
Cheap Apartments for Rent in Petoskey, MI from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Petoskey.

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.

PARK MEADOW APARTMENTS

Bay Hill I

Green Meadows Apartments

138 W Mitchell St

Lighthouse Gardens Apartments

The Flats at Carriage Commons

Pines45 Apartments
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.

614 W Mitchell St, Unit UnitA

Harbour Ridge Apartments

4210 Mitchell Creek Dr, Unit 6

SPRING HARBOR APARTMENTS

Lake Pointe Village

Pine Hills and Cedar Hills Apartments
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.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Petoskey, MI Local Guide

How much does it cost to rent an apartment in Petoskey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petoskey Studio Apartments | $1,444 | $1,083 | $3,000 |
Petoskey 1 Bedroom Apartments | $1,584 | $775 | $2,800 |
Petoskey 2 Bedroom Apartments | $1,960 | $862 | $3,800 |
Petoskey 3 Bedroom Apartments | $2,134 | $1,033 | $3,600 |
Petoskey 4 Bedroom Apartments | $1,608 | $1,608 | $1,608 |
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Petoskey, MI Local Guide
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Cheapest Available Petoskey Apartments for Rent and Nearby
 The cheapest available apartment rental in Petoskey, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. Annika Place in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $476. Here is today’s list of the most affordable Petoskey apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ruth Park | Two Bedroom | 2BR,1BA | $454 |
Annika Place | Two Bedroom | 2BR,1BA | $476 |
Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1,028 |
The Flats at Carriage Commons | One Bedroom | 1BR,1BA | $1,081 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
Best Value Apartments for Rent in Petoskey, MI and Nearby
As of July 24, 2025 the best value apartment in the Petoskey area is the $1.48 price per square foot Cedar Model at Pines45 Apartments in the starting from $1,750. The second greatest value Petoskey apartment is the Three Bedroom Model at Ruth Park starting at $1,800 with a $1.61 price per square foot in the Downtown Traverse City neighborhood. Here is today’s list of the best values for Petoskey apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
Ruth Park | Three Bedroom | 3BR,2BA | $1.61 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
Annika Place | Two Bedroom | 2BR,1BA | $0.52 |
Legends Morgan Farms | Harbor | 1BR,1BA | $2.31 |
Chelsea Park West | Arcadia Bay | 1BR,1BA | $2.32 |
Bayview of Traverse City | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $2.33 |
Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.62 |
The Flats at Carriage Commons | Studio | Studio ,1BA | $2.19 |
Quick Rent Budget Calculator
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Best Local Schools in Petoskey, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Petoskey, MI Rentals by Map
See the most popular apartments and homes in Petoskey, MI
Getting Around Petoskey, MI
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Petoskey Apartments
How much is rent for a Cheap One Bedroom Petoskey Apartment?
The lowest price for a Cheap One Bedroom Petoskey Apartment is $1,050 at Lighthouse Gardens Apartments.
What is the lowest price for a Cheap Two Bedroom Petoskey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Petoskey is starting from $454 at Ruth Park.
What is the most affordable Petoskey Three Bedroom Apartment?
The best deal on a cheap Petoskey Three Bedroom Apartment rental is at Lighthouse Gardens Apartments and starts from $1,357.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.