
Cheap Apartments for Rent in Lake Leelanau, MI from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Leelanau.


Bay Hill I

Hillside Club Apartments

Harbour Ridge Apartments

Ruth Park

Studio's at The Vic
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.

Garfield Oaks

2276 S M-37, Unit B

621 Grant St

Victories Square

Lighthouse Gardens Apartments

The Flats at Carriage Commons
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.
Lake Leelanau, MI Local Guide

How much does it cost to rent an apartment in Lake Leelanau?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Leelanau Studio Apartments | $1,217 | $1,199 | $1,275 |
| Lake Leelanau 1 Bedroom Apartments | $1,580 | $857 | $2,560 |
| Lake Leelanau 2 Bedroom Apartments | $1,872 | $1,023 | $3,302 |
| Lake Leelanau 3 Bedroom Apartments | $2,387 | $1,154 | $3,600 |
Browse Top Apartments in Lake Leelanau
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Lake Leelanau, MI Local Guide
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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 Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Harbour Ridge Apartments in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,160. Here is today’s list of the most affordable Lake Leelanau apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Harbour Ridge Apartments | One Bed One Bath | 1BR,1BA | $1,160 |
| Ruth Park | Two Bedroom | 2BR,1BA | $1,170 |
| Studio's at The Vic | King | Studio,1BA | $1,199 |
| Garfield Oaks | One Bed One Bath | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Lake Leelanau, MI and Nearby
As of January 31, 2026 the best value apartment in the Lake Leelanau area is the $1.43 price per square foot Momma Bear - Upper Model at Bear Creek Meadows - Petoskey, MI in the starting from $1,575. The second greatest value Lake Leelanau apartment is the Pinecrest Model at Pinecrest starting at $1,622 with a $1.54 price per square foot . Here is today’s list of the best values for Lake Leelanau apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bear Creek Meadows - Petoskey, MI | Momma Bear - Upper | 2BR,2BA | $1.43 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.54 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | 2x2 | 2BR,2BA | $1.28 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.74 |
| Alger Apartments | 2 bed - 2 bath | 2BR,2BA | $1.41 |
| Legends Morgan Farms | Leland | 1BR,1BA | $1.78 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
| Parkview Apartments | One bedroom | 1BR,1BA | $0.95 |
| Ruth Park | One Bedroom | 1BR,1BA | $1.80 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Leelanau, MI Rentals by Map
See the most popular apartments and homes in Lake Leelanau, MI
Frequently Asked Questions about Cheap Lake Leelanau Apartments
What is the Cheapest Studio apartment in Lake Leelanau?
Currently the most affordable Cheap Studio Apartment in Lake Leelanau is at Studio's at The Vic listed at $1,199.
How much is rent for a Cheap One Bedroom Lake Leelanau Apartment?
The lowest price for a Cheap One Bedroom Lake Leelanau Apartment is $694 at Parkview Apartments.
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 $818 at Parkview Apartments.
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 $1,675.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.