Cheap Apartments for Rent in Traverse City, MI from $400 (37 Rentals)

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

property at 107 Cass St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Now

107 Cass St, Unit Condo 2

107 Cass 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.

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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

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 Jul 1

1788 St Joseph St

Traverse CityMI49696
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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
  • Utilities Included

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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Brookside Commons
1 to 3 Bedroom Apartments

Brookside Commons

4155 Sprucewood DrTraverse City, MI 49684
  • Utilities Included
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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

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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Showing Results 1-37, Page 1 of 1

Traverse City, MI Local Guide

Cheapest Neighborhoods for Apartments in Traverse City, MI

Pricing Updated: 05/31/2026

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$1,880$41911

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 $419. Riverview Terrace in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $744. Here is today’s list of the most affordable Traverse City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Annika PlaceOne Bedroom1BR,1BA$419
Riverview Terrace1 Bedroom R1BR,1BA$744
Oak Terrace1 BEDROOM1BR,1BA$796
Brookside CommonsThree Bedroom3BR,2BA$1,213
Harbour Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1,285
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1,300
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1,374
Townline FlatsTownline 1 Bedroom Apartments1BR,1BA$1,540
Eagle Ridge Apartment HomesOne Bedroom End1BR,1BA$1,675
Edge 72Traveler1BR,1BA$1,687

Best Value Apartments for Rent in Traverse City, MI

As of May 31, 2026 the best value apartment in the Traverse City area is the $1.65 price per square foot Ottawa Model at Liv East Bay in the starting from $3,445. The second greatest value Traverse City apartment is the 2/2.5 Model at Brookside Village Apartments starting at $1,725 with a $1.25 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 BayOttawa5BR,2.5BA$1.65
Brookside Village Apartments2/2.52BR,2.5BA$1.25
Manitou Woods3BD/2.5BA3BR,2.5BA$1.52
Ridge45 ApartmentsLongitude South2BR,2BA$1.64
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Village Glen ApartmentsTwo Bed Two Bath2BR,2BA$1.36
Harbour Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.61
Pine Hills and Cedar Hills Apartments1 Bedroom 1 Bath1BR,1BA$1.86
Annika PlaceOne Bedroom1BR,1BA$0.61
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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Traverse City, MI

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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 $419 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 $1,227 at Brookside Commons.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.