5712 Shanty Creek Rd
BellaireMI49615
Cheap Homes for Rent near Petoskey, MI from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Petoskey.
8542 Park Ave
AlansonMI49706
124 Beech St
Traverse CityMI49684
8727 Sandy St
AlansonMI49706
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.
8630 Park Ave
AlansonMI49706
4536 Moore Rd
WilliamsburgMI49690
4055 S Thornapple Hollow
Suttons BayMI49682
10964 N Mackinaw Hwy
Carp LakeMI49718
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.
2080 Robins Ct NW
KalkaskaMI49646
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Petoskey, MI Local Guide
Bayfront Park by Scottb211 is licensed under CC BY 2.0
How much does it cost to rent a home in Petoskey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Petoskey 2 Bedroom Homes for Rent | $1,897 | $1,500 | $2,400 |
| Petoskey 3 Bedroom Homes for Rent | $2,287 | $1,349 | $3,500 |
| Petoskey 4 Bedroom Homes for Rent | $3,075 | $2,000 | $5,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 1 Bed unit found at Oak Terrace priced from $796. Brookside Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $816. Here is today’s list of the most affordable Petoskey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Brookside Commons | 2 Bedroom B | 2BR,1BA | $816 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $845 |
Best Value Apartments for Rent in Petoskey, MI and Nearby
As of August 04, 2026 the best value apartment in the Petoskey area is the $1.60 price per square foot Empire Model at Liv East Bay in the starting from $3,065. The second greatest value Petoskey apartment is the Townhouse Ln Model at Townhouse Lane starting at $1,395 with a $1.29 price per square foot . 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. |
|---|---|---|---|
| Liv East Bay | Empire | 4BR,2.5BA | $1.60 |
| Townhouse Lane | Townhouse Ln | 2BR,1.5BA | $1.29 |
| Brookside Commons | 2 Bedroom A | 2BR,1BA | $1.27 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.46 |
| Hillside Apartments | APT 2 | Studio ,1BA | $1.00 |
| The Block at Petoskey | 2B Workforce Housing Unit* | 2BR,1BA | $1.93 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.11 |
| Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1.83 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.05 |
| 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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Best Local Schools in Petoskey, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Petoskey, MI
Frequently Asked Questions about Petoskey
What type of rentals are currently available in Petoskey?
There are currently 71 Apartments for Rent in Petoskey, MI with pricing that ranges from $468 to $3,500. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petoskey ranging from $1,349 to $5,000.
What is the current price range for Rental Homes in Petoskey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Petoskey ranges from $1,349 to $5,000 with an average monthly rent of $2,222.
How much are larger Three and Four Bedroom Rentals in Petoskey?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Petoskey range from $1,080 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,349 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.
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.
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.