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$694 - $1,2951 to 2 Bedroom Apartments Contact Us For Availability
Parkview Apartments
1223 E Eighth StTraverse City, MI 49686
Cheap Apartments for Rent in the Downtown Traverse City Neighborhood of Traverse City, MI from $600 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Traverse City area of Traverse City.
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$744 - $1,1561 Bedroom Apartments Available Now
Riverview Terrace
150 Pine StTraverse City, MI 49684
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$857 - $1,5721 to 3 Bedroom Apartments Contact Us For Availability
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
853 E Front St
Traverse CityMI49686
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$1,160 - $1,7751 to 2 Bedroom Apartments Available Jun 19
Harbour Ridge Apartments
3686 Matador WTraverse City, MI 49684
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$1,255 - $1,9851 to 2 Bedroom Apartments Available Jul 24
Lake Pointe Village
1646 Maple Ridge WayTraverse City, MI 49686
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 4 Bedroom Apartments
Boardman Lake
2960 Feiger LnTraverse City, MI 49684
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1 to 4 Bedroom Apartments
Tradewinds Terrace
851 Fitzhugh DrTraverse City, MI 49684
323 W Twelfth St
Traverse CityMI49684
124 Beech St
Traverse CityMI49684
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Studio to 2 Bedroom Apartments
Trailside45 Apartments
630 S Garfield AveTraverse City, MI 49686
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1 to 2 Bedroom Apartments
The Tides
1510 Veterans DrTraverse City, MI 49684
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.
Showing Results 1-12, 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 1 Bedroom Apartments | $1,630 | $694 | $3,000 |
| Downtown Traverse City 2 Bedroom Apartments | $2,188 | $818 | $3,500 |
| Downtown Traverse City 3 Bedroom Apartments | $1,630 | $1,154 | $1,897 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 12 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 1 Bed unit found at Riverview Terrace priced from $744. Boardwalk Suites and Residences by Kasa has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,000. Here are the most affordable Downtown Traverse City apartments for rent in Traverse City, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
| Boardwalk Suites and Residences by Kasa | 1 Bed, 1 bath | 1BR,1BA | $2,000 |
| West End Lofts | A2 | 1BR,1BA | $2,059 |
Best Value Apartments for Rent in Downtown Traverse City, MI
As of April 29, 2026 the best value apartment in the Downtown Traverse City area is the $2.06 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 $3,500. The second greatest value Downtown Traverse City apartment is the A2 Model at West End Lofts starting at $2,059 with a $2.68 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 226 E Sixteenth St, Unit D2 | 226 E Sixteenth St | 2BR,2BA | $2.06 |
| West End Lofts | A2 | 1BR,1BA | $2.68 |
| Riverview Terrace | 1 Bedroom | 1BR,1BA | $2.31 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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
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.
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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
2.5Pet 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 Riverview Terrace which is listed at $744, while the average apartment in Downtown Traverse City costs $1,696.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.