Cheap Apartments for Rent in Traverse City, MI from $600 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Traverse City.

property at 2276 S M-37

$1,200

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685

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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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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property at 1788 St Joseph St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1788 St Joseph St

Traverse CityMI49696
property at 3848 Vale Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3848 Vale Dr

Traverse CityMI49686
property at 3865 Vale Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3865 Vale Dr

Traverse CityMI49686

Cash 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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property at 3843 Vale Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3843 Vale Dr

Traverse CityMI49686
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Boardman Lake
1 to 4 Bedroom Apartments

Boardman Lake

2960 Feiger LnTraverse City, MI 49684
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East Bay Flats
Studio to 1 Bedroom Apartments

East Bay Flats

440 Munson AveTraverse City, MI 49686
  • Utilities Included
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Tradewinds Terrace
1 to 4 Bedroom Apartments

Tradewinds Terrace

851 Fitzhugh DrTraverse City, MI 49684
  • Utilities Included
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Garfield Oaks
1 to 2 Bedroom Apartments

Garfield Oaks

3011 Garfield Rd NTraverse City, MI 49686
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Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
  • Utilities Included

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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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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King's Court
3 to 4 Bedroom Apartments

King's Court

1585 Ray BlvdTraverse City, MI 49686
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Manitou Woods
1 to 3 Bedroom Apartments

Manitou Woods

1021 Manitou DrTraverse City, MI 49686
  • Utilities Included
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The Tides
1 to 2 Bedroom Apartments

The Tides

1510 Veterans DrTraverse City, MI 49684
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Annika Place
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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Showing Results 1-49, Page 1 of 1

Traverse City, MI Local Guide

Cheapest Neighborhoods for Apartments in Traverse City, MI

Pricing Updated: 07/15/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Traverse City$1,750$6943

Cheapest Available Traverse City Apartments for Rent

 

The cheapest available apartment rental in Traverse City, MI is a 1 Bed unit found at Oak Terrace priced from $796. Brookside Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,227. Here is today’s list of the most affordable Traverse City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Terrace1 BEDROOM1BR,1BA$796
Brookside CommonsTwo Bedroom2BR,1BA$1,227
Townhouse LaneTownhouse Ln2BR,1BA$1,395
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,478
Annika PlaceOne Bedroom1BR,1BA$1,495
Townline FlatsTownline 1 Bedroom Apartments1BR,1BA$1,540
Marengo TCMorello1BR,1BA$1,659
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1,675
Holiday Village Townhomes2 BED/1.5 BATH2BR,1BA$1,800
West End LoftsA21BR,1BA$1,949

Best Value Apartments for Rent in Traverse City, MI

As of July 15, 2026 the best value apartment in the Traverse City area is the $1.55 price per square foot Empire Model at Liv East Bay in the starting from $2,965. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Liv East BayEmpire4BR,2.5BA$1.55
Woodbury EstatesSingle Family Home3BR,2BA$1.98
Chelsea Park WestCedar2BR,2BA$1.95
Townhouse LaneTownhouse Ln2BR,1.5BA$1.29
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.46
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.87
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1.94
Marengo TCMorello1BR,1BA$2.14
Oak Terrace1 BEDROOM1BR,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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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

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $796 at Oak 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 $1,227 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 Village Glen Apartments and starts from $1,701.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.