Pines45 ApartmentsBirch2BR,2BA$1.47
Bear Creek Meadows - Petoskey, MIMomma Bear - Upper2BR,2BA$1.50
PinecrestPinecrest2BR,2BA$1.62
404 2nd St, Unit 2404 2nd St2BR,1BA$1.56
Lake Shore Estates592BR,1BA$1.22
Mackinaw ApartmentsTwo Bedroom2BR,1BA$1.13
Thunder Bay EstatesB82BR,1BA$0.89
Presque Isle Estates15202BR,1BA$0.94
Pinecrest Manor1 Bed1BR,1BA$1.32
Hidden Brook Manor1 Bed1BR,1BA$1.32

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 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.

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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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Quick 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.

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Onaway, MI

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Remember the 3 Rules of Real Estate:
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Explore Onaway, MI Rentals by Map

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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 $650.

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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.