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Rent Specials
$694 - $1,2951 to 2 Bedroom Apartments Available Now
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 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Traverse City area of Traverse City.
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$857 - $1,5721 to 3 Bedroom Apartments Available Now
Bay Hill I
600 Bay Hill DrTraverse City, MI 49684
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Rent Specials
$1,160 - $1,8301 to 2 Bedroom Apartments Available Now
Harbour Ridge Apartments
3686 Matador WTraverse 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.
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$1,170 - $1,6751 to 3 Bedroom Apartments Available Now
Ruth Park
520 Wellington StTraverse City, MI 49686
621 Grant St
Traverse CityMI49686
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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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1 to 4 Bedroom Apartments
Tradewinds Terrace
851 Fitzhugh DrTraverse City, MI 49684
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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 1 Bedroom Apartments | $1,580 | $857 | $2,560 |
| Downtown Traverse City 2 Bedroom Apartments | $1,936 | $997 | $3,302 |
| Downtown Traverse City 3 Bedroom Apartments | $1,519 | $1,154 | $1,675 |
Browse Apartments in this Neighborhood
There are currently 7 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 Parkview Apartments priced from $694. Bay Hill I has the second lowest priced unit, which is a 2 Beds apartment currently listed from $997. Here are the most affordable Downtown Traverse City apartments for rent in Traverse City, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Bay Hill I | 2C | 2BR,1BA | $997 |
| Harbour Ridge Apartments | One Bed One Bath | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in Downtown Traverse City, MI
As of January 28, 2026 the best value apartment in the Downtown Traverse City area is the $1.06 price per square foot 2C Model at Bay Hill I in the in the Downtown Traverse City neighborhood starting from $997. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bay Hill I | 2C | 2BR,1BA | $1.06 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
| West End Lofts | A3 | 1BR,1BA | $2.68 |
| Parkview Apartments | One bedroom | 1BR,1BA | $0.95 |
| Ruth Park | One Bedroom | 1BR,1BA | $1.80 |
| Harbour Ridge Apartments | One Bed One Bath | 1BR,1BA | $2.56 |
| 807 E State St, Unit 1 | 807 E State St | 1BR,1BA | $3.75 |
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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The 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.
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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
3.5Pet Friendly
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.
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 $818 at Parkview Apartments.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.