Cheap Apartments for Rent in Tower, MI from $300 (38 Rentals)

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

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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property at 853 E Front St

$950 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,350
Total Monthly Price
$950 - $1,350

1 To 2 Bedroom Homes for Rent

Available Oct 27

853 E Front St

Traverse CityMI49686

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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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included
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Huron Apartments
1 to 2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Corporate Housing

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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Stargate Motel
2 to 3 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
  • Utilities Included
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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
Corporate Housing
  • Utilities Included
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Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
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Inland Lakes Motel
1 to 2 Bedroom Apartments

Inland Lakes Motel

1225 S Grandview Beach RdIndian River, MI 49749
Corporate Housing
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Cheboygan Shores
1 Bedroom Apartments

Cheboygan Shores

328 Duncan AveCheboygan, MI 49721
Senior Living
  • Utilities Included
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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
  • Utilities Included

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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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Totem Lodges
1 to 3 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
  • Utilities Included
Showing Results 1-38, Page 1 of 1

Tower, MI Local Guide

Cheapest Available Tower Apartments for Rent and Nearby

 

The cheapest available apartment rental in Tower, MI is a 1 Bed unit found at Annika Place in the Downtown Traverse City neighborhood priced from $419. Presque Isle Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Tower apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Annika PlaceOne Bedroom1BR,1BA$419
Presque Isle Estates14122BR,1BA$575
Thunder Bay EstatesD32BR,1BA$675
Lake Shore Estates412BR,1BA$675
Riverview Terrace1 Bedroom R1BR,1BA$744
Hidden Brook Manor1 Bed1BR,1BA$790
Pinecrest Manor1 Bed1BR,1BA$794
Oak Terrace1 BEDROOM1BR,1BA$796
Mackinaw ApartmentsTwo Bedroom2BR,1BA$825
Aspen VillageNew Double-Wide3BR,1BA$1,200

Best Value Apartments for Rent in Tower, MI and Nearby

As of May 27, 2026 the best value apartment in the Tower area is the $1.52 price per square foot 3BD/2.5BA Model at Manitou Woods in the starting from $2,025. The second greatest value Tower apartment is the Birch Model at Pines45 Apartments starting at $1,635 with a $1.47 price per square foot . Here is today’s list of the best values for Tower apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Manitou Woods3BD/2.5BA3BR,2.5BA$1.52
Pines45 ApartmentsBirch2BR,2BA$1.47
Lake Shore Estates412BR,1.5BA$0.80
Mackinaw ApartmentsTwo Bedroom2BR,1BA$1.08
Thunder Bay EstatesD32BR,1BA$0.94
Presque Isle Estates15202BR,1BA$1.04
Annika PlaceOne Bedroom1BR,1BA$0.61
Hidden Brook Manor1 Bed1BR,1BA$1.32
Pinecrest Manor1 Bed1BR,1BA$1.32
Oak Terrace1 BEDROOM1BR,1BA$1.38

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

Explore Tower, MI Rentals by Map

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See the most popular apartments and homes in Tower, MI

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Frequently Asked Questions about Cheap Tower Apartments

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

The lowest price for a Cheap One Bedroom Tower Apartment is $419 at Annika Place.

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

Today's best deal for a Cheap Two Bedroom Apartment in Tower is starting from $575 at Presque Isle Estates.

What is the most affordable Tower Three Bedroom Apartment?

The best deal on a cheap Tower Three Bedroom Apartment rental is at Presque Isle Estates and starts from $750.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.