Filters Save search

Homes & Apartments for Rent in Elk Rapids, MI

Showing 1 rental in Elk Rapids, then 19 more within 25 miles, nearest first.
1-20 of 20 rentals

More rentals near Elk Rapids

Viewing 1-20 of 20 rentals in and near Elk Rapids
What to Know About

Life in Elk Rapids & Beyond

Elk Rapids shares many of the great qualities that make Michigan a desirable place to live.

Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Elk Rapids, MI

As of October 2026, Elk Rapids's rental market is stable, with rentals spending about 30 days on the market, about the same as in Michigan (30), and rents about flat over the past year. Elk Rapids's average rent is 24.7% ($383) higher than the Michigan average of $1,548 and 7.3% ($151) lower than the U.S. average of $2,082.

Average Rent
$1,931
Monthly ChangeMonth Over Month Change
Decreased0.22% ($4)
Yearly ChangeYear Over Year Change
Increased0.3% ($6)
Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,422 Decreased0.21% ($3) Increased0.4% ($5)
2 Beds $1,910 Decreased0.59% ($11) Decreased0.3% ($6)
3 Beds $2,448 Decreased0.25% ($6) Increased1.3% ($32)
Nearby Cities Average Rent Avg. Rent vs. Elk RapidsAverage Rent vs. Elk Rapids Days on Market
Rapid City $1,557 Decreased19.4% ($374) 30 days
Bellaire $1,597 Decreased17.3% ($334) 33 days
Suttons Bay $2,006 Increased3.9% ($75) 30 days
Traverse City $2,115 Increased9.5% ($184) 31 days
Lake Leelanau $2,598 Increased34.5% ($667) 30 days
Based on rentals advertised on RentalSource in and around Elk Rapids.
Frequently Asked Questions
Elk Rapids Rental Market FAQs

Explore rental prices, market conditions, and affordability in Elk Rapids, MI.

The average rent in Elk Rapids, MI is about $1,931 per month.
In Elk Rapids, the average rent is about $1,422 per month for a 1-bedroom home, about $1,910 for a 2-bedroom home and about $2,448 for a 3-bedroom home.
The average rent in Elk Rapids is 7.3% ($151) lower than the national average of $2,082 per month.
The rental market in Elk Rapids, MI is currently stable, with rentals spending about 30 days on the market, about the same as in Michigan (30), and rents about flat over the past year.
Based on the current averages, a household would need an annual income of about $76,400 to comfortably afford a 2-bedroom home in Elk Rapids.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.