314 E Pine St
CadillacMI49601
Cheap Homes for Rent in Waters, MI from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Waters.
411 S Simon St
CadillacMI49601
1568 Monument Rd
Tawas CityMI48763
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2285 E Carriage Hill Dr
Traverse CityMI49686
853 E Front St
Traverse CityMI49686
2276 S M-37, Unit B, Unit B
2276 S M-37
Traverse CityMI49685
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.
124 Beech St
Traverse CityMI49684
Showing Results 1-7, 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 a home in Waters?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waters 2 Bedroom Homes for Rent | $2,465 | $900 | $7,500 |
| Waters 3 Bedroom Homes for Rent | $3,671 | $1,550 | $9,500 |
| Waters 4 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Waters
Explore 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 Presque Isle Estates priced from $575. Thunder Bay Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Waters apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Presque Isle Estates | 1412 | 2BR,1BA | $575 |
| Thunder Bay Estates | B8 | 2BR,1BA | $650 |
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
Best Value Apartments for Rent in Waters, MI and Nearby
As of April 24, 2026 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 Longitude South Model at Ridge45 Apartments starting at $1,815 with a $1.64 price per square foot . 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 |
| Ridge45 Apartments | Longitude South | 2BR,2BA | $1.64 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.36 |
| Bear Creek Meadows - Petoskey, MI | Momma Bear - Lower | 2BR,2BA | $1.68 |
| Harrison Estates Mobile Home Community | LOT 23 | 2BR,2BA | $0.75 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.62 |
| Thunder Bay Estates | B8 | 2BR,1BA | $0.89 |
| Presque Isle Estates | 1520 | 2BR,1BA | $0.94 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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 Waters
What type of rentals are currently available in Waters?
There are currently 59 Apartments for Rent in Waters, MI with pricing that ranges from $575 to $3,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $900 to $9,500.
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 $900 to $9,500 with an average monthly rent of $3,118.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.