
Cheap Homes for Rent in Petoskey, MI from $1,300 (6 Rentals)
Cheap Homes in Petoskey.


511 E 3rd St

919 S Union St
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.

10964 N Mackinaw Hwy

441 Munson Pl

4471 Manhattan W
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.
Petoskey, MI Local Guide

How much does it cost to rent a home in Petoskey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petoskey 2 Bedroom Homes for Rent | $2,251 | $1,400 | $3,300 |
Petoskey 3 Bedroom Homes for Rent | $2,646 | $1,600 | $4,000 |
Petoskey 4 Bedroom Homes for Rent | $3,975 | $2,900 | $5,800 |
Browse Top Homes for Rent in Petoskey
Explore Petoskey
Petoskey, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 |
Best Value Apartments for Rent in Petoskey, MI and Nearby
As of May 02, 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 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 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 |
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 | $2.10 |
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 | $2.07 |
Annika Place | One Bedroom | 1BR,1BA | $1.39 |
Garfield Oaks | 1 Bedroom | 1BR,1BA | $2.40 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Frequently Asked Questions about Petoskey
What type of rentals are currently available in Petoskey?
There are currently 56 Apartments for Rent in Petoskey, 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 Petoskey ranging from $1,300 to $5,800.
What is the current price range for Rental Homes in Petoskey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Petoskey ranges from $1,300 to $5,800 with an average monthly rent of $2,613.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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.