
Cheap Apartments for Rent in Petoskey, MI from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Petoskey.


PARK MEADOW APARTMENTS

Bay Hill I

Green Meadows Apartments

SPRING HARBOR APARTMENTS

Harbour Ridge Apartments

Pines45 Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

210 E Tenth St

Lake Pointe Village

Pine Hills and Cedar Hills Apartments

3011 N Garfield Rd
Petoskey, MI Local Guide

How much does it cost to rent an apartment in Petoskey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petoskey Studio Apartments | $1,185 | $1,095 | $1,275 |
Petoskey 1 Bedroom Apartments | $1,499 | $775 | $2,426 |
Petoskey 2 Bedroom Apartments | $1,961 | $862 | $3,800 |
Petoskey 3 Bedroom Apartments | $2,176 | $1,033 | $3,600 |
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Petoskey, MI Local Guide
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Cheapest Available Petoskey Apartments for Rent and Nearby
 The cheapest available apartment rental in Petoskey, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $405. Annika Place in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $427. Here is today’s list of the most affordable Petoskey apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ruth Park | Two Bedroom | 2BR,1BA | $405 |
Annika Place | Two Bedroom | 2BR,1BA | $427 |
Garfield Oaks | 1 Bedroom | 1BR,1BA | $1,200 |
Chelsea Park West | Arcadia | 1BR,1BA | $1,593 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1BA | $1,600 |
Best Value Apartments for Rent in Petoskey, MI and Nearby
As of April 29, 2025 the best value apartment in the Petoskey area is the $0.93 price per square foot 3593 Old US Highway 27 S Model at 3593 Old US Highway 27 S, Unit #6 in the starting from $1,400. The second greatest value Petoskey apartment is the Terrace Estates Condos Model at Terrace Bluff Condominiums starting at $2,400 with a $1.88 price per square foot in the Downtown Traverse City neighborhood. Here is today’s list of the best values for Petoskey apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
3593 Old US Highway 27 S, Unit #6 | 3593 Old US Highway 27 S | 1BR,1BA | $0.93 |
Terrace Bluff Condominiums | Terrace Estates Condos | 3BR,2BA | $1.88 |
Pines45 Apartments | Cedar | 2BR,2BA | $1.48 |
Ridge45 Apartments | Longitude South | 2BR,2BA | $1.59 |
Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
Legends Morgan Farms | Leland | 1BR,1BA | $2.06 |
Annika Place | Two Bedroom | 2BR,1BA | $0.47 |
Oak Shore Commons | 2 Bedroom, 1 Bath End Unit | 2BR,1BA | $1.93 |
Ruth Park | Two Bedroom | 2BR,1BA | $0.47 |
Chelsea Park West | Arcadia Bay | 1BR,1BA | $2.18 |
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Best Local Schools in Petoskey, MI
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Getting Around Petoskey, MI
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal 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 Petoskey Apartments
How much is rent for a Cheap One Bedroom Petoskey Apartment?
The lowest price for a Cheap One Bedroom Petoskey Apartment is $1,200 at Garfield Oaks.
What is the lowest price for a Cheap Two Bedroom Petoskey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Petoskey is starting from $405 at Ruth Park.
What is the most affordable Petoskey Three Bedroom Apartment?
The best deal on a cheap Petoskey Three Bedroom Apartment rental is at Pines45 Apartments and starts from $1,990.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.