
Cheap Homes for Rent in Downtown Traverse City Neighborhood of Traverse City, MI from $1,200 (5 Rentals)
Cheap Homes in the Downtown Traverse City area of Traverse City.


124 Beech St
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.

919 S Union St

309 Rose St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

601 Riverine Dr
Downtown Traverse City, Traverse City, MI Local Guide

How much does it cost to rent a home in Downtown Traverse City?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Traverse City 2 Bedroom Homes for Rent | $2,460 | $2,100 | $2,800 |
Downtown Traverse City 3 Bedroom Homes for Rent | $2,993 | $2,250 | $4,000 |
Downtown Traverse City 4 Bedroom Homes for Rent | $2,800 | $2,400 | $3,200 |
Browse Homes for Rent 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.
Explore 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 2 Beds unit found at Ruth Park priced from $405. Garfield Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. 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 | Two Bedroom | 2BR,1BA | $405 |
Garfield Oaks | 1 Bedroom | 1BR,1BA | $1,200 |
Chelsea Park West | Arcadia | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Downtown Traverse City, MI
As of May 08, 2025 the best value apartment in the Downtown Traverse City area is the $1.94 price per square foot Cedar Model at Chelsea Park West in the in the Downtown Traverse City neighborhood starting from $2,157. The second greatest value Downtown Traverse City apartment is the Longitude South Model at Ridge45 Apartments starting at $1,815 with a $1.64 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. |
---|---|---|---|
Chelsea Park West | Cedar | 2BR,2BA | $1.94 |
Ridge45 Apartments | Longitude South | 2BR,2BA | $1.64 |
Legends Morgan Farms | Leland | 1BR,1BA | $2.10 |
Ruth Park | Two Bedroom | 2BR,1BA | $0.47 |
West End Lofts | A4 | 1BR,1BA | $3.13 |
Garfield Oaks | 1 Bedroom | 1BR,1BA | $2.40 |
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Frequently Asked Questions about Downtown Traverse City
What type of rentals are currently available in Downtown Traverse City?
There are currently 45 Apartments for Rent in Downtown Traverse City, MI with pricing that ranges from $1,043 to $3,186. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Traverse City ranging from $1,295 to $4,000.
What is the current price range for Rental Homes in Downtown Traverse City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Traverse City ranges from $1,295 to $4,000 with an average monthly rent of $2,441.
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 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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.