Cheap Homes for Rent in Lake Leelanau, MI from $1,100 (7 Rentals)

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

property at 2276 S M-37

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685

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.

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.

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 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. Annika Place in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $476. Here is today’s list of the most affordable Lake Leelanau apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$454
Annika PlaceTwo Bedroom2BR,1BA$476
Lighthouse Gardens Apartments2Br2BR,1BA$1,028

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

As of July 23, 2025 the best value apartment in the Lake Leelanau area is the $1.87 price per square foot Furnished Single Family Model at Woodbury Estates - SINGLE FAMILY HOMES in the starting from $2,999. The second greatest value Lake Leelanau apartment is the Three Bedroom Model at Ruth Park starting at $1,800 with a $1.61 price per square foot in the Downtown Traverse City neighborhood. 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.
Woodbury Estates - SINGLE FAMILY HOMESFurnished Single Family3BR,2BA$1.87
Ruth ParkThree Bedroom3BR,2BA$1.61
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Annika PlaceTwo Bedroom2BR,1BA$0.52
Chelsea Park WestArcadia Bay1BR,1BA$2.28
Bayview of Traverse City1 Bedroom 1 Bathroom Apartment1BR,1BA$2.33
Oak Shore Commons1 Bedroom 1 Bath1BR,1BA$2.47
Lighthouse Gardens Apartments1Br1BR,1BA$1.62
The Flats at Carriage CommonsStudioStudio ,1BA$2.19

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Frequently Asked Questions about Lake Leelanau

What type of rentals are currently available in Lake Leelanau?

There are currently 39 Apartments for Rent in Lake Leelanau, MI with pricing that ranges from $746 to $3,800. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Leelanau ranging from $1,150 to $5,500.

What is the current price range for Rental Homes in Lake Leelanau?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Leelanau ranges from $1,150 to $5,500 with an average monthly rent of $2,428.

How much are larger Three and Four Bedroom Rentals in Lake Leelanau?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Leelanau range from $1,033 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,850. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,608.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.