
Cheap Apartments for Rent in the Downtown Traverse City Neighborhood of Traverse City, MI from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Traverse City area of Traverse City.


Lake Pointe Village

Harbour Ridge Apartments
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.

Bay Hill I
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.
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 | $1,648 | $694 | $2,474 |
Downtown Traverse City 2 Bedroom Apartments | $2,215 | $818 | $3,900 |
Downtown Traverse City 3 Bedroom Apartments | $1,293 | $1,157 | $1,429 |
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
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parkview Apartments | One bedroom | 1BR,1BA | $694 |
Annika Place | Two Bedroom | 2BR,1BA | $1,431 |
Boardwalk Suites and Residences by Kasa | 1 Bed, 1 bath | 1BR,1BA | $1,550 |
Lake Pointe Village | Aspen | 1BR,1BA | $1,585 |
Ruth Park | Two Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
226 E Sixteenth St, Unit D2 | 226 E Sixteenth St | 2BR,2BA | $2.29 |
Annika Place | Two Bedroom | 2BR,1BA | $1.56 |
Ruth Park | Two Bedroom | 2BR,1BA | $1.90 |
Lake Pointe Village | Aspen | 1BR,1BA | $2.26 |
West End Lofts | A1 - Courtyard View | 1BR,1BA | $3.01 |
Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
Quick Rent Budget Calculator
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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
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 $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.

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.

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.

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.

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.