Cheap Apartments for Rent in Waters, MI from $600 (23 Rentals)

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

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
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
Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-23, Page 1 of 1

Waters, MI Local Guide

Cheapest Available Waters Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waters, MI is a 2 Beds unit found at Thunder Bay Estates priced from $625. The Flats at Carriage Commons has the second lowest priced unit, which is a Studio apartment currently listed from $1,083. Here is today’s list of the most affordable Waters apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Thunder Bay EstatesD62BR,1BA$625
The Flats at Carriage CommonsStudioStudio,1BA$1,083
Garfield Oaks1 Bedroom1BR,1BA$1,200
Alger Apartments2 Bedroom - 2 Bath2BR,2BA$1,405
Brookside CommonsThree Bedroom3BR,2BA$1,485

Best Value Apartments for Rent in Waters, MI and Nearby

As of May 28, 2025 the best value apartment in the Waters area is the $1.18 price per square foot Three Bedroom Model at Brookside Commons in the starting from $1,485. The second greatest value Waters 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 Waters apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brookside CommonsThree Bedroom3BR,2BA$1.18
Pines45 ApartmentsCedar2BR,2BA$1.48
Bear Creek Meadows - Petoskey, MIPoppa Bear - Lower3BR,2BA$1.46
Ridge45 ApartmentsSolstice (Barrier-Free)2BR,2BA$1.68
Legends Morgan FarmsNorthport2BR,2BA$2.06
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Alger Apartments2 Bedroom - 2 Bath2BR,2BA$1.46
Chelsea Park WestArcadia1BR,1BA$2.14
Thunder Bay EstatesD62BR,1BA$1.04
Garfield Oaks1 Bedroom1BR,1BA$2.40

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 Waters, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Waters, MI

View MapWaters, MI Apartments MapView MapWaters, MI Rental Homes Map

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 $1,200 at Garfield Oaks.

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 $625 at Thunder Bay Estates.

What is the most affordable Waters Three Bedroom Apartment?

The best deal on a cheap Waters Three Bedroom Apartment rental is at Brookside Commons and starts from $1,485.

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 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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.