Save This Search

Apartments for Rent in Michigan under $500

203 Rentals Available
Apartments for Rent in Michigan under $500. 203 Rentals Available
  • a small kitchen with a stove and a sink
    Today

    3622 HESS AVE, SAGINAW, MI 48601
    1 BED $355+
    2 BEDS $390+
    3 BEDS $448+
  • an overhead view of a living room with couches and a table
    Today

    1700 East Grand River, East Lansing, MI 48823
    2 BEDS $435+
  • a living room with a couch and a table
    Today

    3201 Michigamme Woods Drive, Kalamazoo, MI 49006
    3 BEDS $470+
    4 BEDS $480+
    5 BEDS $400+
  • a living room and kitchen with a couch and a table
    Today

    232 S. Clippert St., Lansing, MI 48912
    3 BEDS $480+
  • a living room with a couch and a lamp and an air conditioner
    Today

    1324 Lafayette Ave., Kalamazoo, MI 49006
    6 BEDS $375+
  • Renting has its Rewards
    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
    Earn points for:
    Internet and Entertainment
    Utilities
    Insurance
    Learn more
  • a living room with a couch and a television
    Today

    1732 Cambria Dr., East Lansing, MI 48823
    1 BED $432+
    2 BEDS $480+
  • a group of people sitting in a living room watching tv
    Today

    136 Reniger Court, East Lansing, MI 48823
    2 BEDS $496+
  • a living room with a couch and a coffee table
    Today

    233/235 Delta Street, East Lansing, MI 48823
    2 BEDS $485+
  • a living room with two couches and a door to a closet
    Today

    1547 North Hagadorn Road, East Lansing, MI 48823
    2 BEDS $472+
  • a living room with a couch and a chair and a rug
    Today

    6120-6263 Gossard Ave., East Lansing, MI 48823
    1 BED $415+
  • a kitchen with dark wood cabinets and black appliances
    Today

    1850 Abbot Road, East Lansing, MI 48823
    2 BEDS $324+
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • the living room of an apartment with a couch and a coffee table
    Today

    1130 Beech Street, East Lansing, MI 48823
    2 BEDS $499+
  • a living room and dining room with a couch and a table
    Today

    3814 Pine Terrace Blvd, Kalamazoo, MI 49006
    3 BEDS $370
  • a kitchen with white appliances and white cabinets and wood floors
    Today

    3330 Grand Ridge Drive NE, Grand Rapids, MI 49525
    STUDIO $300+
  • a living room with couches and a coffee table
    Today

    414 Michigan Avenue, East Lansing, MI 48823
    2 BEDS $390+
  • a living room with a couch and a table
    Today

    295 Arbor Glen Drive, East Lansing, MI 48823
    2 BEDS $429+
  • a living room with a pool table and a couch
    Today

    430 Glenmoor Road, East Lansing, MI 48823
    1 BED $465+
    2 BEDS $488+
  • a kitchen with a stove and a sink
    Today

    1250 & 1260 Oakridge Ave., East Lansing, MI 48823
    2 BEDS $490+
  • a living room and kitchen with a couch and a table
    Today

    1242 Haslett Road, East Lansing, MI 48823
    2 BEDS $312+
  • three women sitting on a couch in a living room
    Today

    4632 S. Hagadorn Rd., East Lansing, MI 48823
    2 BEDS $387+
  • a kitchen with white cabinets and a counter top
    Today

    4965 Campus Hill Drive, Okemos, MI 48864
    2 BEDS $391+
  • a living room with a couch and a coffee table and a window
    Today

    21-31 Hazelwood St, Detroit, MI 48202
    2 BEDS $199+
  • a living room with couches and a kitchen
    Today

    340 E. State Street, Traverse City, MI 49684
    STUDIO $1
  • a building on the corner of a street
    Today

    501 West Grand River, Fowlerville, MI 48836
    1 BED $350
  • a sign for woodland with pine trees
    Today

    1600 South 30Th Street, Escanaba, MI 49829
    STUDIO $197
40-0-state
Nice work, you've checked out every rental here! Expand your search to find your happy place.

Save Search

Getting around in Michigan, MI

6 /100
Car-Dependent
3 /100
Somewhat Bikeable
Walk Score®: 6, Bike Score®: 3

Frequently asked questions

When were prices and availability in Michigan last updated?

Prices and availability in Michigan were last updated on 20 Feb 2026.

What are the best apartments in Michigan?

The best apartments in Michigan are: Village Green Apartments, Sterling Lake - Sterling Heights, MI, Fieldstone Apartments, Admiral Farragut Apartments and Hidden Tree Apartments and Townhomes.

What type of rental buildings are in Michigan?

In Michigan, 27% of the residents are renting compared to 73% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Michigan's rentals, 54% are small-scale complexes with under 50 units, and 30% are single-family rentals.

Apartments in Michigan under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 203 apartments for rent in Michigan on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Michigan is 937 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!