
Cheap Homes for Rent in Lake Leelanau, MI from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Leelanau.


10947 S Dalzell Rd

2276 S M-37, Unit B

3839 Silver Lake Rd
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.

7079 Hawley Rd

3464 Blackwood Dr

619 E Eighth St

5741 Hilltop Way
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 a home in Lake Leelanau?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Leelanau 2 Bedroom Homes for Rent | $2,527 | $1,495 | $5,000 |
| Lake Leelanau 3 Bedroom Homes for Rent | $2,489 | $400 | $4,750 |
| Lake Leelanau 4 Bedroom Homes for Rent | $3,950 | $1,850 | $5,500 |
| Lake Leelanau 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent 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. Bay Hill I in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $997. 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 |
| Bay Hill I | 2C | 2BR,1BA | $997 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Lake Leelanau, MI and Nearby
As of January 24, 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 Evergreen Model at Lake Pointe Village starting at $1,635 with a $1.53 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bear Creek Meadows - Petoskey, MI | Momma Bear - Upper | 2BR,2BA | $1.43 |
| Lake Pointe Village | Evergreen | 2BR,2BA | $1.53 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.54 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.74 |
| Alger Apartments | 2 bed - 2 bath | 2BR,2BA | $1.41 |
| Bay Hill I | 2C | 2BR,1BA | $1.06 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
| Parkview Apartments | One bedroom | 1BR,1BA | $0.95 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.43 |
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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Lake Leelanau
What type of rentals are currently available in Lake Leelanau?
There are currently 43 Apartments for Rent in Lake Leelanau, MI with pricing that ranges from $857 to $3,600. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Leelanau ranging from $400 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 $400 to $5,500 with an average monthly rent of $2,397.
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.