Cheap Apartments for Rent in Waters, MI from $600 (17 Rentals)

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

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Mackinaw Apartments
1 to 2 Bedroom Apartments

Mackinaw Apartments

1327 Mackinaw AveCheboygan, MI 49721
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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
Showing Results 1-17, Page 1 of 1

Waters, MI Local Guide

Cheapest Available Waters Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waters, MI is a 2 Beds unit found at Stargate Motel priced from $800. Ruth Park in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,073. Here is today’s list of the most affordable Waters apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stargate MotelDbl Queen.2BR,1BA$800
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

Best Value Apartments for Rent in Waters, MI and Nearby

As of February 26, 2025 the best value apartment in the Waters 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 Waters apartment is the Single Family Home Model at Woodbury Estates - SINGLE FAMILY HOMES starting at $2,399 with a $1.98 price per square foot . Here is today’s list of the best values for Waters apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrace Bluff CondominiumsTerrace Estates Condos3BR,2BA$1.88
Woodbury Estates - SINGLE FAMILY HOMESSingle Family Home3BR,2BA$1.98
Ridge45 ApartmentsSolstice South IV2BR,2BA$1.64
Lake Pointe VillageDriftwood2BR,2BA$1.56
Ruth ParkTwo Bedroom2BR,1BA$1.24
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1.80
Pine Hills and Cedar Hills Apartments2 Bedroom 2 Bath2BR,2BA$1.50
Pines45 ApartmentsAlpine1BR,1BA$1.66
Alger Apartments1 Bedroom -1 Bath1BR,1BA$1.74
Sugar Plum Apartments1bdm1BR,1BA$1.83

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Frequently Asked Questions about Cheap Waters Apartments

How much is rent for a Cheap One Bedroom Waters Apartment?

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Waters is starting from $800 at Stargate Motel.

What is the most affordable Waters Three Bedroom Apartment?

The best deal on a cheap Waters Three Bedroom Apartment rental is at Stargate Motel and starts from $950.

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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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.