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Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
Cheap Apartments for Rent in the Downtown Traverse City Neighborhood of Traverse City, MI from $400 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Traverse City area of Traverse City.
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from $975Studio Apartment Available Now
947 Woodmere Ave, Unit B
947 Woodmere AveTraverse City, MI 49686
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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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Downtown Traverse City, 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 Downtown Traverse City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Traverse City Studio Apartments | $1,125 | $975 | $1,275 |
| Downtown Traverse City 1 Bedroom Apartments | $1,639 | $861 | $2,560 |
| Downtown Traverse City 2 Bedroom Apartments | $2,132 | $1,029 | $6,000 |
| Downtown Traverse City 3 Bedroom Apartments | $2,097 | $1,157 | $2,650 |
Browse Apartments in this Neighborhood
There are currently 5 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
- Nearby Cities
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- School Districts
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 Legends Morgan Farms priced from $1,767. Chelsea Park West has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,773. Here are the most affordable Downtown Traverse City apartments for rent in Traverse City, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legends Morgan Farms | Harbor | 1BR,1BA | $1,767 |
| Chelsea Park West | Beech | 2BR,2BA | $1,773 |
| Ruth Park | Three Bedroom | 3BR,2BA | $1,800 |
Best Value Apartments for Rent in Downtown Traverse City, MI
As of June 16, 2025 the best value apartment in the Downtown Traverse City area is the $1.61 price per square foot Three Bedroom Model at Ruth Park in the in the Downtown Traverse City neighborhood starting from $1,800. The second greatest value Downtown Traverse City apartment is the Solstice South IV Model at Ridge45 Apartments starting at $1,865 with a $1.69 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. |
|---|---|---|---|
| Ruth Park | Three Bedroom | 3BR,2BA | $1.61 |
| Ridge45 Apartments | Solstice South IV | 2BR,2BA | $1.69 |
| Chelsea Park West | Beech | 2BR,2BA | $1.74 |
| West End Lofts | A5A | 1BR,1BA | $2.42 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $2.30 |
| 947 Woodmere Ave, Unit B | 947 Woodmere Ave | Studio ,1BA | $3.55 |
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Pet Friendly LifestyleDowntown Traverse City, Traverse City, MI
Ranked #1
Among neighborhoods in Traverse City, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,767 at Legends Morgan Farms.
What is the lowest price for a Cheap Two Bedroom Downtown Traverse City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Traverse City is starting from $1,773 at Chelsea Park West.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.