314 E Pine St
CadillacMI49601
Cheap Homes for Rent in Traverse City, MI from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Traverse City.
2276 S M-37, Unit B
2276 S M-37
Traverse CityMI49685
4649 Primrose Ln
Traverse CityMI49685
4652 Meadow Lane Dr
Traverse CityMI49685
832 Calla Lilly Ln
Traverse CityMI49685
282 W South Airport Rd
Traverse CityMI49686
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.
4210 Lady Slipper Ln
Traverse CityMI49685
65 Greer Dr
Traverse CityMI49685
4573 Springcress Ln
Traverse CityMI49685
3797 E Hammond Rd
Traverse CityMI49686
3765 Emily Ln
Traverse CityMI49686
619 E Eighth St
Traverse CityMI49686
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.
100 Hope St
Traverse CityMI49686
Showing Results 1-13, Page 1 of 1
Traverse City, MI Local Guide
Mission Peninsula by Jim Sorbie is licensed under CC BY 2.0
How much does it cost to rent a home in Traverse City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Traverse City 2 Bedroom Homes for Rent | $1,791 | $900 | $2,500 |
| Traverse City 3 Bedroom Homes for Rent | $2,572 | $1,379 | $5,000 |
| Traverse City 4 Bedroom Homes for Rent | $2,798 | $2,059 | $4,000 |
Browse Top Homes for Rent in Traverse City
Explore Traverse City
Traverse City, MI Local Guide
- Traverse City Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Traverse City, MI
Pricing Updated: 11/03/2025Current apartment rentals in the Traverse City, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Traverse City Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Traverse City | $1,635 | $694 | 15 |
Cheapest Available Traverse City Apartments for Rent
The cheapest available apartment rental in Traverse City, MI is a 1 Bed unit found at Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Pine Hills and Cedar Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,200 |
| Garfield Oaks | One Bed One Bath | 1BR,1BA | $1,200 |
| Annika Place | One Bedroom | 1BR,1BA | $1,222 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
Best Value Apartments for Rent in Traverse City, MI
As of November 03, 2025 the best value apartment in the Traverse City area is the $1.45 price per square foot Three Bedroom Townhome Model at Edge 72 in the starting from $2,716. The second greatest value Traverse City apartment is the 917 S Division St Model at 917 S Division St, Unit C starting at $1,900 with a $1.46 price per square foot in the Downtown Traverse City neighborhood. Here is today’s list of the best values for Traverse City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Edge 72 | Three Bedroom Townhome | 3BR,2.5BA | $1.45 |
| 917 S Division St, Unit C | 917 S Division St | 3BR,1.5BA | $1.46 |
| Ridge45 Apartments | Longitude South IV | 2BR,2BA | $1.72 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Harbour Ridge Apartments | Two Bed One Bath w/heat | 2BR,1BA | $1.31 |
| Lake Pointe Village | Driftwood | 2BR,2BA | $1.61 |
| The Flats at Carriage Commons | Two Bedroom | 2BR,2BA | $1.73 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $1.84 |
| Annika Place | One Bedroom | 1BR,1BA | $1.79 |
| Parkview Apartments | One bedroom | 1BR,1BA | $1.06 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 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.
Let everyone know!
Do you know the Traverse City area?
If you’re an expert on all things Traverse City, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Traverse City, MI
Tcaps Montessori School
Traverse City Area Public Schools
Public School - Grades PK-8 (307)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Traverse City, MI Rentals by Map
See the most popular apartments and homes in Traverse City, MI
Frequently Asked Questions about Traverse City
What type of rentals are currently available in Traverse City?
There are currently 94 Apartments for Rent in Traverse City, MI with pricing that ranges from $694 to $3,403. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traverse City ranging from $900 to $5,000.
What is the current price range for Rental Homes in Traverse City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Traverse City ranges from $900 to $5,000 with an average monthly rent of $2,152.
How much are larger Three and Four Bedroom Rentals in Traverse City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Traverse City range from $1,157 to $3,403, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,379 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,059 and Four Bedroom Apartments start at $2,300.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.