Cheap Homes for Rent in Waters, MI from $600 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

Read Article

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.

Read Article
Showing Results 1-10, 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 $575. Presque Isle Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Waters apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Thunder Bay EstatesA232BR,1BA$575
Presque Isle Estates15202BR,1BA$600
Parkview ApartmentsOne bedroom1BR,1BA$694

Best Value Apartments for Rent in Waters, MI and Nearby

As of November 30, 2025 the best value apartment in the Waters 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 Waters apartment is the 2BD/1.5BA Model at Manitou Woods starting at $1,625 with a $0.94 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.
Edge 72Three Bedroom Townhome3BR,2.5BA$1.45
Manitou Woods2BD/1.5BA2BR,1.5BA$0.94
Bear Creek Meadows - Petoskey, MIPoppa Bear - Upper3BR,2BA$1.38
Pines45 ApartmentsCedar2BR,2BA$1.48
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Harrison Estates Mobile Home CommunityLOT 232BR,2BA$0.75
Presque Isle Estates16182BR,1BA$0.80
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1.43
Parkview ApartmentsOne bedroom1BR,1BA$1.06
Thunder Bay EstatesA242BR,1BA$1.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Map
Waters, MI Apartments Map
View Map
Waters, MI Rental Homes Map

Frequently Asked Questions about Waters

What type of rentals are currently available in Waters?

There are currently 56 Apartments for Rent in Waters, MI with pricing that ranges from $575 to $3,600. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $650 to $5,500.

What is the current price range for Rental Homes in Waters?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waters ranges from $650 to $5,500 with an average monthly rent of $2,114.

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.