
Cheap Homes for Rent in Walloon Lake, MI from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Walloon Lake.


2276 S M-37, Unit B

282 W South Airport Rd

3797 E Hammond Rd

5741 Hilltop Way

4019 Williamsburg Rd

3829 Silver Lake Rd

7079 Hawley Rd
Walloon Lake, MI Local Guide

How much does it cost to rent a home in Walloon Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walloon Lake 2 Bedroom Homes for Rent | $2,365 | $1,400 | $5,000 |
| Walloon Lake 3 Bedroom Homes for Rent | $2,657 | $1,850 | $4,500 |
| Walloon Lake 4 Bedroom Homes for Rent | $2,800 | $1,700 | $4,000 |
| Walloon Lake 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
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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 Studio unit found at Victories Square priced from $429. Parkview Apartments in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here is today’s list of the most affordable Walloon Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Victories Square | Studio | Studio,1BA | $429 |
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Inland Lakes Motel | Single Queen | 1BR,1BA | $800 |
Best Value Apartments for Rent in Walloon Lake, MI and Nearby
As of November 09, 2025 the best value apartment in the Walloon Lake area is the $1.45 price per square foot Three Bedroom Townhome Model at Edge 72 in the starting from $2,716. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Edge 72 | Three Bedroom Townhome | 3BR,2.5BA | $1.45 |
| Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
| Ridge45 Apartments | Longitude South IV | 2BR,2BA | $1.72 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Lake Pointe Village | Driftwood | 2BR,2BA | $1.61 |
| Alger Apartments | 2 bed - 2 bath | 2BR,2BA | $1.52 |
| The Flats at Carriage Commons | Two Bedroom | 2BR,2BA | $1.73 |
| Victories Square | One Bedroom LARGE | 1BR,1BA | $1.31 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.10 |
| Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
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Frequently Asked Questions about Walloon Lake
What type of rentals are currently available in Walloon Lake?
There are currently 51 Apartments for Rent in Walloon Lake, MI with pricing that ranges from $429 to $3,600. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walloon Lake ranging from $1,100 to $5,000.
What is the current price range for Rental Homes in Walloon Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Walloon Lake ranges from $1,100 to $5,000 with an average monthly rent of $2,177.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.