
Cheap Homes for Rent in Ray, MI from $1,100 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Ray.


51166 Johns Dr

803 Plate St

50431 Bay Run S

8162 24 Mile Rd

15834 N Franklin Dr

480 Baldwin Ave
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.

29778 W Essex Ct

52553 Elmcrest Ct

14138 Webster Dr

52780 S Zacharias Ct

133 S Christine Cir

314 Fairgrove St

50450 Bay Run N
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.
Ray, MI Local Guide

How much does it cost to rent a home in Ray?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ray 2 Bedroom Homes for Rent | $1,652 | $1,200 | $2,190 |
| Ray 3 Bedroom Homes for Rent | $1,856 | $1,469 | $2,700 |
| Ray 4 Bedroom Homes for Rent | $7,100 | $4,200 | $10,000+ |
Browse Top Homes for Rent in Ray
Explore Ray
Ray, MI Local Guide
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Cheapest Neighborhoods for Apartments in Ray, MI
Pricing Updated: 06/23/2026Current apartment rentals in the Ray, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Ray Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Strathmore | $2,086 | $1,974 | 10 |
Cheapest Available Ray Apartments for Rent and Nearby
 The cheapest available apartment rental in Ray, MI is a 1 Bed unit found at Chesterfield Manor in the New Baltimore neighborhood priced from $925. Aspen Creek Apartments in the New Baltimore neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $930. Here is today’s list of the most affordable Ray apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chesterfield Manor | One Bedroom | 1BR,1BA | $925 |
| Aspen Creek Apartments | One Bedroom | 1BR,1BA | $930 |
| Eagles Landing of Washington | The Harding Includes Heat | 1BR,1BA | $975 |
| Stony on Van Dyke | Stony on Van Dyke Apartments - One Bedroom *App... | 1BR,1BA | $1,000 |
| Sterling Hill Apartments | Sterling Hill Apartments (51501 Mound LLC) - **... | 1BR,1BA | $1,046 |
Best Value Apartments for Rent in Ray, MI and Nearby
As of June 23, 2026 the best value apartment in the Ray area is the $1.22 price per square foot 3 Bedrooms, 2.5 Bathrooms Model at Windemere East in the in the Shelby Township Utica neighborhood starting from $2,300. The second greatest value Ray apartment is the 2 Bedrooms, 2 Bathrooms Model at Annsbury North Phase I starting at $1,700 with a $1.31 price per square foot in the Westminister neighborhood. Here is today’s list of the best values for Ray apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Windemere East | 3 Bedrooms, 2.5 Bathrooms | 3BR,2.5BA | $1.22 |
| Annsbury North Phase I | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.31 |
| Casa Mia Apartments | I & J Style | 2BR,2BA | $1.25 |
| Stony on Van Dyke | Stony on Van Dyke Apartments - Two Bedroom, Two... | 2BR,2BA | $1.31 |
| Apple Valley Apartments | Paula Red Updated | 2BR,1BA | $1.38 |
| Lakeside Park | Two Bedroom | 2BR,2BA | $1.34 |
| Shelby Park Manor Apts - 55 & OVER | 9125 1 Bed / 1 Bath Lower Ground Level | 1BR,1BA | $1.39 |
| Chesterfield Manor | One Bedroom | 1BR,1BA | $1.16 |
| Aspen Creek Apartments | One Bedroom | 1BR,1BA | $1.22 |
| Clinton Township Apartments | The Shelby | 1BR,1BA | $1.24 |
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 Ray, MI Rentals by Map
See the most popular apartments and homes in Ray, MI
Frequently Asked Questions about Ray
What type of rentals are currently available in Ray?
There are currently 40 Apartments for Rent in Ray, MI with pricing that ranges from $640 to $3,600. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ray ranging from $1,150 to $10,000.
What is the current price range for Rental Homes in Ray?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ray ranges from $1,150 to $10,000 with an average monthly rent of $4,381.
How much are larger Three and Four Bedroom Rentals in Ray?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ray range from $1,350 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,469 to $2,700. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $2,375.
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

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.

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.

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.