Rent to own Homes in Lake Leelanau, MI

Lake Leelanau, MI is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Lake Leelanau, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Lake Leelanau, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 124
12050 S WEST BAY SHORE DR
Rent To Own
Greilickville
Single Family Home
Traverse City, MI 49684
2
2
1144 ft2
1971
Hot
9491 PENINSULA DR
Rent To Own
 
Single Family Home
Traverse City, MI 49686
6
4
4067 ft2
1971
Hot
1 of 9 13766 S WEST BAY SHORE DR #206
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49684
2
2
924 ft2
1994
Hot
1 of 70 10860 BLUFF RD
Rent To Own
 
Single Family Home
Traverse City, MI 49686
4
6
6740 ft2
2014
Hot
1 of 32 2017 TIMBERLANE DR
Rent To Own
 
Single Family Home
Traverse City, MI 49686
5
3
2477 ft2
1970
Hot
1 of 10 227 FAIR ST #6
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
2
1
895 ft2
1967
1 of 21 1717 U.S. 31 unit 35
Rent To Own
 
Multifamily (2 - 4 Units)
Traverse City, MI 49686
3
4
2200 ft2
1986
Hot
1 of 46 865 VIENNA WAY
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49696
4
3
3200 ft2
2015
Hot
1 of 11 2031 SEAVIEW DR
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
3
3
2300 ft2
2013
Hot
1 of 4 3798 VALE DR
Rent To Own
 
Townhouse/Condo
Traverse City, MI 49686
2
1
750 ft2
1978
1 of 26 718 Spartan Shores Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Elk Rapids, MI 49629
3
3
2000 ft2
2002
1 of 28 11720 EASY ST
Rent To Own
 
Single Family Home
Kewadin, MI 49648
3
3
2347 ft2
2014
1 of 42 2217 US31 South
Rent To Own
 
Multifamily (2 - 4 Units)
Charlevoix, MI 49720
3
3
3000 ft2
1900
Hot
1 of 31 8966 ALDEN MDWS
Rent To Own
 
Townhouse/Condo
Alden, MI 49612
4
4
3200 ft2
2000
1 of 65 6080 LAKE LEELANAU DR
Auction
 
Single Family Home
Traverse City, MI 49684
3
2
928 ft2
8211 S Pine Tree Lane #3
REO Foreclosure
 
Single Family Home
Cedar, MI 49621
2
2
1385 ft2
2002
11160 S RAMBLEWOOD DR
REO Foreclosure
 
Single Family Home
Cedar, MI 49621
5
3
3310 ft2
1998
1 of 37 8637 HILL ST
Auction
 
Single Family Home
Maple City, MI 49664
2
1
1256 ft2
New
1 of 4 4856 BIRDIE LN
Auction
 
Single Family Home
Traverse City, MI 49685
3
3
1584 ft2
2010
1 of 43 7058 SHADE TREE LN
Auction
 
Single Family Home
Traverse City, MI 49685
4
4
2988 ft2
2019
1 of 45 310 S DIVISION ST
Auction
Kids Creek
Single Family Home
Traverse City, MI 49684
2
2
1005 ft2
1904
New
241 E 11TH ST
Auction
Old Towne
Single Family Home
Traverse City, MI 49684
3
1
1017 ft2
1910
1058 WEBSTER ST
Auction
Oak Park
Single Family Home
Traverse City, MI 49686
1
1
875 ft2
1906
New
626 ROSE ST
Auction
Traverse Heights
Single Family Home
Traverse City, MI 49686
2
1
792 ft2
1966
New
1 of 3 610 FERN ST
Auction
Traverse Heights
Single Family Home
Traverse City, MI 49686
3
2
1140 ft2
2002
1 of 5 968 BARLOW ST
Auction
Traverse Heights
Single Family Home
Traverse City, MI 49686
2
1
1130 ft2
1896
1 of 5 4436 BRUNSON PL
Auction
 
Single Family Home
Traverse City, MI 49684
3
2
1300 ft2
1991
New
1 of 19 2257 TYLER HILLS DR
Auction
 
Single Family Home
Traverse City, MI 49685
3
2
1310 ft2
2018
20281 RICHARDSON RD
Auction
 
Single Family Home
Lake Ann, MI 49650
2
2
1231 ft2
1 of 4 1602 RIDGE VIEW CT
Auction
 
Single Family Home
Traverse City, MI 49686
3
2
2046 ft2
1977
1 of 10 1471 N WEST SILVER LAKE RD
Auction
 
Single Family Home
Traverse City, MI 49685
4
3
1170 ft2
1978
New
1 of 2 6672 BOONE RD
Auction
 
Single Family Home
Traverse City, MI 49685
3
2
1808 ft2
1973
20446 NOFSGER RD
Auction
 
Single Family Home
Lake Ann, MI 49650
2
1
1760 ft2
575 N EAST SILVER LAKE RD
Auction
 
Single Family Home
Traverse City, MI 49685
3
1
1008 ft2
1994
1 of 62 1867 OAK DR
Auction
 
Single Family Home
Traverse City, MI 49686
2
2
1360 ft2
1977
893 TRADITIONS DR
Auction
 
Townhouse/Condo
Traverse City, MI 49696
3
2
1272 ft2
2017
1749 STRASBOURG
Auction
 
Townhouse/Condo
Traverse City, MI 49696
4
4
2500 ft2
2008
Hot
1 of 241 4316 W TIMBERWOOD DR
Fannie Mae/Freddie Mac
 
Single Family Home
Traverse City, MI 49686
5
4
2800 ft2
1987
1 of 69 593 AUTUMNVIEW LN
Auction
Chums Corner
Single Family Home
Traverse City, MI 49685
3
4
1860 ft2
2004
3765 VALE DR
Auction
 
Townhouse/Condo
Traverse City, MI 49686
2
2
960 ft2
2002
New
1 of 24 3759 VALE DR
Auction
 
Townhouse/Condo
Traverse City, MI 49686
2
2
960 ft2
2002
1916 COUNTY ROAD 633
Auction
Grawn
Single Family Home
Grawn, MI 49637
2
1
698 ft2
1936
Hot
5889 OLD MAPLE TRL
REO Foreclosure
Grawn
Single Family Home
Grawn, MI 49637
4
1
1446 ft2
1974
1 of 19 182 S Garfield Road
REO Foreclosure
 
Single Family Home
Traverse City, MI 49696
5
1
1298 ft2
1900
Map
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Buying a Home in Lake Leelanau, MI

Lake Leelanau, MI is seeing rapid growth and Lake Leelanau, MI's' housing market remains optimal with an average home price that is -2% below the 2024 national average. Lake Leelanau, MI is part of Leelanau county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Leelanau is 0.83% which is below the national average, which is 0.99%.

Median Home Price in Lake Leelanau, MI

Median Rent in Lake Leelanau, MI

Median rent data is currently unavailable.
Rent to own homes offer low monthly payments and flexible terms.