Cheap Apartments for Rent in Shepherd, MI from $400 (42 Rentals)

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

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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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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Brookwood Manor
1 to 2 Bedroom Apartments

Brookwood Manor

202 Mary StClare, MI 48617
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Shepley Apartments
1 to 2 Bedroom Apartments

Shepley Apartments

711 Fairway DrSt. Louis, MI 48880
Corporate Housing
  • Utilities Included
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Woodside Apartments
1 to 2 Bedroom Apartments

Woodside Apartments

1535 E Bellows StMt. Pleasant, MI 48858
  • Utilities Included
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Bridge Street North
1 to 2 Bedroom Apartments

Bridge Street North

1050 Bridge AveAlma, MI 48801
Corporate Housing
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Linden Apartments
1 to 2 Bedroom Apartments

Linden Apartments

430 E Grove StCarson City, MI 48811
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-42, Page 1 of 1

Shepherd, MI Local Guide

Cheapest Available Shepherd Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shepherd, MI is a 1 Bed unit found at Cranbrook Terrace - Senior Community priced from $543. Parkside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $598. Here is today’s list of the most affordable Shepherd apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cranbrook Terrace - Senior CommunityOne Bedroom1BR,1BA$543
Parkside ApartmentsOne Bedroom1BR,1BA$598
Wright Ave ApartmentsOne Bedroom1BR,1BA$600
Rest All SuitesStudio, 1 bathStudio,1BA$625
Rivers Edge Apartments1 Bedroom1BR,1BA$650
Corning Apartments1 Bedroom1BR,1BA$750
Mary Court Place ApartmentsTownhome2BR,1BA$750
Shepley ApartmentsOne Bedroom1BR,1BA$780
Timber Creek ApartmentsTwo Bedroom2BR,1BA$810
Rockway Village (Shepherd 33 LLC)Rockway Village - One Bedroom - WAITLIST ONLY1BR,1BA$825

Best Value Apartments for Rent in Shepherd, MI and Nearby

As of April 30, 2026 the best value apartment in the Shepherd area is the $0.30 price per square foot Townhome Model at Appian Way Apartments in the starting from $425. The second greatest value Shepherd apartment is the Three Bedroom Two Bath Model at Arboretum Apartment Homes starting at $1,255 with a $1.05 price per square foot . Here is today’s list of the best values for Shepherd apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Appian Way ApartmentsTownhome4BR,2BA$0.30
Arboretum Apartment HomesThree Bedroom Two Bath3BR,2BA$1.05
Michigan Edgewood4 Bed/1.5 Bath1BR,1.5BA$1.08
Timber Creek ApartmentsThree Bedroom3BR,1BA$1.06
The Edge at 1815 - Student HousingTwo Bedroom Two Bath Apartment *Per Person Rates2BR,2BA$0.51
Mary Court Place ApartmentsTownhome2BR,1BA$0.88
French Quarters Apartments2-Bedroom2BR,1BA$1.03
Cambridge Terrace1U - 1 Bedroom Upper1BR,1BA$1.09
Cranbrook Terrace - Senior CommunityOne Bedroom1BR,1BA$0.87
Parkside ApartmentsOne Bedroom1BR,1BA$1.04

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick 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.

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Shepherd, MI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Shepherd Apartments

How much is rent for a Cheap One Bedroom Shepherd Apartment?

The lowest price for a Cheap One Bedroom Shepherd Apartment is $543 at Cranbrook Terrace - Senior Community.

What is the lowest price for a Cheap Two Bedroom Shepherd Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shepherd is starting from $630 at Parkside Apartments.

What is the most affordable Shepherd Three Bedroom Apartment?

The best deal on a cheap Shepherd Three Bedroom Apartment rental is at Timber Creek Apartments and starts from $975.

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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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.

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.