602 Saunders Rd SE
KalkaskaMI49646
Cheap Homes for Rent near Peninsula, MI from $650 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Peninsula.
853 E Front St
Traverse CityMI49686
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
5713 Creeks Crossing N, Unit 5713 CREEKS CROSSING N, W
5713 Creeks Crossing N
WilliamsburgMI49690
124 Beech St
Traverse CityMI49684
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
4210 Mitchell Creek Dr, Unit 6
4210 Mitchell Creek Dr
Traverse CityMI49686
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Peninsula, MI Local Guide
Wooded train tracks by rob b is licensed under CC BY 2.0
How much does it cost to rent a home in Peninsula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peninsula 2 Bedroom Homes for Rent | $1,763 | $1,150 | $3,200 |
| Peninsula 3 Bedroom Homes for Rent | $2,313 | $1,820 | $3,500 |
| Peninsula 4 Bedroom Homes for Rent | $2,200 | $2,000 | $2,400 |
| Peninsula 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Peninsula
Explore Peninsula
Peninsula, MI Local Guide
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Cheapest Available Peninsula Apartments for Rent and Nearby
The cheapest available apartment rental in Peninsula, MI is a 1 Bed unit found at Oak Terrace priced from $796. Buena Vista Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Peninsula apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Buena Vista Estates | Two Bed One Bath | 2BR,1BA | $1,100 |
| Bay Hill I | 2D | 2BR,2BA | $1,247 |
Best Value Apartments for Rent in Peninsula, MI and Nearby
As of August 24, 2026 the best value apartment in the Peninsula area is the $1.64 price per square foot Dune Model at Liv East Bay in the starting from $2,950. The second greatest value Peninsula apartment is the Single Family Home Model at Woodbury Estates starting at $2,399 with a $1.98 price per square foot . Here is today’s list of the best values for Peninsula apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Liv East Bay | Dune | 3BR,2.5BA | $1.64 |
| Woodbury Estates | Single Family Home | 3BR,2BA | $1.98 |
| Townhouse Lane | Townhouse Ln | 2BR,1.5BA | $1.29 |
| Bay Hill I | 2D | 2BR,2BA | $1.21 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.46 |
| Hillside Apartments | APT 2 | Studio ,1BA | $1.00 |
| Buena Vista Estates | Three Bed Two Bath | 3BR,2BA | $1.70 |
| Edge 72 | Traveler | 1BR,1BA | $1.92 |
| Marengo TC | Morello | 1BR,1BA | $2.14 |
| 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 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 Article
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Frequently Asked Questions about Peninsula
What type of rentals are currently available in Peninsula?
There are currently 31 Apartments for Rent in Peninsula, MI with pricing that ranges from $796 to $3,500. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula ranging from $650 to $3,500.
What is the current price range for Rental Homes in Peninsula?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peninsula ranges from $650 to $3,500 with an average monthly rent of $2,053.
How much are larger Three and Four Bedroom Rentals in Peninsula?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peninsula range from $1,154 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,820 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,000 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.