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$501 Bedroom Apartments Available Now
Riverview Terrace
150 Pine StTraverse City, MI 49684
Cheap Apartments for Rent in Traverse City, MI from $694 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Traverse City.
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$694 - $1,3941 to 2 Bedroom Apartments Available Now
Parkview Apartments
1223 E Eighth StTraverse City, MI 49686
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$796 - $1,1941 Bedroom Apartments Available Now
Oak Terrace
1240 Oak Terrace DrTraverse City, MI 49686
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$857 - $1,5721 to 3 Bedroom Apartments Available Sep 8
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
853 E Front St
Traverse CityMI49686
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$1,160 - $1,8801 to 2 Bedroom Apartments Available Sep 12
Harbour Ridge Apartments
3686 Matador WTraverse City, MI 49684
2276 S M-37, Unit B
2276 S M-37
Traverse CityMI49685
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,255 - $2,0101 to 2 Bedroom Apartments Available Sep 25
Lake Pointe Village
1646 Maple Ridge WayTraverse City, MI 49686
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$1,275 - $2,240Studio to 3 Bedroom Apartments Available Nov 10
Ridge45 Apartments
1555 Ridge BlvdTraverse City, MI 49686
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Rent Specials
$1,299 - $1,600Studio Apartments Available Sep 12
Studio's at The Vic
461 Munson AveTraverse City, MI 49686
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$1,300 - $1,8001 to 2 Bedroom Apartments Contact Us For Availability
Sugar Plum Apartments
2692 Harbor Hill DrTraverse City, MI 49686
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$1,3952 Bedroom Apartments Available Now
Townhouse Lane
1160 Townhouse LnTraverse City, MI 49686
4210 Mitchell Creek Dr, Unit 6
4210 Mitchell Creek Dr
Traverse CityMI49686
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1 to 2 Bedroom Apartments
Annika Place
947 S Garfield AveTraverse City, MI 49686
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 3 Bedroom Apartments
Ruth Park
520 Wellington StTraverse City, MI 49686
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1 to 3 Bedroom Apartments
Brookside Commons
4155 Sprucewood DrTraverse City, MI 49684
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1 to 4 Bedroom Apartments
Boardman Lake
2960 Feiger LnTraverse City, MI 49684
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Studio to 1 Bedroom Apartments
East Bay Flats
440 Munson AveTraverse City, MI 49686
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Studio to 2 Bedroom Apartments
The Flats at Carriage Commons
1389 Carriage View LnTraverse City, MI 49686
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1 to 4 Bedroom Apartments
Tradewinds Terrace
851 Fitzhugh DrTraverse City, MI 49684
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1 to 2 Bedroom Apartments
Garfield Oaks
3011 Garfield Rd NTraverse City, MI 49686
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 to 5 Bedroom Apartments
Liv Arbors
2955 Leggett DrTraverse City, MI 49685
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3 to 4 Bedroom Apartments
King's Court
1585 Ray BlvdTraverse City, MI 49686
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2 to 3 Bedroom Apartments
Copper Village Apartments
4052 Haverhill CtTraverse City, MI 49684
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1 to 2 Bedroom Apartments
Pine Hills and Cedar Hills Apartments
6444 Cedar RunTraverse City, MI 49684
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Studio to 2 Bedroom Apartments
Trailside45 Apartments
630 S Garfield AveTraverse City, MI 49686
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1 to 3 Bedroom Apartments
Manitou Woods
1021 Manitou DrTraverse City, MI 49686
124 Beech St
Traverse CityMI49684
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
602 Saunders Rd SE
KalkaskaMI49646
14690 W Pine Lake Rd
WellstonMI49689
314 E Pine St
CadillacMI49601
Showing Results 1-31, Page 1 of 1
Traverse City, MI Local Guide
How much does it cost to rent an apartment in Traverse City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Traverse City Studio Apartments | $1,543 | $1,275 | $1,600 |
| Cheap Traverse City 1 Bedroom Apartments | $1,622 | $796 | $2,508 |
| Cheap Traverse City 2 Bedroom Apartments | $2,078 | $818 | $3,348 |
| Cheap Traverse City 3 Bedroom Apartments | $2,512 | $1,154 | $3,618 |
| Cheap Traverse City 4 Bedroom Apartments | $3,079 | $2,775 | $3,205 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Traverse City
See all Apartments in Traverse CityExplore Traverse City
Traverse City, MI Local Guide
- Traverse City Neighborhoods
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Cheapest Neighborhoods for Apartments in Traverse City, MI
Pricing Updated: 08/30/2026Current apartment rentals in the Traverse City, MI area range in price from $818 to $3,348 with an overall median price of $1,565. Here is today’s list neighborhoods with the lowest median pricing for Traverse City Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Traverse City | $1,565 | $818 | 7 |
Cheapest Available Traverse City Apartments for Rent
The cheapest available apartment rental in Traverse City, MI is a 1 Bed unit found at Annika Place in the Downtown Traverse City neighborhood priced from $463. Parkview Apartments in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Annika Place | 1 Bedroom 1 Bath | 1BR,1BA | $463 |
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Brookside Commons | 2 Bedroom B | 2BR,1BA | $887 |
| Townhouse Lane | Townhouse Ln | 2BR,1BA | $1,395 |
| Eagle Ridge Apartment Homes | One Bedroom | 1BR,1BA | $1,575 |
| West End Lofts | S2-RR | Studio,1BA | $1,596 |
| 1 Bed 1 Bath in Downtown Traverse City | 1BR/1.0BA | 1BR,1BA | $1,600 |
| Marengo TC | Morello | 1BR,1BA | $1,659 |
| Edge 72 | Traveler | 1BR,1BA | $1,687 |
Best Value Apartments for Rent in Traverse City, MI
As of August 30, 2026 the best value apartment in the Traverse City area is the $1.64 price per square foot Dune Model at Liv East Bay in the starting from $2,950. The second greatest value Traverse City apartment is the Single Family Home Model at Woodbury Estates starting at $2,399 with a $1.98 price per square foot . Here is today’s list of the best values for Traverse City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Liv East Bay | Dune | 3BR,2.5BA | $1.64 |
| Woodbury Estates | Single Family Home | 3BR,2BA | $1.98 |
| Townhouse Lane | Townhouse Ln | 2BR,1.5BA | $1.29 |
| Brookside Commons | 2 Bedroom A | 2BR,1BA | $1.37 |
| 449 Munson Pl, Unit Munson Place Apartments | 449 Munson Pl | 2BR,2BA | $1.74 |
| Annika Place | 2 Bedroom 1 Bath C | 2BR,1BA | $1.91 |
| Eagle Ridge Apartment Homes | One Bedroom | 1BR,1BA | $1.75 |
| Edge 72 | Traveler | 1BR,1BA | $1.92 |
| Parkview Apartments | One bedroom | 1BR,1BA | $0.95 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools in Traverse City, MI
Tcaps Montessori School
Traverse City Area Public Schools
Public School - Grades PK-8 (351)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Traverse City, MI Rentals by Map
See the most popular apartments and homes in Traverse City, MI
Frequently Asked Questions about Cheap Traverse City Apartments
How much is rent for a Cheap One Bedroom Traverse City Apartment?
The lowest price for a Cheap One Bedroom Traverse City Apartment is $463 at Annika Place.
What is the lowest price for a Cheap Two Bedroom Traverse City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Traverse City is starting from $887 at Brookside Commons.
What is the most affordable Traverse City Three Bedroom Apartment?
The best deal on a cheap Traverse City Three Bedroom Apartment rental is at Woodbury Estates and starts from $2,399.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.