Cheap Homes for Rent in Central Lake, MI from $1,000 (6 Rentals)

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Central Lake, MI Local Guide

Cheapest Available Central Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Central Lake, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $405. Sugar Plum Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Central Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$405
Sugar Plum Apartments1bdm1BR,1BA$1,200
Alger Apartments2 Bedroom - 1 Bath2BR,1BA$1,260

Best Value Apartments for Rent in Central Lake, MI and Nearby

As of April 13, 2025 the best value apartment in the Central Lake area is the $1.88 price per square foot Terrace Estates Condos Model at Terrace Bluff Condominiums in the in the Downtown Traverse City neighborhood starting from $2,400. The second greatest value Central Lake 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 Central Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrace Bluff CondominiumsTerrace Estates Condos3BR,2BA$1.88
Pines45 ApartmentsCedar2BR,2BA$1.48
Ridge45 ApartmentsSolstice South2BR,2BA$1.64
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Alger Apartments2 Bedroom - 2 Bath2BR,2BA$1.44
Annika PlaceTwo Bedroom2BR,1BA$1.42
Edge 72Traveler1BR,1BA$1.87
Bear Creek Meadows - Petoskey, MIBaby Bear - Upper1BR,1BA$1.55
Ruth ParkTwo Bedroom2BR,1BA$0.47
Sugar Plum Apartments1bdm1BR,1BA$1.83

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Frequently Asked Questions about Central Lake

What type of rentals are currently available in Central Lake?

There are currently 43 Apartments for Rent in Central Lake, MI with pricing that ranges from $775 to $3,800. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Lake ranging from $1,025 to $5,800.

What is the current price range for Rental Homes in Central Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Lake ranges from $1,025 to $5,800 with an average monthly rent of $2,570.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.