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$694 - $1,2951 to 2 Bedroom Apartments Contact Us For Availability
Parkview Apartments
1223 E Eighth StTraverse City, MI 49686
Cheap Apartments for Rent in Traverse City, MI from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Traverse City.
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$744 - $1,1561 Bedroom Apartments Available Now
Riverview Terrace
150 Pine StTraverse City, MI 49684
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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 Contact Us For Availability
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
853 E Front St
Traverse CityMI49686
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$1,160 - $1,7751 to 2 Bedroom Apartments Available Jun 19
Harbour Ridge Apartments
3686 Matador WTraverse City, MI 49684
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$1,1611 to 3 Bedroom Apartments Available Now
Ruth Park
520 Wellington StTraverse City, MI 49686
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.
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Rent Specials
$1,199 - $1,600Studio Apartments Available Now
Studio's at The Vic
461 Munson AveTraverse City, MI 49686
2276 S M-37, Unit Unit B, Unit Unit B
2276 S M-37
Traverse CityMI49685
3011 N Garfield Rd
Traverse CityMI49686
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$1,250
Total Monthly Price
Studio Apartment Available May 16Total Monthly Price
Base Rent
$1,250
Total Monthly Price
$1,250
167 E Seventeenth St, Unit B, Unit B
167 E Seventeenth StTraverse City, MI 49684
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$1,255 - $1,9851 to 2 Bedroom Apartments Available May 22
Lake Pointe Village
1646 Maple Ridge WayTraverse City, MI 49686
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$1,275 - $2,240Studio to 3 Bedroom Apartments Available Now
Ridge45 Apartments
1555 Ridge BlvdTraverse City, MI 49686
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$1,295
Total Monthly Price
2 Bedroom Apartment Available Jun 6Total Monthly Price
Base Rent
$1,295
Total Monthly Price
$1,295
13425 S Bugai Rd, Unit 1, Unit 1
13425 S Bugai RdTraverse City, MI 49684
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,300
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,300
Total Monthly Price
$1,300
909 7th St, Unit 304, Unit 304
909 7th StTraverse City, MI 49684
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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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$1,3001 Bedroom Apartments Available Now
Pine Hills and Cedar Hills Apartments
6444 Cedar RunTraverse City, MI 49684
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$1,374 - $1,5822 to 3 Bedroom Apartments Available Now
Village Glen Apartments
1336 Birch Tree LnTraverse City, MI 49686
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$1,400 - $2,0251 to 3 Bedroom Apartments Contact Us For Availability
Manitou Woods
1021 Manitou DrTraverse City, MI 49686
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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
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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1 to 4 Bedroom Apartments
Tradewinds Terrace
851 Fitzhugh DrTraverse City, MI 49684
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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 2 Bedroom Apartments
Garfield Oaks
3011 Garfield Rd NTraverse 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 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
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Studio to 2 Bedroom Apartments
Trailside45 Apartments
630 S Garfield AveTraverse City, MI 49686
314 E Pine St
CadillacMI49601
411 S Simon 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 | $1,431 | $1,250 | $1,600 |
| Cheap Traverse City 1 Bedroom Apartments | $1,570 | $694 | $3,000 |
| Cheap Traverse City 2 Bedroom Apartments | $2,003 | $818 | $3,500 |
| Cheap Traverse City 3 Bedroom Apartments | $2,338 | $1,154 | $3,325 |
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
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Traverse City, MI
Pricing Updated: 04/15/2026Current apartment rentals in the Traverse City, MI area range in price from to with an overall median price of . 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 | $4,100 | $1,100 | 8 |
Cheapest Available Traverse City Apartments for Rent
The cheapest available apartment rental in Traverse City, MI is a 1 Bed unit found at Riverview Terrace in the Downtown Traverse City neighborhood priced from $744. Oak Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $796. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Ruth Park | Two Bedroom | 2BR,1BA | $1,161 |
| Studio's at The Vic | King | Studio,1BA | $1,199 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,300 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1,374 |
| Annika Place | One Bedroom | 1BR,1BA | $1,414 |
| Townline Flats | Townline 1 Bedroom Apartments | 1BR,1BA | $1,540 |
Best Value Apartments for Rent in Traverse City, MI
As of April 15, 2026 the best value apartment in the Traverse City area is the $1.64 price per square foot Longitude South Model at Ridge45 Apartments in the starting from $1,815. The second greatest value Traverse City apartment is the 4215 Manhattan E Model at 4215 Manhattan E, Unit 4215 starting at $1,950 with a $1.90 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. |
|---|---|---|---|
| Ridge45 Apartments | Longitude South | 2BR,2BA | $1.64 |
| 4215 Manhattan E, Unit 4215 | 4215 Manhattan E | 3BR,1BA | $1.90 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.36 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.74 |
| 909 7th St, Unit 304 | 909 7th St | 2BR,1BA | $1.44 |
| 3311 Mahoney Dr, Unit 3311 | 3311 Mahoney Dr | 2BR,1BA | $1.72 |
| Ruth Park | Two Bedroom | 2BR,1BA | $1.34 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.86 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Traverse City, MI
Tcaps Montessori School
Traverse City Area Public Schools
Public School - Grades PK-8 (307)
8 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 $744 at Riverview Terrace.
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 $1,161 at Ruth Park.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.