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$1,297 - $3,348Studio to 2 Bedroom Apartments Available Now
West End Lofts
309 W Front StTraverse City, MI 49684
Cheap Apartments for Rent in the Downtown Traverse City Neighborhood of Traverse City, MI from $498 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Traverse City area of Traverse City.
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$1,255 - $2,0101 to 2 Bedroom Apartments Available Now
Lake Pointe Village
1646 Maple Ridge WayTraverse City, MI 49686
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$1,160 - $1,8801 to 2 Bedroom Apartments Available Now
Harbour Ridge Apartments
3686 Matador WTraverse City, MI 49684
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$999 - $1,6971 to 3 Bedroom Apartments Available Sep 24
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
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Rent Specials
$521 - $1,7551 to 2 Bedroom Apartments Available Now
Annika Place
947 S Garfield AveTraverse City, MI 49686
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$498 - $1,7801 to 3 Bedroom Apartments Available Now
Ruth Park
520 Wellington StTraverse City, MI 49686
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.
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Studio Apartments
Building 800
800 Cottageview DrTraverse City, MI 49684
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Studio to 2 Bedroom Apartments
Trailside45 Apartments
630 S Garfield AveTraverse City, MI 49686
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1 to 4 Bedroom Apartments
Tradewinds Terrace
851 Fitzhugh DrTraverse City, MI 49684
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1 to 2 Bedroom Apartments
The Tides
1510 Veterans DrTraverse City, MI 49684
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2 Bedroom Apartments
Bay Street Condominums
539 Bay StTraverse City, MI 49684
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1 to 4 Bedroom Apartments
Boardman Lake
2960 Feiger LnTraverse City, MI 49684
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.
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1 to 2 Bedroom Apartments
TC Lofts
340 E State StTraverse City, MI 49684
Showing Results 1-13, Page 1 of 1
Downtown Traverse City, Traverse City, MI Local Guide
How much does it cost to rent an apartment in Downtown Traverse City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Traverse City Studio Apartments | $1,484 | $1,297 | $1,596 |
| Downtown Traverse City 1 Bedroom Apartments | $1,654 | $950 | $2,508 |
| Downtown Traverse City 2 Bedroom Apartments | $1,829 | $498 | $3,348 |
| Downtown Traverse City 3 Bedroom Apartments | $1,336 | $520 | $1,780 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Traverse City Neighborhood of Traverse City, MI.
See all Apartments in Traverse CityExplore Traverse City
Downtown Traverse City, Traverse City, MI Local Guide
- Nearby Traverse City neighborhoods
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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 2 Beds unit found at Ruth Park priced from $498. Parkview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here are the most affordable Downtown Traverse City apartments for rent in Traverse City, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ruth Park | 2x1 | 2BR, 1BA | $498 |
| Parkview Apartments | One bedroom | 1BR, 1BA | $694 |
| Annika Place | 1 Bedroom 1 Bath | 1BR, 1BA | $1,290 |
| Lake Pointe Village | Birchwood I | 1BR, 1BA | $1,325 |
| Harbour Ridge Apartments | Two Bed One Bath w/heat | 2BR, 1BA | $1,335 |
Best Value Apartments for Rent in Downtown Traverse City, MI
As of September 22, 2026 the best value apartment in the Downtown Traverse City area is the $1.88 price per square foot Evergreen Model at Lake Pointe Village in the Downtown Traverse City neighborhood starting from $2,010. The second greatest value Downtown Traverse City apartment is the 2BR/2.0BA Model at The Tides in the Downtown Traverse City neighborhood starting at $2,000 with a $2.00 price per square foot. Here is today’s list of the best values for Downtown Traverse City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Pointe Village | Evergreen | 2BR, 2BA | $1.88 |
| The Tides | 2BR/2.0BA | 2BR, 2BA | $2.00 |
| Harbour Ridge Apartments | One Bed Den w/Garage | 1BR, 1BA | $1.64 |
| Annika Place | 2 Bedroom 1 Bath C | 2BR, 1BA | $1.91 |
| Ruth Park | 2x1 | 2BR, 1BA | $0.58 |
| Parkview Apartments | One bedroom | 1BR, 1BA | $0.95 |
| West End Lofts | A1 - Courtyard View | 1BR, 1BA | $3.05 |
| 1 Bed 1 Bath in Downtown Traverse City | 1BR/1.0BA | 1BR, 1BA | $2.94 |
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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Navigating 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.
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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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Pet Friendly LifestyleDowntown Traverse City, Traverse City, MI
Ranked #1
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Traverse City Apartments
What is the price of a cheap apartment in Downtown Traverse City?
The cheapest apartment in Downtown Traverse City is Parkview Apartments which is listed at $694, while the average apartment in Downtown Traverse City costs $1,460.
What types of apartments are the cheapest in Downtown 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 5 regular apartments in Downtown Traverse City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.