314 E Pine St
CadillacMI49601
Cheap Homes for Rent in Traverse City, MI from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Traverse City.
4210 Mitchell Creek Dr, Unit 6
4210 Mitchell Creek Dr
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.
4251 3 Mile Rd
SearsMI49679
2276 S M-37, Unit B
2276 S M-37
Traverse CityMI49685
65 Greer Dr
Traverse CityMI49685
262 N Townline Rd
GaylordMI49735
4202 Mitchell Creek Dr
Traverse CityMI49686
When Life Happens: Your Options for Ending a Rental Lease Early
Unexpected life events can force you to break your lease. Learn how to communicate with your landlord, negotiate a solution, and understand your legal options for early termination.
31 S West Silver Lake Rd
Traverse CityMI49685
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3814 Maid Marian Ln
Traverse CityMI49686
8920 W 30 Rd
HarriettaMI49638
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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 | $2,016 | $900 | $3,000 |
| Traverse City 3 Bedroom Homes for Rent | $2,498 | $1,200 | $3,850 |
| Traverse City 4 Bedroom Homes for Rent | $4,300 | $2,400 | $6,500 |
| Traverse City 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
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: 08/01/2025Current 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 | $4,000 | $1,950 | 9 |
Cheapest Available Traverse City Apartments for Rent
The cheapest available apartment rental in Traverse City, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. The Flats at Carriage Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,081. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ruth Park | Two Bedroom | 2BR,1BA | $454 |
| The Flats at Carriage Commons | One Bedroom | 1BR,1BA | $1,081 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $1,597 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1BA | $1,600 |
Best Value Apartments for Rent in Traverse City, MI
As of August 01, 2025 the best value apartment in the Traverse City area is the $1.98 price per square foot Single Family Home Model at Woodbury Estates - SINGLE FAMILY HOMES in the starting from $2,399. The second greatest value Traverse City apartment is the 516 Washington St Model at 516 Washington St, Unit 2 starting at $2,500 with a $2.08 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. |
|---|---|---|---|
| Woodbury Estates - SINGLE FAMILY HOMES | Single Family Home | 3BR,2BA | $1.98 |
| 516 Washington St, Unit 2 | 516 Washington St | 2BR,1.5BA | $2.08 |
| Ruth Park | Three Bedroom | 3BR,2BA | $1.61 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
| Legends Morgan Farms | Harbor | 1BR,1BA | $2.08 |
| Chelsea Park West | Arcadia Bay | 1BR,1BA | $2.22 |
| West End Lofts | A1 Furnished | 1BR,1BA | $3.68 |
| The Flats at Carriage Commons | Studio | Studio ,1BA | $2.19 |
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Frequently Asked Questions about Traverse City
What type of rentals are currently available in Traverse City?
There are currently 95 Apartments for Rent in Traverse City, MI with pricing that ranges from $861 to $3,800. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traverse City ranging from $900 to $6,500.
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 $6,500 with an average monthly rent of $2,599.
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 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.
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.