
Cheap Apartments for Rent in Parchment, MI from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Parchment.


Total Monthly Price
118 N Riverview Dr, Unit Apt 3, Unit Apt 3

Parchment Point Townhomes

142 N Riverview Dr, Unit 3

Total Monthly Price
502 Vale Ave, Unit 3c, Unit 3c

Total Monthly Price
1335 N Church St, Unit #2, Unit #2

Total Monthly Price
Walbridge Common

3025 E Main St
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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.

223 E North St

219 E North St

180 E.Water Street

Country Meadow Apartments

Rivers Edge Apartments

1700 E G Ave

Gilmore Apartments

Coopers Landing 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.

Lakeview Apartments

107-123 E Michigan Ave

633 W North St, Unit 2

3622 Douglas Ave

Total Monthly Price
2813 E G Ave, Unit 2, Unit 2

The Exchange

Coney Island Lofts

Walbridge Common
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.

Humphrey Woods

720 S Park St

934 S Park St

Big Bend Apartments

Harrison Circle

6133 King Hwy

444 Garland St

Nu Burdick
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.

6197 Copeland Ave

708 Elizabeth St

1926 Sunnyside Dr

3238 Birch Ln

3235 Birch Ln

1378 Red Maple Ln

3218 Birch Ln

23 Ridgewood St
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.

2836 S Burdick St

2215 Mt Olivet Rd

716 W Cedar St

727 Wheaton Ave
Parchment, MI Local Guide

How much does it cost to rent an apartment in Parchment?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Parchment Studio Apartments | $999 | $700 | $1,882 |
| Cheap Parchment 1 Bedroom Apartments | $1,423 | $800 | $2,650 |
| Cheap Parchment 2 Bedroom Apartments | $1,633 | $850 | $4,090 |
| Cheap Parchment 3 Bedroom Apartments | $1,486 | $1,223 | $2,550 |
Browse Top Apartments in Parchment
See all Apartments in ParchmentExplore Parchment
Parchment, MI Local Guide
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Cheapest Available Parchment Apartments for Rent
 The cheapest available apartment rental in Parchment, MI is a 1 Bed unit found at Country Meadow Apartments in the Eastside neighborhood priced from $850. Rivers Edge Apartments in the West Main Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $852. Here is today’s list of the most affordable Parchment apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Meadow Apartments | 1 Bed Garden | 1BR,1BA | $850 |
| Rivers Edge Apartments | Studio | Studio,1BA | $852 |
| Parchment Manor (Brickstone River View Management LLC) | Parchment Manor | One Bedroom. One Bathroom | 1BR,1BA | $875 |
| Lakeview Apartments | 1 Bed 1 Bath | 1BR,1BA | $975 |
| Harrison Circle | 1 Bedroom 80% | 1BR,1BA | $999 |
| Parchment Point Townhomes | 2 bed | 1 Bath Affordable | 2BR,1BA | $1,165 |
| Coopers Landing Apartments | 1 Bed, 1 Bath Loft - 884 sq ft | 1BR,1BA | $1,185 |
Best Value Apartments for Rent in Parchment, MI
As of April 29, 2026 the best value apartment in the Parchment area is the $1.27 price per square foot Unit 204 Model at Arlington Lofts in the in the West Main Hill neighborhood starting from $2,100. The second greatest value Parchment apartment is the 2 BED, 2 BATH Model at Peregrine Square starting at $2,100 with a $1.46 price per square foot in the West Main Hill neighborhood. Here is today’s list of the best values for Parchment apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arlington Lofts | Unit 204 | 2BR,2BA | $1.27 |
| Peregrine Square | 2 BED, 2 BATH | 2BR,2BA | $1.46 |
| 107-123 E Michigan Ave | 2 Bed / 2 Bath | 2BR,2BA | $1.52 |
| Parchment Point Townhomes | 2 bed | 1 Bath Affordable | 2BR,1BA | $1.41 |
| Parchment Manor (Brickstone River View Management LLC) | Parchment Manor | One Bedroom. One Bathroom | 1BR,1BA | $1.08 |
| 118 N Riverview Dr, Unit Apt 3 | 118 N Riverview Dr | 1BR,1BA | $1.20 |
| 502 Vale Ave, Unit 3c | 502 Vale Ave | 1BR,1BA | $1.43 |
| Harrison Circle | 1 Bedroom 80% | 1BR,1BA | $1.53 |
| Country Meadow Apartments | 1 Bed Balcony | 1BR,1BA | $1.41 |
| Rivers Edge Apartments | Studio | Studio ,1BA | $1.59 |
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.
Read ArticleDon'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
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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 Parchment, MI Rentals by Map
See the most popular apartments and homes in Parchment, MI
Frequently Asked Questions about Cheap Parchment Apartments
What is the Cheapest Studio apartment in Parchment?
Currently the most affordable Cheap Studio Apartment in Parchment is at Rivers Edge Apartments listed at $852.
How much is rent for a Cheap One Bedroom Parchment Apartment?
The lowest price for a Cheap One Bedroom Parchment Apartment is $850 at Country Meadow Apartments.
What is the lowest price for a Cheap Two Bedroom Parchment Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parchment is starting from $1,000 at Country Meadow Apartments.
What is the most affordable Parchment Three Bedroom Apartment?
The best deal on a cheap Parchment Three Bedroom Apartment rental is at Lakeview Apartments 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

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.

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.

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.