Cheap Apartments for Rent in Lake Leelanau, MI from $400 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Leelanau.

property at 853 E Front St

$950 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,350
Total Monthly Price
$950 - $1,350

1 To 2 Bedroom Homes for Rent

Available Oct 27

853 E Front St

Traverse CityMI49686

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Victories Square
Studio to 2 Bedroom Apartments

Victories Square

1899 Migizi WayPetoskey, MI 49770
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
  • Utilities Included
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Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
  • Utilities Included
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Manitou Woods
1 to 3 Bedroom Apartments

Manitou Woods

1021 Manitou DrTraverse City, MI 49686
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-36, Page 1 of 1

Lake Leelanau, MI Local Guide

Cheapest Available Lake Leelanau Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Leelanau, MI is a 1 Bed unit found at Riverview Terrace in the Downtown Traverse City neighborhood priced from $744. Oak Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $796. Here is today’s list of the most affordable Lake Leelanau apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview Terrace1 Bedroom R1BR,1BA$744
Oak Terrace1 BEDROOM1BR,1BA$796
Brookside CommonsTwo Bedroom2BR,1BA$1,227
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1,300
Little Traverse Village1 Bedroom 1 Bathroom1BR,1BA$1,350
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,374
Alger Apartments2 bed - 2 bath2BR,2BA$1,460
Ruth ParkTwo Bedroom2BR,1BA$1,475
Townline FlatsTownline 1 Bedroom Apartments1BR,1BA$1,540
Buena Vista EstatesThree Bed Two Bath3BR,2BA$1,550

Best Value Apartments for Rent in Lake Leelanau, MI and Nearby

As of May 08, 2026 the best value apartment in the Lake Leelanau area is the $1.65 price per square foot Ottawa Model at Liv East Bay in the starting from $3,445. The second greatest value Lake Leelanau apartment is the Longitude South Model at Ridge45 Apartments starting at $1,815 with a $1.64 price per square foot . Here is today’s list of the best values for Lake Leelanau apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Liv East BayOttawa5BR,2.5BA$1.65
Ridge45 ApartmentsLongitude South2BR,2BA$1.64
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.36
Hillside ApartmentsAPT 2Studio ,1BA$1.00
PinecrestPinecrest2BR,2BA$1.62
Alger Apartments2 bed - 2 bath2BR,2BA$1.52
Buena Vista EstatesThree Bed Two Bath3BR,2BA$1.70
Ruth ParkTwo Bedroom2BR,1BA$1.70
Oak Terrace1 BEDROOM1BR,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Lake Leelanau Apartments

How much is rent for a Cheap One Bedroom Lake Leelanau Apartment?

The lowest price for a Cheap One Bedroom Lake Leelanau Apartment is $744 at Riverview Terrace.

What is the lowest price for a Cheap Two Bedroom Lake Leelanau Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Leelanau is starting from $1,227 at Brookside Commons.

What is the most affordable Lake Leelanau Three Bedroom Apartment?

The best deal on a cheap Lake Leelanau Three Bedroom Apartment rental is at Buena Vista Estates and starts from $1,550.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.