Oak Terrace Apartments

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(231) 943-6873
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1240 Oak Terrace Dr, Traverse City, MI 49686

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Oak Terrace

1240 Oak Terrace Dr
Traverse City, MI 49686
(231) 943-6873
Oak Terrace in Traverse City, MI - Building Photo
  • 1 Bedroom Bedrooms
  • $500-$1,194Pricing
  • 550–575Square Feet

About Oak Terrace

Embrace a vibrant and independent lifestyle at Oak Terrace Apartments, the premier choice for seniors (50+) and residents with disabilities in Traverse City, Michigan. Situated at 1240 Oak Terrace Drive, our community offers a tranquil setting that is just minutes away from the excitement of the city. You are perfectly positioned to enjoy the stunning views of Grand Traverse Bay, explore local wineries, or access world-class medical care at Munson Medical Center. Oak Terrace is designed to support your wellness and social life. We are proud to offer an on-site workout facility, allowing you to stay active and fit without leaving the comfort of your building. During the beautiful Northern Michigan summers, our community grill and picnic areas become a hub of activity where neighbors share meals and stories. Your 1-bedroom apartment is a private sanctuary featuring central heating, air conditioning, and a smoke-free environment. We know that pets are family, which is why we are a pet-friendly community. With responsive 24/7 maintenance and on-site laundry, Oak Terrace offers a worry-free lifestyle where you can focus on what matters most to you.

Oak Terrace is located in the 49686 Zip code of Traverse City, MI. This community is professionally managed by Superior Management Systems

Property Contact Info

Floorplan Pricing and Availability

Oak Terrace offers 1 Bedroom apartments starting from $597 and having 550–575 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees
    • 1 Bedroom

      1 BEDROOM

      From $597

      1 Bed, 1 Bath, 550-575 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtView Details
      $996Available Now1575
      $597Available Now2575
      $796Available Now3575

      Model Amenities and Features

      Features

      • Heating
      • High Speed Internet Access
      • Smoke Free

      Kitchen

      • Dishwasher

      Living Space

      • Carpet
      • Vinyl Flooring

      Model Rent and Fees

      Model Price Range

      • $500 - $1,194Plus Fees

      Current Available Pricing

      • $597 - $996 Plus Fees

      Unit 1 Amenities and Features

      Features

      • Heating
      • High Speed Internet Access
      • Smoke Free

      Kitchen

      • Dishwasher

      Living Space

      • Carpet
      • Vinyl Flooring

      Unit 1 Rent and Fees

      Unit Price

      • $996Plus Fees
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $500 - $1,194Plus Fees

      Unit 2 Amenities and Features

      Features

      • Heating
      • High Speed Internet Access
      • Smoke Free

      Kitchen

      • Dishwasher

      Living Space

      • Carpet
      • Vinyl Flooring

      Unit 2 Rent and Fees

      Unit Price

      • $597Plus Fees
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $500 - $1,194Plus Fees

      Unit 3 Amenities and Features

      Features

      • Heating
      • High Speed Internet Access
      • Smoke Free

      Kitchen

      • Dishwasher

      Living Space

      • Carpet
      • Vinyl Flooring

      Unit 3 Rent and Fees

      Unit Price

      • $796Plus Fees
      • View Details and Rent Estimate

      Model Rent and Fees

      Model Price Range

      • $500 - $1,194Plus Fees
    Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

    Schedule a Tour

    Schedule a Tour
    Call us at: (231) 943-6873 to schedule a tour.

    Property Information

    Fees and Policies

    The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.

    Other Fees

    Pet Fees

    Other Pet

    Pet DepositiCharged Per Pet$25/mo

    Dog

    One-Time Pet FeeiCharged Per Pet$150/mo

    Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

    Features and Amenities

    On-Site Services

    • Maintenance On Site
    • Laundry Facilities

    Outdoor Features

    • Grill
    • Picnic Area

    Recreation and Fitness

    • Fitness Center
    • Gameroom

    Interior Features

    • Smoke Detector
    • Heating
    • Sprinkler System
    • Air Conditioning
    • Wheelchair Accessible (Rooms)
    • Smoke Free

    Kitchen Amenities

    • Refrigerator
    • Disposal
    • Kitchen

    Living Area Features

    • Linen Closet
    • Recreation Room
    Google Map

    Map

    1240 Oak Terrace Dr, Traverse City, MI 49686

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    Monday8:00 am–4:00 pm
    Tuesday8:00 am–4:00 pm
    Wednesday8:00 am–4:00 pm
    Thursday8:00 am–4:00 pm
    Friday8:00 am–4:00 pm
    SaturdayClosed
    SundayClosed

    Frequently Asked Questions about Oak Terrace

    Where is Oak Terrace located?

