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


Presque Isle Estates

SPRING HARBOR APARTMENTS - No Vacancy

Bear Creek Meadows - Petoskey, MI

Hillside Club Apartments
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.

Osborn Commons

Stargate Motel

Mackinaw Apartments

Lighthouse Village

Lighthouse Gardens 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.

Jamestown Apartments

Cheboygan Shores

Totem Lodges

Huron Apartments

Inland Lakes Motel
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.
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 | $1,337 | $1,101 | $1,725 |
| Trout Lake 2 Bedroom Apartments | $1,485 | $575 | $1,849 |
| Trout Lake 3 Bedroom Apartments | $1,085 | $750 | $1,421 |
Browse Top Apartments in Trout Lake
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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 Osborn Commons priced from $437. 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 Trout Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Osborn Commons | Two Bedroom | 2BR,1BA | $437 |
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $835 |
| The Annex | Unit 5 | 1BR,1BA | $1,200 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Trout Lake, MI and Nearby
As of June 20, 2026 the best value apartment in the Trout Lake area is the $0.41 price per square foot Two Bedroom Model at Osborn Commons in the starting from $437. The second greatest value Trout Lake apartment is the Pinecrest Model at Pinecrest starting at $1,622 with a $1.62 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. |
|---|---|---|---|
| Osborn Commons | Two Bedroom | 2BR,1BA | $0.41 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.62 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.09 |
| The Annex | Unit 3 | 1BR,1BA | $1.66 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.05 |
| The Block at Petoskey | 1BA | 1BR,1BA | $2.28 |
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Trout Lake, MI Rentals by Map
See the most popular apartments and homes in Trout Lake, MI
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 $1,200 at The Annex.
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 $437 at Osborn Commons.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.