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2 Bedroom Apartments for Rent in Algoma, MI - 41 Rentals available

  • Apartment in Algoma
    8669 Thrifty Drive, Rockford, MI 49341
    $975 - $1,500
    • 1-3 Beds
    • 1-2 Baths
    Gulker Group LLC
    Available Today!
    (855) 736-8223

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Algoma, MI Demographics

  • Total Population9,517
  • Female 4,645
    Male 4,872
  • Median Age37

Average Rent for 2 Bedroom apartments in Algoma, MI

  • The average rent for a 2 Bedroom apartment in Algoma, MI, November 2018$770/mo
  • Studio$515
  • 1 Bedroom$637
  • 2 Bedrooms$832

Algoma, MI 2 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Nov / 2018 $770 $832
Jan / 2018 $770 $832
Sept / 2017 $756 $813
May / 2017 $762 $829
Jan / 2017 $756 $816
Sept / 2016 $783 $855
May / 2016 $740 $813
Jan / 2016 $754 $824
Sept / 2015 $762 $826
May / 2015 $699 $761

Algoma, MI Households

  • Total Number of Households3,358
  • Family 2,571
    Non-family 786
  • Children 1,360
    No Children 1,998
  • Average People Per Household2.6
  • Median Household Income$59,353
  • Median Housing Costs Per Month$941

Algoma, MI Education Statistics

  • No High School2%
  • Some High School34%
  • Some College24%
  • Associate Degree10%
  • Bachelor Degree20%
  • Graduate Degree9%

Renting a 2-bedroom apartment in Algoma, MI

Location is key when you’re renting and Algoma, MI might be a great place for you to start looking. Renters seem to love Algoma, MI and there are still plenty of 2-bedroom apartments left in case you want to give it a shot. Compared to other neighborhoods like Northview, where the monthly prices for 2-bedroom apartment rentals go up to $955, that sounds like quite a deal, doesn’t it? So, if you’re on a tight budget and you’re trying to put some money aside, take this into consideration: in Algoma, MI the monthly rent for a 2-bedroom unit can go as low as $975.

Real estate mathematics to help you snatch a cheap unit

Renting a 2-bedroom apartment can be a tricky business and figuring out the perfect formula might take some time. Sure, location and amenities play an important part, but compromise does not necessarily have to be a bad thing. There are many factors that determine rental prices and it’s helpful to know some of them. The monthly rent for furnished 2-bedroom apartments located in newer, well-maintained buildings that provide a broader range of amenities tends to go higher, up to $1,500. Other factors that determine rental prices are proximity to public transportation, entertainment, shopping and dining. What is it that you can give up on? Be patient, tweak the formula and you’ll eventually get to a satisfactory result and you will find the right cheap 2-bedroom apartment. The apartment of your dreams might turn out not to be the right apartment for you after all, and that’s fine, so don’t be afraid to deviate from the initial plan. Because no one wants to do mathematics in their spare time, the RENTCafé filters offer you all the necessary tools to try dozens of combinations until you reach the perfect result. Mix and match by using the location, price and amenities filters and you’re sure to find a 2-bedroom apartment to call home.