Cheap Apartments for Rent near Union Lake, MI from $700 (46 Rentals)

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

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.

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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.

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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.

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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

2475 S Commerce RdWolverine Lake, MI 48390
Senior Living
  • Utilities Included
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Lakeland Place
1 to 2 Bedroom Apartments

Lakeland Place

2700 Elizabeth Lake RdWaterford, MI 48328
Senior Living
  • Utilities Included

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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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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Showing Results 1-46, Page 1 of 1

Union Lake, MI Local Guide

Cheapest Available Union Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Union Lake, MI is a 1 Bed unit found at Colony Hill Apartments in the Waterford neighborhood priced from $850. Adams Lake Apartments in the Waterford neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Union Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Colony Hill ApartmentsOne Bedroom1BR,1BA$850
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$850
Cass Lake Shore Club1 Bedroom 1 Bathroom1BR,1BA$935
34 North of WaterfordThe Lotus1BR,1BA$974
Ashton PinesFrasier2BR,1BA$979
1630 N Pontiac Trl1 BD / 1 BA1BR,1BA$1,000
Greyberry Park Apartments1 Bedroom 1 Bath1BR,1BA$1,025
Round Hill ApartmentsThe Barrington2BR,1BA$1,039
Rivers Edge ApartmentsMarigold2BR,1BA$1,071
Glengarry Park - Waterford Twp, MIThe Cresent1BR,1BA$1,099

Best Value Apartments for Rent in Union Lake, MI and Nearby

As of August 08, 2026 the best value apartment in the Union Lake area is the $1.32 price per square foot The Pine Model at 83 West in the in the Farmington Road neighborhood starting from $2,221. The second greatest value Union Lake apartment is the 2 Bedroom 1.5 Bathroom Large Model at Cass Lake Shore Club starting at $1,620 with a $1.35 price per square foot in the Waterford neighborhood. Here is today’s list of the best values for Union Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
83 WestThe Pine3BR,2.5BA$1.32
Cass Lake Shore Club2 Bedroom 1.5 Bathroom Large2BR,1.5BA$1.35
Elizabeth Lake Estates2B15B52BR,1.5BA$1.29
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.95
Laketree2 Bed 1 Bath2BR,1BA$1.16
Crescent ManorDeluxe 2 Bedroom2BR,1BA$1.25
Greyberry Park Apartments2 Bedroom 2 Bath2BR,2BA$1.42
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$0.92
Ashton PinesDouglas2BR,1BA$1.17
Round Hill ApartmentsThe Arlington Deluxe1BR,1BA$1.39

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 Union Lake, MI Rentals by Map

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Frequently Asked Questions about Cheap Union Lake Apartments

What is the Cheapest Studio apartment in Union Lake?

Currently the most affordable Cheap Studio Apartment in Union Lake is at Springs at Five and Main listed at $1,548.

How much is rent for a Cheap One Bedroom Union Lake Apartment?

The lowest price for a Cheap One Bedroom Union Lake Apartment is $850 at Colony Hill Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Union Lake is starting from $850 at Adams Lake Apartments.

What is the most affordable Union Lake Three Bedroom Apartment?

The best deal on a cheap Union Lake Three Bedroom Apartment rental is at 83 West and starts from $2,094.

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

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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.

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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.

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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.

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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.