
Cheap Homes for Rent in Ray, MI from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Ray.


801 Plate St

45835 Brownell St

805 Plate St
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.

803 Plate St

43237 Cape Dr

51623 Mound Rd

176 N Christine Cir
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 | $1,623 | $1,275 | $2,190 |
| Ray 3 Bedroom Homes for Rent | $2,034 | $1,329 | $3,200 |
| Ray 4 Bedroom Homes for Rent | $6,900 | $3,800 | $10,000+ |
Browse Top Homes for Rent in Ray
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Ray, MI Local Guide
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Cheapest Neighborhoods for Apartments in Ray, MI
Pricing Updated: 05/09/2026Current 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 | $2,074 | $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 Sterling Hill Apartments in the Brookland neighborhood priced from $911. Aspen Creek Apartments in the New Baltimore neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $955. Here is today’s list of the most affordable Ray apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sterling Hill Apartments | 1/1 SM | 1BR,1BA | $911 |
| Aspen Creek Apartments | One Bedroom | 1BR,1BA | $955 |
| Eagles Landing of Washington | The Harding Includes Heat | 1BR,1BA | $975 |
Best Value Apartments for Rent in Ray, MI and Nearby
As of May 09, 2026 the best value apartment in the Ray area is the $1.34 price per square foot Livingston Model at Brickhaven Townhomes in the in the Westminister neighborhood starting from $2,350. The second greatest value Ray apartment is the Mulberry Model at Everly of Macomb starting at $2,449 with a $1.43 price per square foot in the Sandstone at The Retreat 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. |
|---|---|---|---|
| Brickhaven Townhomes | Livingston | 3BR,2.5BA | $1.34 |
| Everly of Macomb | Mulberry | 2BR,2BA | $1.43 |
| Casa Mia Apartments | I & J Style | 2BR,2BA | $1.25 |
| Springbrook Estates | 2 Bed 2 Bath Single Section | 2BR,2BA | $1.16 |
| Oakview Square | 2br 1bt 1000 sf | 2BR,1BA | $1.11 |
| Stony on Van Dyke | Stony on Van Dyke Apartments - Two Bedroom, One... | 2BR,1BA | $1.26 |
| Apple Valley Apartments | Paula Red Updated | 2BR,1BA | $1.38 |
| Aspen Creek Apartments | Two Bedroom | 2BR,1.5BA | $1.18 |
| Shelby Park Manor Apts - 55 & OVER | 9125 1 Bed / 1 Bath Lower Ground Level | 1BR,1BA | $1.39 |
| Eagles Landing of Washington | The Harding Includes Heat | 1BR,1BA | $1.39 |
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 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ray ranging from $750 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 $750 to $10,000 with an average monthly rent of $2,488.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.