Cheap Apartments for Rent in Elk Rapids, MI from $700 (19 Rentals)

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

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Stargate Motel
2 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
  • Utilities Included
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Ruth Park
2 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
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122 Hancock St
3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Totem Lodges
1 to 2 Bedroom Apartments

Totem Lodges

4846 S Straits HwyIndian River, MI 49749
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Showing Results 1-19, Page 1 of 1

Elk Rapids, MI Local Guide

Cheapest Available Elk Rapids Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elk Rapids, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $1,073. Cadillac Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,077. Here is today’s list of the most affordable Elk Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$1,073
Cadillac Lofts1-Bedroom1BR,1BA$1,077
Sugar Plum Apartments1bdm1BR,1BA$1,200
Pine Hills and Cedar Hills Apartments2 Bedroom 2 Bath2BR,2BA$1,200
Alger Apartments2 Bedroom - 1 Bath2BR,1BA$1,260

Best Value Apartments for Rent in Elk Rapids, MI and Nearby

As of March 23, 2025 the best value apartment in the Elk Rapids 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 Elk Rapids apartment is the Cedar Model at Pines45 Apartments starting at $1,715 with a $1.45 price per square foot . Here is today’s list of the best values for Elk Rapids apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brookside CommonsThree Bedroom3BR,1BA$1.18
Pines45 ApartmentsCedar2BR,2BA$1.45
Ridge45 ApartmentsSolstice South2BR,2BA$1.64
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Lake Pointe VillageDriftwood2BR,2BA$1.56
Alger Apartments2 Bedroom - 2 Bath2BR,2BA$1.44
Ruth ParkTwo Bedroom2BR,1BA$1.24
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1.80
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1.71
Sugar Plum Apartments1bdm1BR,1BA$1.83

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Best Local Schools in
Elk Rapids, MI

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Getting Around Elk Rapids, MI

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elk Rapids Apartments

How much is rent for a Cheap One Bedroom Elk Rapids Apartment?

The lowest price for a Cheap One Bedroom Elk Rapids Apartment is $1,077 at Cadillac Lofts.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elk Rapids is starting from $1,073 at Ruth Park.

What is the most affordable Elk Rapids Three Bedroom Apartment?

The best deal on a cheap Elk Rapids 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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.