Cheap Apartments for Rent in Trout Lake, MI from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Trout Lake.

Presque Isle Estates

SPRING HARBOR APARTMENTS

Bear Creek Meadows - Petoskey, MI

Hillside Club Apartments
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.
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.
Trout Lake, MI Local Guide

How much does it cost to rent an apartment in Trout Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Trout Lake 1 Bedroom Apartments | $1,113 | $588 | $1,345 |
Trout Lake 2 Bedroom Apartments | $1,208 | $600 | $1,600 |
Trout Lake 3 Bedroom Apartments | $1,258 | $610 | $1,675 |
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Trout Lake, MI Local Guide
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Cheapest Available Trout Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Trout Lake, MI is a 2 Beds unit found at Presque Isle Estates priced from $600. Cheboygan Shores has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here is today’s list of the most affordable Trout Lake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Presque Isle Estates | 1618 | 2BR,1BA | $600 |
Cheboygan Shores | 1 Bedroom | 1BR,1BA | $919 |
The Annex | Unit 5 | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Trout Lake, MI and Nearby
As of June 17, 2025 the best value apartment in the Trout Lake area is the $1.58 price per square foot Unit 3 Model at The Annex in the starting from $1,200. The second greatest value Trout Lake apartment is the 1639 Model at Presque Isle Estates starting at $650 with a $0.87 price per square foot . Here is today’s list of the best values for Trout Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Annex | Unit 3 | 1BR,1BA | $1.58 |
Presque Isle Estates | 1639 | 2BR,1BA | $0.87 |
Cheboygan Shores | 1 Bedroom | 1BR,1BA | $1.39 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cheap Trout Lake Apartments
How much is rent for a Cheap One Bedroom Trout Lake Apartment?
The lowest price for a Cheap One Bedroom Trout Lake Apartment is $919 at Cheboygan Shores.
What is the lowest price for a Cheap Two Bedroom Trout Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Trout Lake is starting from $600 at Presque Isle Estates.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.