Cheap Apartments for Rent in Petoskey, MI from $400 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in Petoskey.

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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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Glen Haven Circle
2 Bedroom Apartments

Glen Haven Circle

995 Glen Haven CirPetoskey, MI 49770
Senior Living
  • Utilities Included

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Chelsea Park West
$1,797 - $2,301
Total Monthly Price

Total Monthly Price

Base Rent
$1,797 - $2,301
Total Monthly Price
$1,797 - $2,301
1 to 2 Bedroom Apartments Available Now

Chelsea Park West

2054 Essex View DrTraverse City, MI 49685
Eco-Friendly
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Legends Morgan Farms
$1,869 - $2,401
Total Monthly Price

Total Monthly Price

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$1,869 - $2,401
Total Monthly Price
$1,869 - $2,401
1 to 2 Bedroom Apartments Available Now

Legends Morgan Farms

12300 S Lovell LnTraverse City, MI 49684
Family Friendly
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  • Utilities Included
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Stargate Motel
2 to 3 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
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Huron Apartments
1 to 2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Corporate Housing
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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
Corporate Housing
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Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
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Inland Lakes Motel
1 to 2 Bedroom Apartments

Inland Lakes Motel

1225 S Grandview Beach RdIndian River, MI 49749
Corporate Housing
  • Utilities Included

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.

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Cheboygan Shores
1 Bedroom Apartments

Cheboygan Shores

328 Duncan AveCheboygan, MI 49721
Senior Living
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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
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Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Totem Lodges
1 to 3 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
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Manitou Woods
1 to 3 Bedroom Apartments

Manitou Woods

1021 Manitou DrTraverse City, MI 49686
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Petoskey, MI Local Guide

Cheapest Available Petoskey Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petoskey, MI is a 1 Bed unit found at Oak Terrace priced from $796. Mackinaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $835. Here is today’s list of the most affordable Petoskey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Terrace1 BEDROOM1BR,1BA$796
Mackinaw ApartmentsTwo Bedroom2BR,1BA$835
Aspen VillageNew Double-Wide3BR,1BA$1,200
Brookside CommonsTwo Bedroom2BR,1BA$1,227
The Block at Petoskey1BA Rent & Income Restrictions Apply1BR,1BA$1,295
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1,300
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$1,350
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,374
Townhouse LaneTownhouse Ln2BR,1BA$1,395
Townline FlatsTownline 1 Bedroom Apartments1BR,1BA$1,540

Best Value Apartments for Rent in Petoskey, MI and Nearby

As of June 24, 2026 the best value apartment in the Petoskey area is the $1.52 price per square foot 3BD/2.5BA Model at Manitou Woods in the starting from $2,025. The second greatest value Petoskey apartment is the Birch Model at Pines45 Apartments starting at $1,635 with a $1.47 price per square foot . Here is today’s list of the best values for Petoskey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Manitou Woods3BD/2.5BA3BR,2.5BA$1.52
Pines45 ApartmentsBirch2BR,2BA$1.47
Ridge45 ApartmentsLongitude South2BR,2BA$1.64
Townhouse LaneTownhouse Ln2BR,1.5BA$1.29
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.46
Hillside ApartmentsAPT 2Studio ,1BA$1.00
PinecrestPinecrest2BR,2BA$1.62
Mackinaw ApartmentsTwo Bedroom2BR,1BA$1.09
Oak Terrace1 BEDROOM1BR,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.

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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.

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Remember the 3 Rules of Real Estate:
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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 $796 at Oak Terrace.

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 $835 at Mackinaw Apartments.

What is the most affordable Petoskey Three Bedroom Apartment?

The best deal on a cheap Petoskey Three Bedroom Apartment rental is at Aspen Village and starts from $1,200.

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

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.