
Cheap Homes for Rent near Shepherd, MI from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Shepherd.


216 Palmer St

703 E Chippewa St

1209 Gratiot Ave

116 N Kinney Ave

726 S 10th St
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.

931 S Fancher Ave

706 S Arnold St

3467 S Summerton Rd

3237 King Ct

2921 Depot St

403 Polk St
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.
Shepherd, MI Local Guide

How much does it cost to rent a home in Shepherd?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shepherd 2 Bedroom Homes for Rent | $1,187 | $725 | $2,395 |
| Shepherd 3 Bedroom Homes for Rent | $1,590 | $1,100 | $2,800 |
| Shepherd 4 Bedroom Homes for Rent | $1,788 | $1,575 | $1,950 |
| Shepherd 5 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
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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 Gaylord Street Apartments priced from $545. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gaylord Street Apartments | Gaylord Apartment | 1BR,1BA | $545 |
| Parkside Apartments | One Bedroom | 1BR,1BA | $598 |
| Wright Ave Apartments | One Bedroom | 1BR,1BA | $600 |
| Rest All Suites | Studio, 1 bath | Studio,1BA | $625 |
| Rivers Edge Apartments | 1 Bedroom | 1BR,1BA | $650 |
Best Value Apartments for Rent in Shepherd, MI and Nearby
As of August 29, 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 Unit 17 Model at Cherry Street Town Houses starting at $1,300 with a $0.95 price per square foot . 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 |
| Cherry Street Town Houses | Unit 17 | 4BR,1.5BA | $0.95 |
| Michigan Edgewood | 4 Bed/1.5 Bath | 4BR,1.5BA | $1.08 |
| Cambridge Terrace | 2L - 2 Bedroom Lower | 2BR,1BA | $1.06 |
| The Edge at 1815 - Student Housing | Two Bedroom One Bathroom | 2BR,2BA | $0.51 |
| Heritage Arms | The Emerson | 2BR,1BA | $1.04 |
| Mary Court Place Apartments | Townhome | 2BR,1BA | $0.88 |
| Village at Bluegrass | B1 | 2BR,2BA | $0.65 |
| French Quarters Apartments | 2-Bedroom | 2BR,1BA | $1.13 |
| Parkside Apartments | One Bedroom | 1BR,1BA | $1.04 |
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.
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Best Local Schools in Shepherd, MI
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Frequently Asked Questions about Shepherd
What type of rentals are currently available in Shepherd?
There are currently 52 Apartments for Rent in Shepherd, MI with pricing that ranges from $425 to $1,715. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shepherd ranging from $600 to $5,000.
What is the current price range for Rental Homes in Shepherd?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shepherd ranges from $600 to $5,000 with an average monthly rent of $1,434.
How much are larger Three and Four Bedroom Rentals in Shepherd?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Shepherd range from $975 to $1,690, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,575 and Four Bedroom Apartments start at $425.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.