Cheap Apartments for Rent in the Downtown Traverse City Neighborhood of Traverse City, MI from $400 (13 Rentals)

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

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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Tradewinds Terrace
1 to 4 Bedroom Apartments

Tradewinds Terrace

851 Fitzhugh DrTraverse City, MI 49684
  • 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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Ruth Park
1 to 3 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
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Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
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Boardman Lake
1 to 4 Bedroom Apartments

Boardman Lake

2960 Feiger LnTraverse 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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TC Lofts
1 to 2 Bedroom Apartments

TC Lofts

340 E State StTraverse City, MI 49684
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Building 800
Studio Apartments

Building 800

800 Cottageview DrTraverse City, MI 49684

Downtown Traverse City, Traverse City, MI Local Guide

Cheapest Available Downtown Traverse City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Traverse City area of Traverse City, MI is a 1 Bed unit found at Parkview Apartments priced from $694. Annika Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,431. Here are the most affordable Downtown Traverse City apartments for rent in Traverse City, MI:

Apartment ListingModel NameBed/BathPriced From
Parkview ApartmentsOne bedroom1BR,1BA$694
Annika PlaceTwo Bedroom2BR,1BA$1,431
Boardwalk Suites and Residences by Kasa1 Bed, 1 bath1BR,1BA$1,550
Lake Pointe VillageAspen1BR,1BA$1,585
Ruth ParkTwo Bedroom2BR,1BA$1,648

Best Value Apartments for Rent in Downtown Traverse City, MI

As of September 13, 2025 the best value apartment in the Downtown Traverse City area is the $2.29 price per square foot 226 E Sixteenth St Model at 226 E Sixteenth St, Unit D2 in the in the Downtown Traverse City neighborhood starting from $3,900. The second greatest value Downtown Traverse City apartment is the Two Bedroom Model at Annika Place starting at $1,431 with a $1.56 price per square foot in the Downtown Traverse City neighborhood. Here is today’s list of the best values for Downtown Traverse City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
226 E Sixteenth St, Unit D2226 E Sixteenth St2BR,2BA$2.29
Annika PlaceTwo Bedroom2BR,1BA$1.56
Ruth ParkTwo Bedroom2BR,1BA$1.90
Lake Pointe VillageAspen1BR,1BA$2.26
West End LoftsA1 - Courtyard View1BR,1BA$3.01
Parkview ApartmentsOne bedroom1BR,1BA$1.06

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Pet Friendly Lifestyle
Downtown Traverse City, Traverse City, MI

Ranked #1

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Downtown Traverse City Neighborhood in Traverse City, MI

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Downtown Traverse City Apartments

How much is rent for a Cheap One Bedroom Downtown Traverse City Apartment?

The lowest price for a Cheap One Bedroom Downtown Traverse City Apartment is $694 at Parkview Apartments.

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.

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.