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$694 - $1,2951 to 2 Bedroom Apartments Available Now
Parkview Apartments
1223 E Eighth StTraverse City, MI 49686
Cheap Apartments for Rent in Traverse City, MI from $400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Traverse City.
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$861 - $1,4291 to 3 Bedroom Apartments Contact Us For Availability
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
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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$1,0001 Bedroom Apartments Available Oct 19
9237 Shorter Lake Rd
9237 Shorter Lake RdTraverse City, MI 49684
526 E Eighth St
Traverse CityMI49686
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621 Grant St
Traverse CityMI49686
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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.
314 E Pine St
CadillacMI49601
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Traverse City, MI Local Guide
Mission Peninsula by Jim Sorbie is licensed under CC BY 2.0
How much does it cost to rent an apartment in Traverse City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Traverse City Studio Apartments | $1,287 | $1,234 | $1,340 |
| Cheap Traverse City 1 Bedroom Apartments | $1,594 | $694 | $2,474 |
| Cheap Traverse City 2 Bedroom Apartments | $1,962 | $818 | $3,302 |
| Cheap Traverse City 3 Bedroom Apartments | $2,482 | $1,157 | $3,412 |
Browse Top Apartments in Traverse City
See all Apartments in Traverse CityExplore Traverse City
Traverse City, MI Local Guide
- Traverse City Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Traverse City, MI
Pricing Updated: 09/29/2025Current 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 | $1,717 | $694 | 13 |
Cheapest Available Traverse City Apartments for Rent
The cheapest available apartment rental in Traverse City, MI is a 1 Bed unit found at Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Pine Hills and Cedar Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,200 |
| Garfield Oaks | One Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Traverse City, MI
As of September 29, 2025 the best value apartment in the Traverse City area is the $1.62 price per square foot 917 S Division St Model at 917 S Division St, Unit C in the in the Downtown Traverse City neighborhood starting from $2,100. The second greatest value Traverse City apartment is the 3 Bed 2 Bath Condo Model at Terrace Bluff Condominiums starting at $2,400 with a $1.88 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. |
|---|---|---|---|
| 917 S Division St, Unit C | 917 S Division St | 3BR,1.5BA | $1.62 |
| Terrace Bluff Condominiums | 3 Bed 2 Bath Condo | 3BR,2BA | $1.88 |
| Ridge45 Apartments | Longitude South | 2BR,2BA | $1.72 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.46 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
| Ruth Park | Two Bedroom | 2BR,1BA | $1.90 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $1.96 |
| Pine Hills and Cedar Hills Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.87 |
| Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
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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
Getting Around Traverse City, MI
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $694 at Parkview Apartments.
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 $818 at Parkview Apartments.
What is the most affordable Traverse City Three Bedroom Apartment?
The best deal on a cheap Traverse City Three Bedroom Apartment rental is at Brookside Commons and starts from $1,485.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide
Written by: Amber Kanuckel
Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.