Cheap Apartments for Rent in Lake Leelanau, MI from $400 (16 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 2276 S M-37

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685
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Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Ruth Park
2 to 3 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
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Garfield Oaks
1 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
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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 Studio unit found at The Flats at Carriage Commons priced from $1,083. Brookside Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,227. Here is today’s list of the most affordable Lake Leelanau apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Flats at Carriage CommonsStudioStudio,1BA$1,083
Brookside CommonsTwo Bedroom2BR,1BA$1,227
Holiday Village Townhomes2 BED/1.5 BATH2BR,1BA$1,600
Oak Shore Commons1 Bedroom 1 Bath1BR,1BA$1,649
Legends Morgan FarmsHarbor1BR,1BA$1,731

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

As of June 23, 2025 the best value apartment in the Lake Leelanau area is the $1.61 price per square foot Three Bedroom Model at Ruth Park in the in the Downtown Traverse City neighborhood starting from $1,800. The second greatest value Lake Leelanau apartment is the Cedar Model at Chelsea Park West starting at $2,059 with a $1.85 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.
Ruth ParkThree Bedroom3BR,2BA$1.61
Chelsea Park WestCedar2BR,2BA$1.85
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
West End LoftsA5A1BR,1BA$2.42
Legends Morgan FarmsHarbor1BR,1BA$2.25
Oak Shore Commons1 Bedroom 1 Bath1BR,1BA$2.47
947 Woodmere Ave, Unit B947 Woodmere AveStudio ,1BA$3.55

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

Explore Lake Leelanau, MI Rentals by Map

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See the most popular apartments and homes in Lake Leelanau, MI

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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 $1,649 at Oak Shore Commons.

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 Ruth Park and starts from $1,800.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.