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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 $600 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Traverse City.
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$857 - $1,5721 to 3 Bedroom Apartments Available Now
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
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$1,0001 Bedroom Apartments Available Now
Pine Hills and Cedar Hills Apartments
6444 Cedar RunTraverse City, MI 49684
145 E Front St
Traverse CityMI49684
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$1,120 - $1,7551 to 2 Bedroom Apartments Available Now
Harbour Ridge Apartments
3686 Matador WTraverse City, MI 49684
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$1,199 - $1,349Studio Apartments Available Now
Studio's at The Vic
461 Munson AveTraverse City, MI 49686
2276 S M-37, Unit 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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$1,200 - $1,6501 to 2 Bedroom Apartments Available Now
Garfield Oaks
3011 Garfield Rd NTraverse City, MI 49686
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Studio to 2 Bedroom Apartments
The Flats at Carriage Commons
1389 Carriage View LnTraverse City, MI 49686
3846 N Four Mile Rd
Traverse CityMI49686
314 E Pine St
CadillacMI49601
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.
Showing Results 1-14, Page 1 of 1
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 | $1,299 | $1,199 | $1,725 |
| Cheap Traverse City 1 Bedroom Apartments | $1,603 | $694 | $2,560 |
| Cheap Traverse City 2 Bedroom Apartments | $1,921 | $818 | $3,302 |
| Cheap Traverse City 3 Bedroom Apartments | $2,476 | $1,154 | $3,249 |
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: 12/29/2025Current 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 | $1,495 | $694 | 24 |
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. Bay Hill I in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $944. 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 |
| Bay Hill I | 1A | 1BR,1BA | $944 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,000 |
| Studio's at The Vic | King | Studio,1BA | $1,199 |
| Garfield Oaks | One Bed One Bath | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Traverse City, MI
As of December 29, 2025 the best value apartment in the Traverse City area is the $1.82 price per square foot Explorer Model at Edge 72 in the starting from $1,925. The second greatest value Traverse City apartment is the Two Bedroom Model at Brookside Commons starting at $1,227 with a $1.20 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. |
|---|---|---|---|
| Edge 72 | Explorer | 2BR,2BA | $1.82 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.74 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
| Ruth Park | Two Bedroom | 2BR,1BA | $1.70 |
| Emerald Creek Apartments | The Harbor | 2BR,1BA | $1.87 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $1.85 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.43 |
| Bay Hill I | 1A | 1BR,1BA | $1.43 |
| Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
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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The 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.
Read ArticleQuick Rent Budget Calculator
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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
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
What is a cheap apartment in Traverse City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Traverse City is under $1,430.
What is the price of a cheap apartment in Traverse City?
The cheapest apartment in Traverse City is Parkview Apartments which is listed at $694, while the average apartment in Traverse City costs $1,495.
What types of apartments are the cheapest in Traverse City?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Traverse City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Traverse City?
Cheap apartments in Traverse City have an average cost of $960 which is $535 cheaper than the average rent for all rentals in Traverse City.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!