
Cheap Homes for Rent in Onekama, MI from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Onekama.


430 E Bremer St

410 Ramsdell St, Unit 410.5 Upstairs
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.

107 Cass St, Unit Condo 2

2276 S M-37, Unit B

124 Beech St
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.
Onekama, MI Local Guide

How much does it cost to rent a home in Onekama?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Onekama 2 Bedroom Homes for Rent | $2,413 | $900 | $4,500 |
| Onekama 3 Bedroom Homes for Rent | $3,233 | $1,900 | $8,500 |
| Onekama 4 Bedroom Homes for Rent | $4,719 | $2,300 | $10,000+ |
Browse Top Homes for Rent in Onekama
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Onekama, MI Local Guide
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Cheapest Available Onekama Apartments for Rent and Nearby
 The cheapest available apartment rental in Onekama, MI is a 1 Bed unit found at Annika Place in the Downtown Traverse City neighborhood priced from $419. Riverview Terrace in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $744. Here is today’s list of the most affordable Onekama apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Annika Place | One Bedroom | 1BR,1BA | $419 |
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
Best Value Apartments for Rent in Onekama, MI and Nearby
As of May 31, 2026 the best value apartment in the Onekama area is the $0.33 price per square foot 4BR/4BA - A Model at College Town Apartments in the starting from $499. The second greatest value Onekama apartment is the 3BR/2BA Model at Rapids Apartments starting at $540 with a $0.45 price per square foot . Here is today’s list of the best values for Onekama apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| College Town Apartments | 4BR/4BA - A | 4BR,4BA | $0.33 |
| Rapids Apartments | 3BR/2BA | 3BR,2BA | $0.45 |
| Eight Thirty Water Tower | The Derby | 4BR,2BA | $1.52 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.36 |
| Hillside Apartments | APT 2 | Studio ,1BA | $1.00 |
| Campus Creek Townhomes | 2BR/2BA - Townhome Super | 4BR,2BA | $0.81 |
| Walnut Knoll Apartments | Two bedroom apt | 2BR,1BA | $1.43 |
| Annika Place | One Bedroom | 1BR,1BA | $0.61 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Onekama
What type of rentals are currently available in Onekama?
There are currently 49 Apartments for Rent in Onekama, MI with pricing that ranges from $370 to $3,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Onekama ranging from $900 to $10,500.
What is the current price range for Rental Homes in Onekama?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Onekama ranges from $900 to $10,500 with an average monthly rent of $2,913.
How much are larger Three and Four Bedroom Rentals in Onekama?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Onekama range from $540 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $370.
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

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.

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.

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.

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.