
Cheap Apartments for Rent in Trout Lake, MI from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Trout Lake.


SPRING HARBOR APARTMENTS

Little Traverse Village

Bear Creek Meadows - Petoskey, MI

Hillside Club 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.
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.
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 | $1,209 | $917 | $1,395 |
Trout Lake 2 Bedroom Apartments | $1,281 | $575 | $1,750 |
Trout Lake 3 Bedroom Apartments | $1,523 | $1,084 | $1,725 |
Trout Lake 4 Bedroom Apartments | $1,608 | $1,608 | $1,608 |
Browse Top Apartments in Trout Lake
See all Apartments in Trout LakeExplore Trout Lake
Trout Lake, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 $575. Lighthouse Gardens Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,028. 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 | 1610 | 2BR,1BA | $575 |
Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1,028 |
The Annex | Unit 5 | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Trout Lake, MI and Nearby
As of September 10, 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 1520 Model at Presque Isle Estates starting at $600 with a $0.83 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 | 1520 | 2BR,1BA | $0.83 |
Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.62 |
Quick 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 $1,050 at Lighthouse Gardens Apartments.
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 $575 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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.