1596 Lake St
RoscommonMI48653
Cheap Homes for Rent in Onaway, MI from $1,400 (2 Rentals)
Search the lowest-cost Homes 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.
1788 St Joseph St
Traverse CityMI49696
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.
Showing Results 1-2, Page 1 of 1
Onaway, MI Local Guide
A summer day in Michigan by USFWS Midwest Region is licensed under CCO 1.0
How much does it cost to rent a home in Onaway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Onaway 2 Bedroom Homes for Rent | $2,161 | $1,425 | $4,500 |
| Onaway 3 Bedroom Homes for Rent | $2,300 | $2,000 | $2,650 |
| Onaway 4 Bedroom Homes for Rent | $2,375 | $2,350 | $2,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Onaway
Explore Onaway
Onaway, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Onaway, MI and Nearby
As of June 22, 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 Pinecrest Model at Pinecrest starting at $1,622 with a $1.62 price per square foot . Here is today’s list of the best values for Onaway apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pines45 Apartments | Birch | 2BR,2BA | $1.47 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.62 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.87 |
| Lake Shore Estates | 41 | 2BR,1.5BA | $0.80 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.09 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Thunder Bay Estates | D3 | 2BR,1BA | $0.94 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.05 |
| The Block at Petoskey | 1BA | 1BR,1BA | $2.28 |
| Sawmill Lofts | 1 Bedroom - 1 Bath | 1BR,1BA | $2.42 |
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 Article
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.
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.
Let everyone know!
Do you know the Onaway area?
If you’re an expert on all things Onaway, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Onaway, MI
Onaway Elementary School
Onaway Area Community School District
Public School - Grades K-5 (239)
3 out of 10
Onaway Senior High School
Onaway Area Community School District
Public School - Grades 9-12 (145)
4 out of 10
Onaway Middle School
Onaway Area Community School District
Public School - Grades 6-8 (111)
5 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Onaway, MI Rentals by Map
See the most popular apartments and homes in Onaway, MI
Frequently Asked Questions about Onaway
What type of rentals are currently available in Onaway?
There are currently 34 Apartments for Rent in Onaway, MI with pricing that ranges from $575 to $22,915. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Onaway ranging from $1,425 to $4,500.
What is the current price range for Rental Homes in Onaway?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Onaway ranges from $1,425 to $4,500 with an average monthly rent of $2,278.
How much are larger Three and Four Bedroom Rentals in Onaway?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Onaway range from $750 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $2,650. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $2,775.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.