Cheap Apartments for Rent in Lake Leelanau, MI from $700 (18 Rentals)

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

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Ruth Park
1 to 2 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Annika Place
2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
Showing Results 1-18, 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 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $1,073. Bay Hill I in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,120. Here is today’s list of the most affordable Lake Leelanau apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$1,073
Bay Hill I2D2BR,2BA$1,120
Sugar Plum Apartments1bdm1BR,1BA$1,200
Pine Hills and Cedar Hills Apartments2 Bedroom 2 Bath2BR,2BA$1,200
Alger Apartments2 Bedroom - 1 Bath2BR,1BA$1,260

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

As of March 27, 2025 the best value apartment in the Lake Leelanau area is the $1.18 price per square foot Three Bedroom Model at Brookside Commons in the starting from $1,485. The second greatest value Lake Leelanau apartment is the Solstice South Model at Ridge45 Apartments starting at $1,815 with a $1.64 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.
Brookside CommonsThree Bedroom3BR,1BA$1.18
Ridge45 ApartmentsSolstice South2BR,2BA$1.64
403 W Eleventh St, Unit B403 W Eleventh St2BR,1BA$1.82
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Lake Pointe VillageDriftwood2BR,2BA$1.56
Alger Apartments2 Bedroom - 2 Bath2BR,2BA$1.44
Ruth ParkTwo Bedroom2BR,1BA$1.24
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1.85
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1.71
Sugar Plum Apartments1bdm1BR,1BA$1.83

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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 $1,200 at Sugar Plum 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 $1,073 at Ruth Park.

What is the most affordable Lake Leelanau Three Bedroom Apartment?

The best deal on a cheap Lake Leelanau Three Bedroom Apartment rental is at Brookside Commons and starts from $1,485.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.