Cheap Apartments for Rent in Petoskey, MI from $400 (21 Rentals)

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Glen Haven
2 Bedroom Apartments

Glen Haven

905 Glen Haven CirPetoskey, MI 49770

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.

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Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
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Huron Apartments
1 to 2 Bedroom Apartments

Huron Apartments

210 W EtheringtonMackinaw City, MI 49701
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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
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Stargate Motel
2 Bedroom Apartments

Stargate Motel

4646 S Straits HwyIndian River, MI 49749
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Lighthouse Village
2 to 3 Bedroom Apartments

Lighthouse Village

400 Duncan AveCheboygan, MI 49721
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Ruth Park
2 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686

Petoskey, MI Local Guide

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 ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$405
Annika PlaceTwo Bedroom2BR,1BA$427
Garfield Oaks1 Bedroom1BR,1BA$1,200
Chelsea Park WestArcadia1BR,1BA$1,593
Holiday Village Townhomes2 BED/1.5 BATH2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
3593 Old US Highway 27 S, Unit #63593 Old US Highway 27 S1BR,1BA$0.93
Terrace Bluff CondominiumsTerrace Estates Condos3BR,2BA$1.88
Pines45 ApartmentsCedar2BR,2BA$1.48
Ridge45 ApartmentsLongitude South2BR,2BA$1.59
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Legends Morgan FarmsLeland1BR,1BA$2.06
Annika PlaceTwo Bedroom2BR,1BA$0.47
Oak Shore Commons2 Bedroom, 1 Bath End Unit2BR,1BA$1.93
Ruth ParkTwo Bedroom2BR,1BA$0.47
Chelsea Park WestArcadia Bay1BR,1BA$2.18

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

Explore Petoskey, MI Rentals by Map

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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

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.

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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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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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

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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.