Cheap Apartments for Rent in Walloon Lake, MI from $400 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2276 S M-37

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685
close
View Me
Ruth Park
2 to 3 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
close
View Me
Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
close
View Me
Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
  • Utilities Included
close
View Me
Stargate Motel
2 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
  • Utilities Included
close
View Me
Huron Apartments
2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
Military
close
View Me
Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
  • Utilities Included
close
View Me
Cheboygan Shores
1 Bedroom Apartments

Cheboygan Shores

328 Duncan AveCheboygan, MI 49721
Senior Living
  • Utilities Included
close
View Me
Garfield Oaks
1 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
  • Utilities Included

Walloon Lake, MI Local Guide

Cheapest Available Walloon Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Walloon Lake, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. 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 Walloon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$454
Lighthouse Gardens Apartments2Br2BR,1BA$1,028
The Flats at Carriage CommonsOne Bedroom1BR,1BA$1,081
Brookside CommonsTwo Bedroom2BR,1BA$1,227
Annika PlaceOne Bedroom1BR,1BA$1,421

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

As of August 04, 2025 the best value apartment in the Walloon Lake area is the $1.98 price per square foot Single Family Home Model at Woodbury Estates - SINGLE FAMILY HOMES in the starting from $2,399. The second greatest value Walloon Lake apartment is the Cedar Model at Pines45 Apartments starting at $1,750 with a $1.48 price per square foot . Here is today’s list of the best values for Walloon Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woodbury Estates - SINGLE FAMILY HOMESSingle Family Home3BR,2BA$1.98
Pines45 ApartmentsCedar2BR,2BA$1.48
Ruth ParkThree Bedroom3BR,2BA$1.61
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Legends Morgan FarmsHarbor1BR,1BA$2.08
Chelsea Park WestArcadia Bay1BR,1BA$2.22
Annika PlaceOne Bedroom1BR,1BA$2.08
Lighthouse Gardens Apartments1Br1BR,1BA$1.62
The Flats at Carriage CommonsStudioStudio ,1BA$2.19

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Walloon Lake, MI Rentals by Map

View Map
Walloon Lake, MI Apartments Map
View Map
Walloon Lake, MI Rental Homes Map

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

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 $1,050 at Lighthouse Gardens 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 $454 at Ruth Park.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.