The Welshman, who has come under fire from a section of the Los Blancos fanbase in recent weeks, is one of five players dropped by manager Zinedine Zidane following the 2-2 draw with Valencia before the international break.
Lucas Vazquez earns a recall in Bale's stead in the front three, which sees him join up with Karim Benzema and Marco Asensio, who bagged both goals against Los Che. Cristiano Ronaldo remains out of contention through suspension.
Skipper Sergio Ramos returns from a one-game ban to displace Casemiro as partner for Nacho in the heart of defence, while Dani Carvajal continues on the right and Theo Hernandez comes in at left-back.
For the visitors, Juan Muniz makes two alterations from the side that claimed a 2-2 draw at home to Deportivo La Coruna last time out, switching to an expected 5-4-1 formation.
Alex Alegria continues to lead the line for the Frogs, while summer signing Ivi Lopez comes into the midfield after scoring from the spot against Depor, with Enis Bardhi dropping to the bench and Jose Luis Morales out through suspension.
Jose Campana, Jason and Jefferson Lerma keep their spots in the middle of the park, while Rober is the extra man in the back five, joining Ivan Lopez, Chema, Sergio Postigo and Antonio Tono. Raul continues in goal.
Real Madrid: Casilla; Carvajal, Ramos, Nacho, Theo Hernandez; Llorente, Kroos, Marcelo; Vazquez, Benzema, Asensio
Subs: Luca, Vallejo, Bale, Casemiro, Isco, Kovacic, Ceballos
Levante: Raul; Ivan, Tono, Postigo, Rober, Chema; Lerma, Ivi, Jason, Campana; Alegria
Subs: Oier, Samuel, Bardhi, Pedro Lopez, Lukic, Boateng, Luna
Keep up with all of the action from the Bernabeu this afternoon with Sports Mole's live text commentary here.