Cheap Apartments for Rent in Elk Rapids, MI

5 rentals

Apartments For Rent Near Elk Rapids, MI

We found 30 more apartments matching your filters just outside Elk Rapids

Average Rent Trends in Elk Rapids, MI

Rent in Elk Rapids, MI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Aug 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Sep 2025$1,995
Oct 2025$1,900
Nov 2025$1,800
Dec 2025$1,790
Jan 2026$2,100
Feb 2026$1,800
Mar 2026$2,500
Apr 2026$2,500
May 2026$2,500
Jun 2026$2,984
Jul 2026$2,500
Aug 2026$1,975
View as a graph

Average Rent By Bedroom and Home Type

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,100$1,950$2,500$1,975$1,975
Apartments and Condos$1,100—$1,675$1,975$1,675
Houses—$1,950$2,500$1,975$2,150
See more information about local market trends in Elk Rapids, MI

Frequently Asked Questions about Rentals in Elk Rapids, MI

  • What is the average rent of an apartment in Elk Rapids, MI?
    The average rent of an apartment in Elk Rapids, MI is $1,675 per month. This is about 15% lower than the national average.
  • When is the average rent cheapest in Elk Rapids, MI?
    In the last year, the average rent in Elk Rapids, MI was lowest in Dec 2025 when it was $1,790 per month.
  • When is the average rent most expensive in Elk Rapids, MI?
    In the last year, the average rent in Elk Rapids, MI was highest in Jan 2025 when it was $3,250 per month.
  • How many available rental listings are in Elk Rapids, MI?
    There are 8 available rental listings in Elk Rapids, MI.
  • What are some cities near Elk Rapids, MI?
    Some nearby cities include: Kewadin, Rapid City, Alden, Williamsburg, Bellaire. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Elk Rapids, MI - 172 Rentas | Trulia