
Cheap Apartments for Rent near Presque Isle, MI from $300 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Presque Isle.


Thunder Bay Estates

Lake Shore Estates

PARK MEADOW APARTMENTS

Green Meadows Apartments

Sawmill Lofts
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.

419 Monroe St

Pines45 Apartments

Hillside Club Apartments

Aspen Village

Total Monthly Price
7534 U.S. 23-SI ID1539829P, Unit SI ID1539829P

SPRING HARBOR APARTMENTS - No Vacancy
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.

Bingham Apartments - 55+ Community

Victories Square

602 Saunders Rd

North Star Rentals

Hidden Brook Manor

Pinecrest Manor
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.

Stargate Motel

Huron Apartments

Mackinaw Apartments

Lighthouse Village

Inland Lakes Motel

Cheboygan Shores
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.

7 Evergreen Dr

Totem Lodges
Presque Isle, MI Local Guide

How much does it cost to rent an apartment in Presque Isle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Presque Isle Studio Apartments | $990 | $885 | $1,095 |
| Presque Isle 1 Bedroom Apartments | $1,256 | $800 | $1,725 |
| Presque Isle 2 Bedroom Apartments | $1,496 | $575 | $3,000 |
| Presque Isle 3 Bedroom Apartments | $1,318 | $750 | $1,990 |
Browse Top Apartments in Presque Isle
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Presque Isle, MI Local Guide
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Cheapest Available Presque Isle Apartments for Rent and Nearby
 The cheapest available apartment rental in Presque Isle, MI is a 2 Beds unit found at Presque Isle Estates priced from $575. Thunder Bay Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Presque Isle apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Thunder Bay Estates | C22 | 2BR,1BA | $675 |
| Lake Shore Estates | 39 | 3BR,2BA | $800 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $845 |
| Sawmill Lofts | 1 Bedroom - 1 Bath | 1BR,1BA | $1,150 |
| Aspen Village | New Double-Wide | 3BR,1BA | $1,200 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,350 |
| The Block at Petoskey | 1BA Workforce Housing Unit* | 1BR,1BA | $1,360 |
Best Value Apartments for Rent in Presque Isle, MI and Nearby
As of July 29, 2026 the best value apartment in the Presque Isle area is the $0.75 price per square foot 39 Model at Lake Shore Estates in the starting from $800. The second greatest value Presque Isle apartment is the Two Bedroom Model at Mackinaw Apartments starting at $845 with a $1.11 price per square foot . Here is today’s list of the best values for Presque Isle apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Shore Estates | 39 | 3BR,2BA | $0.75 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.11 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Thunder Bay Estates | C22 | 2BR,1BA | $1.01 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.05 |
| The Block at Petoskey | 1BA Workforce Housing Unit* | 1BR,1BA | $2.07 |
| Sawmill Lofts | 1 Bedroom - 1 Bath | 1BR,1BA | $2.42 |
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 ArticleReal 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 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 Presque Isle, MI Rentals by Map
See the most popular apartments and homes in Presque Isle, MI
Frequently Asked Questions about Cheap Presque Isle Apartments
How much is rent for a Cheap One Bedroom Presque Isle Apartment?
The lowest price for a Cheap One Bedroom Presque Isle Apartment is $1,150 at Sawmill Lofts.
What is the lowest price for a Cheap Two Bedroom Presque Isle Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Presque Isle is starting from $575 at Presque Isle Estates.
What is the most affordable Presque Isle Three Bedroom Apartment?
The best deal on a cheap Presque Isle Three Bedroom Apartment rental is at Presque Isle Estates and starts from $750.
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.

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.

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.