Cheap Apartments for Rent near Watersmeet, MI from $500 (31 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Copper Lantern
1 to 3 Bedroom Apartments

Copper Lantern

302 S Sophie StBessemer, MI 49911
  • Utilities Included
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945 Woodward Ave
2 Bedroom Apartments

945 Woodward Ave

945 Woodward AveKingsford, MI 49802
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102 E Gogebic St
1 Bedroom Apartments

102 E Gogebic St

102 E Gogebic StIronwood, MI 49938
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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612 E McLeod Ave
1 Bedroom Apartments

612 E McLeod Ave

612 E McLeod AveIronwood, MI 49938
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Woods Hollow
1 to 3 Bedroom Apartments

Woods Hollow

9230 Independence WayWoodruff, WI 54568
  • Utilities Included
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Edgewood Manor
2 Bedroom Apartments

Edgewood Manor

9425 County JMinocqua, WI 54548
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100 S Marquette St
1 to 2 Bedroom Apartments

100 S Marquette St

100 S Marquette StIronwood, MI 49938

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.

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307 Vivian St
2 Bedroom Apartments

307 Vivian St

307 Vivian StHoughton, MI 49931
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1110 College Ave
2 Bedroom Apartments

1110 College Ave

1110 College AveHoughton, MI 49931
Showing Results 1-31, Page 1 of 1

Watersmeet, MI Local Guide

Cheapest Available Watersmeet Apartments for Rent and Nearby

 

The cheapest available apartment rental in Watersmeet, MI is a 2 Beds unit found at One Penny Place Senior Apartments priced from $600. 945 Woodward Ave 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 Watersmeet apartments for rent:

Apartment ListingModel NameBed/BathPriced From
One Penny Place Senior ApartmentsTwo Bedrooms One Bathroom2BR, 1BA$600
945 Woodward AveBack Building2BR, 1BA$650
Price County Housing1 BR1BR, 1BA$734
T Bird Country ApartmentsStudioStudio, 1BA$905
Pinewood Estates2 Bedroom 1 Bath2BR, 1BA$995
Woods Hollow3x1.5TH3BR, 1BA$999
Morgan Oaks Townhomes98942BR, 1BA$1,180
DRISCOLL ROAD ESTATES2 Bedroom 2 Bath Upper2BR, 2BA$1,265

Best Value Apartments for Rent in Watersmeet, MI and Nearby

As of September 23, 2026 the best value apartment in the Watersmeet area is the $0.93 price per square foot Three Bedroom Model at Forest Edge starting from $1,354. The second greatest value Watersmeet apartment is the 3x1.5TH Model at Woods Hollow starting at $999 with a $0.74 price per square foot. Here is today’s list of the best values for Watersmeet apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest EdgeThree Bedroom3BR, 2BA$0.93
Woods Hollow3x1.5TH3BR, 1.5BA$0.74
DRISCOLL ROAD ESTATES2 Bedroom 2 Bath Split2BR, 2BA$1.20
Eagle Trails Estates2 Bedroom 2 Bathroom - Lower2BR, 2BA$1.40
Pinewood Estates2 Bedroom 1 Bath2BR, 1BA$0.99
One Penny Place Senior ApartmentsOne Bedroom One Bathroom1BR, 1BA$0.98
Morgan Oaks Townhomes98942BR, 1BA$1.48
300 Ashland St, Unit 3300 Ashland St2BR, 1BA$1.50
Price County Housing1 BR1BR, 1BA$1.41
320 W Boyington St, Unit #2320 W Boyington St1BR, 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.

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Watersmeet, MI Rentals by Map

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Frequently Asked Questions about Cheap Watersmeet Apartments

How much is rent for a Cheap One Bedroom Watersmeet Apartment?

The lowest price for a Cheap One Bedroom Watersmeet Apartment is $734 at Price County Housing.

What is the lowest price for a Cheap Two Bedroom Watersmeet Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Watersmeet is starting from $600 at One Penny Place Senior Apartments.

What is the most affordable Watersmeet Three Bedroom Apartment?

The best deal on a cheap Watersmeet Three Bedroom Apartment rental is at Woods Hollow and starts from $999.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.