close
View Me
Cheap Apartments for Rent in Waters, MI from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Waters.
close
View Me
close
View Me
$694 - $1,2951 to 2 Bedroom Apartments Available Now
Parkview Apartments
1223 E Eighth StTraverse City, MI 49686
close
View Me
$775 - $1,0401 to 3 Bedroom Apartments Available Oct 1
PARK MEADOW APARTMENTS
1316 Park Meadow DrGaylord, MI 49735
close
View Me
$861 - $1,4291 to 3 Bedroom Apartments Contact Us For Availability
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
close
View Me
$8622 Bedroom Apartments Contact Us For Availability
Green Meadows Apartments
900 Northmeadow DrGaylord, MI 49735
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.
close
View Me
$917 - $1,3541 to 3 Bedroom Apartments Contact Us For Availability
Hillside Club Apartments
501 Valley Ridge DrPetoskey, MI 49770
close
View Me
close
View Me
close
View Me
close
View Me
314 E Pine St
CadillacMI49601
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.
close
View Me
Showing Results 1-13, Page 1 of 1
Waters, MI Local Guide
Ice after a storm by LadyDragonflyCC - >;< is licensed under CC BY 2.0
How much does it cost to rent an apartment in Waters?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waters Studio Apartments | $1,374 | $1,071 | $3,000 |
| Waters 1 Bedroom Apartments | $1,517 | $694 | $2,800 |
| Waters 2 Bedroom Apartments | $1,794 | $575 | $3,800 |
| Waters 3 Bedroom Apartments | $2,151 | $825 | $3,649 |
| Waters 4 Bedroom Apartments | $1,608 | $1,608 | $1,608 |
Browse Top Apartments in Waters
See all Apartments in WatersExplore Waters
Waters, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waters Apartments for Rent and Nearby
The cheapest available apartment rental in Waters, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. Presque Isle Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Waters apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ruth Park | Two Bedroom | 2BR,1BA | $454 |
| Presque Isle Estates | 1610 | 2BR,1BA | $575 |
| Thunder Bay Estates | C15 | 2BR,1BA | $575 |
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Harrison Estates Mobile Home Community | lot 28 | 2BR,2BA | $750 |
Best Value Apartments for Rent in Waters, MI and Nearby
As of August 29, 2025 the best value apartment in the Waters area is the $1.48 price per square foot Cedar Model at Pines45 Apartments in the starting from $1,750. The second greatest value Waters apartment is the Three Bedroom Model at Ruth Park starting at $1,800 with a $1.61 price per square foot in the Downtown Traverse City neighborhood. Here is today’s list of the best values for Waters apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
| Ruth Park | Three Bedroom | 3BR,2BA | $1.61 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Alger Apartments | 2 bed - 2 bath | 2BR,2BA | $1.51 |
| Harrison Estates Mobile Home Community | lot 28 | 2BR,2.5BA | $0.83 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.09 |
| Presque Isle Estates | 1520 | 2BR,1BA | $0.83 |
| Thunder Bay Estates | C22 | 2BR,1BA | $0.90 |
| Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
| Lighthouse Gardens Apartments | 1Br | 1BR,1BA | $1.62 |
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.
Let everyone know!
Do you know the Waters area?
If you’re an expert on all things Waters, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waters, MI Rentals by Map
See the most popular apartments and homes in Waters, MI
Frequently Asked Questions about Cheap Waters Apartments
How much is rent for a Cheap One Bedroom Waters Apartment?
The lowest price for a Cheap One Bedroom Waters Apartment is $694 at Parkview Apartments.
What is the lowest price for a Cheap Two Bedroom Waters Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waters is starting from $454 at Ruth Park.
What is the most affordable Waters Three Bedroom Apartment?
The best deal on a cheap Waters Three Bedroom Apartment rental is at Harrison Estates Mobile Home Community and starts from $825.
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.
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.
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.