
Cheap Apartments for Rent in Traverse City, MI from $463 with Washer/Dryer (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Traverse City.


Ruth Park

Parkview Apartments

Harbour Ridge Apartments

2276 S M-37, Unit B
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Lake Pointe Village

Ridge45 Apartments

West End Lofts

Townhouse Lane

Manitou Woods
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.

The Flats at Carriage Commons

Garfield Oaks

Liv Arbors

Copper Village Apartments

Trailside45 Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

602 Saunders Rd SE

14690 W Pine Lake Rd
Traverse City, MI Local Guide

How much does it cost to rent an apartment in Traverse City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Traverse City Studio Apartments | $1,368 | $1,275 | $1,596 |
| Traverse City 1 Bedroom Apartments | $1,617 | $463 | $2,595 |
| Traverse City 2 Bedroom Apartments | $1,952 | $498 | $3,348 |
| Traverse City 3 Bedroom Apartments | $2,305 | $520 | $3,571 |
| Traverse City 4 Bedroom Apartments | $2,939 | $2,699 | $3,195 |
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
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Traverse City, MI
Westwoods Elementary School
Tcaps Montessori School
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 the price of a cheap apartment in Traverse City?
The cheapest apartment in Traverse City is Riverview Terrace which is listed at $50, while the average apartment in Traverse City costs $1,470.
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 6 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 $323 which is $1,147 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 Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.