
Cheap Apartments for Rent near 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
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.

Osborn Commons

Stargate Motel

Mackinaw Apartments

Lighthouse Village

Lighthouse Gardens Apartments
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.

Jamestown Apartments

Cheboygan Shores

Totem Lodges

Huron Apartments

Inland Lakes Motel
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,277 | $900 | $1,725 |
| Trout Lake 2 Bedroom Apartments | $1,476 | $575 | $1,864 |
| 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 Presque Isle Estates priced from $575. Mackinaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. 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 | 1412 | 2BR,1BA | $575 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $845 |
| Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1,146 |
| 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 August 04, 2026 the best value apartment in the Trout Lake area is the $1.25 price per square foot 2x1 Model at Osborn Commons in the starting from $1,350. The second greatest value Trout Lake apartment is the 2B Workforce Housing Unit* Model at The Block at Petoskey starting at $1,849 with a $1.93 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 | 2x1 | 2BR,1BA | $1.25 |
| The Block at Petoskey | 2B Workforce Housing Unit* | 2BR,1BA | $1.93 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.11 |
| The Annex | Unit 3 | 1BR,1BA | $1.66 |
| Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1.83 |
| Presque Isle Estates | 1520 | 2BR,1BA | $1.04 |
| Little Traverse Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.05 |
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 $1,146 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
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.

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.

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.