
Cheap Apartments for Rent in Shepherd, MI from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Shepherd.


Wright Ave Apartments

Rivers Edge Apartments

Eastlawn Arms Apartments
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.

Chase Run Apartments

411 S Grover Ave
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.

11101 E Pickard Rd

3467 S Summerton Rd
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.
Shepherd, MI Local Guide

How much does it cost to rent an apartment in Shepherd?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shepherd Studio Apartments | $835 | $625 | $1,046 |
| Shepherd 1 Bedroom Apartments | $986 | $543 | $1,487 |
| Shepherd 2 Bedroom Apartments | $1,266 | $663 | $2,099 |
| Shepherd 3 Bedroom Apartments | $1,319 | $1,093 | $1,680 |
| Shepherd 4 Bedroom Apartments | $811 | $425 | $1,583 |
Browse Top Apartments in Shepherd
See all Apartments in ShepherdExplore Shepherd
Shepherd, MI Local Guide
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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. Rest All Suites has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Shepherd apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cranbrook Terrace - Senior Community | One Bedroom | 1BR,1BA | $543 |
| Rest All Suites | Studio, 1 bath | Studio,1BA | $625 |
| Rivers Edge Apartments | 1 Bedroom | 1BR,1BA | $650 |
| Mary Court Place Apartments | Townhome | 2BR,1BA | $750 |
| Shepley Apartments | Two Bedroom | 2BR,1BA | $809 |
Best Value Apartments for Rent in Shepherd, MI and Nearby
As of October 30, 2025 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 5d Two Bedroom Model at Birchwood Pointe starting at $1,440 with a $1.18 price per square foot in the Downtown Midland MI neighborhood. Here is today’s list of the best values for Shepherd apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Appian Way Apartments | Townhome | 4BR,2BA | $0.30 |
| Birchwood Pointe | 5d Two Bedroom | 2BR,2BA | $1.18 |
| Heather Lane Townhomes | Three Bedroom Townhome | 3BR,1.5BA | $1.26 |
| Canterbury East Apartments | Deluxe Two Bedroom | 2BR,1.5BA | $1.14 |
| Timber Creek Apartments | Two Bedroom | 2BR,1BA | $0.98 |
| The Edge at 1815 - Student Housing | Two Bedroom Two Bath Apartment *Per Person Rates | 2BR,2BA | $0.56 |
| Mary Court Place Apartments | Townhome | 2BR,1BA | $0.88 |
| Center City Lofts | 2 Bed 1 Bath | 2BR,1BA | $1.24 |
| Shepley Apartments | Two Bedroom | 2BR,1BA | $1.16 |
| Cranbrook Terrace - Senior Community | One Bedroom | 1BR,1BA | $0.87 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
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.
Best Local Schools in Shepherd, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shepherd, MI Rentals by Map
See the most popular apartments and homes in Shepherd, MI
Getting Around Shepherd, MI
Walk Score®
16 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $663 at Cranbrook Terrace - Senior Community.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.