    Oak Terrace is located at 1240 Oak Terrace Dr, Traverse City, MI

    What is the current rent range at Oak Terrace?

    1 Bedrooms at Oak Terrace currently start from $597. Call today for more info!

    When is the leasing office open?

    • The office Hours for Oak Terrace are
    • Monday 8:00 am–4:00 pm
    • Tuesday 8:00 am–4:00 pm
    • Wednesday 8:00 am–4:00 pm
    • Thursday 8:00 am–4:00 pm
    • Friday 8:00 am–4:00 pm
    • Saturday Closed
    • Sunday Closed

    Are pets allowed?

    Call us today to find out our pet policy and if we allow pets

    Lifestyle Ratings

    • Affordability Great Value3.8

      The Oak Terrace Apartments are 68.0% cheaper than the average apartment city-wide.

      Rent Comparison to the city of Traverse City

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$500$1,561-$1,061-68.0%

      Methodology: On 02/12/2026, ApartmentHomeLiving.com compared current rents by floorplan to 62 other apartment communities in Traverse City using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

      Rent Pricing Data as of 02/12/2026

    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    3.0
    1 Renters Reviews
    ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

    Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
    • Management and Maintenance Staff Issues

      January 15, 2023
      Management has refused to address how terribly cold it is in the apartments on the main level. Residents are layered in blankets and winter boots trying to stay warm and maintenance refuses to help. The whole place was remodeled a few years ago and residents were outfitted with cabinets that don’t work or they can’t even access. Management and maintenance staffing issues are overdo to be addressed to make this a safe and comfortable place for our aging community members.
      Review from Apartments.com

    Nearby Schools

    Central High School

    Traverse City Area Public Schools
    1150 Milliken Drive
    Public School - Grades 8-12 (1387 Students)
    In Attendance Zone5 minute drive / 2.6 miles away
    9/10

    East Middle School

    Traverse City Area Public Schools
    1776 3 MILE RD N
    Public School - Grades 6-8 (786 Students)
    In Attendance Zone5 minute drive / 2.7 miles away
    8/10

    Traverse Heights Elementary School

    Traverse City Area Public Schools
    933 Rose Street
    Public School - Grades PK-5 (257 Students)
    In Attendance Zone3 minute drive / 1.3 miles away
    5/10
    School data provided by GreatSchools.
    details
    The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

    About GreatSchools Data on ApartmentHomeLiving.com.

    Points of Interest

    Time and distance from Oak Terrace.

    Big Box and Retail

    Radioshack

    1377 W South Airport Rd
    1 minute drive / 0.25 miles away

    Autozone

    703 S Garfield Ave
    5 minute drive / 1.73 miles away

    Jcpenney

    3300 S Airport Rd W
    4 minute drive / 2.01 miles away

    Hospitals

    Munson Medical Center

    1105 Sixth Street
    6 minute drive / 2.99 miles away

    Shopping Centers

    1280 S Airport

    1280 W South Airport Rd
    1 minute drive / 0.27 miles away

    Cherryland Center

    1148 S Airport Rd
    1 minute drive / 0.35 miles away

    Logan's Landing

    2018 South Airport Rd
    2 minute drive / 0.84 miles away

    Oak Terrace has 5 shopping centers within 1.6 miles.

    Nearby Neighborhoods

    1 to 3 Bedroom Apartments from $857
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Traverse City Studio Apartments $1,293$1,275$1,299
    Traverse City 1 Bedroom Apartments $1,561$597$2,560
    Traverse City 2 Bedroom Apartments $1,977$1,023$3,302
    Traverse City 3 Bedroom Apartments $2,405$1,154$3,246

    Browse Top Apartments in Traverse City

    Viewing: Oak Terrace | Desktop Version | Listing Updated: 02/05/2026 | AHLGLD