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Apartments for Rent in Michigan under $500

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When were prices and availability in Michigan last updated?

Prices and availability in Michigan were last updated on 1 Oct 2026.

What are the best apartments in Michigan?
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, 55% are small-scale complexes with under 50 units, and 29% are single-family rentals.

Search for apartments in Michigan under $500

There’s more than one way to spend $500 on rent in Michigan, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $500 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Michigan. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 23 apartments for rent below $500 in Michigan for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.