
Cheap Apartments for Rent in Walloon Lake, MI from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Walloon Lake.


PARK MEADOW APARTMENTS

Inland Lakes Motel

Stargate Motel

Bay Hill I
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.

Green Meadows Apartments

Hillside Club Apartments

Lighthouse Gardens Apartments

Pines45 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.

SPRING HARBOR APARTMENTS

614 W Mitchell St, Unit UnitA
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Walloon Lake, MI Local Guide

How much does it cost to rent an apartment in Walloon Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Walloon Lake Studio Apartments | $1,223 | $1,095 | $1,340 |
Walloon Lake 1 Bedroom Apartments | $1,537 | $694 | $2,474 |
Walloon Lake 2 Bedroom Apartments | $1,803 | $818 | $3,302 |
Walloon Lake 3 Bedroom Apartments | $2,241 | $975 | $3,600 |
Walloon Lake 4 Bedroom Apartments | $1,608 | $1,608 | $1,608 |
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Walloon Lake, MI Local Guide
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Cheapest Available Walloon Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Walloon Lake, MI is a 1 Bed unit found at Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Mackinaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $840. Here is today’s list of the most affordable Walloon Lake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parkview Apartments | One bedroom | 1BR,1BA | $694 |
Mackinaw Apartments | Two Bedroom | 2BR,1BA | $840 |
Lighthouse Gardens Apartments | 2Br | 2BR,1BA | $1,028 |
SPRING HARBOR APARTMENTS | One Bedroom | 1BR,1BA | $1,095 |
Garfield Oaks | One Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Walloon Lake, MI and Nearby
As of September 18, 2025 the best value apartment in the Walloon Lake area is the $1.72 price per square foot Longitude South Model at Ridge45 Apartments in the starting from $1,905. The second greatest value Walloon Lake apartment is the Two Bedroom Model at Brookside Commons starting at $1,227 with a $1.20 price per square foot . Here is today’s list of the best values for Walloon Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ridge45 Apartments | Longitude South | 2BR,2BA | $1.72 |
Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.46 |
Alger Apartments | 2 bed - 2 bath | 2BR,2BA | $1.52 |
Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
The Flats at Carriage Commons | Two Bedroom | 2BR,2BA | $1.73 |
Pines45 Apartments | Alpine | 1BR,1BA | $1.73 |
Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.10 |
Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.62 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Walloon Lake, MI
Walk Score®
22 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
29 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Walloon Lake Apartments
How much is rent for a Cheap One Bedroom Walloon Lake Apartment?
The lowest price for a Cheap One Bedroom Walloon Lake Apartment is $694 at Parkview Apartments.
What is the lowest price for a Cheap Two Bedroom Walloon Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Walloon Lake is starting from $818 at Parkview Apartments.
What is the most affordable Walloon Lake Three Bedroom Apartment?
The best deal on a cheap Walloon Lake Three Bedroom Apartment rental is at Lighthouse Gardens Apartments and starts from $1,357.
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.