Ludington, MI Condos for Rent

/45
$1,200 - $1,500

Total Monthly Price
- Studio - 3 Beds
- 1 Bath
- 600 Sq Ft
- Condo for Rent
107 Water St, Ludington, MI 49431

Newly renovated two bedroom apartment on the water. This furnished apartment was remodeled to embrace the mid century modern feel that it once had. It is located at the Blue Bayou Marina and is available for a six month stay (Oct-Early May). This lease includes heat, internet, water, waste, and gas. Tenant pays electricity. No pets allowed at this unit. Non smoking.

107 Water St, Ludington, MI 49431
/45
$1,200 - $1,500

Total Monthly Price
- Studio - 3 Beds
- 1 Bath
- 600 Sq Ft
- Condo for Rent
107 Water St, Ludington, MI 49431

Newly renovated two bedroom apartment on the water. This furnished apartment was remodeled to embrace the mid century modern feel that it once had. It is located at the Blue Bayou Marina and is available for a six month stay (Oct-Early May). This lease includes heat, internet, water, waste, and gas. Tenant pays electricity. No pets allowed at this unit. Non smoking.

107 Water St, Ludington, MI 49431
/45
$1,200 - $1,500

Total Monthly Price
- Studio - 3 Beds
- 1 Bath
- 600 Sq Ft
- Condo for Rent
107 Water St, Ludington, MI 49431

Newly renovated two bedroom apartment on the water. This furnished apartment was remodeled to embrace the mid century modern feel that it once had. It is located at the Blue Bayou Marina and is available for a six month stay (Oct-Early May). This lease includes heat, internet, water, waste, and gas. Tenant pays electricity. No pets allowed at this unit. Non smoking.

107 Water St, Ludington, MI 49431

Michigan Mason County

Frequently Asked Questions

How much does it cost to rent a condo in Ludington, MI?

The median rent for a condo in Ludington, MI is $922 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.

How much do you need to make to afford rent in Ludington, MI?

To comfortably afford the median rent in Ludington, MI, a household needs to earn roughly $36,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $922 per month in Ludington, MI, renters typically need to show $2,766 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Ludington, MI?

In Ludington, MI, the price-to-rent ratio is 28.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

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