314 E Pine St
CadillacMI49601
Cheap Homes for Rent in Traverse City, MI from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Traverse City.
410 Ramsdell St, Unit 410.5 Upstairs
410 Ramsdell St
ManisteeMI49660
107 Cass St, Unit Condo 2
107 Cass St
Traverse CityMI49684
2276 S M-37, Unit B
2276 S M-37
Traverse CityMI49685
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
124 Beech St
Traverse CityMI49684
1596 Lake St
RoscommonMI48653
4095 Geranium Ln
Traverse CityMI49685
1788 St Joseph St
Traverse CityMI49696
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.
Showing Results 1-8, Page 1 of 1
Traverse City, MI Local Guide
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 | $1,813 | $900 | $3,000 |
| Traverse City 3 Bedroom Homes for Rent | $2,976 | $1,539 | $6,500 |
| Traverse City 4 Bedroom Homes for Rent | $4,316 | $2,300 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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: 06/12/2026Current 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 | $1,750 | $694 | 7 |
Cheapest Available Traverse City Apartments for Rent
The cheapest available apartment rental in Traverse City, MI is a 1 Bed unit found at Oak Terrace priced from $796. Brookside Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,227. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1,227 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Traverse City, MI
As of June 12, 2026 the best value apartment in the Traverse City area is the $1.52 price per square foot 3BD/2.5BA Model at Manitou Woods in the starting from $2,025. The second greatest value Traverse City apartment is the Longitude South Model at Ridge45 Apartments starting at $1,815 with a $1.64 price per square foot . 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. |
|---|---|---|---|
| Manitou Woods | 3BD/2.5BA | 3BR,2.5BA | $1.52 |
| Ridge45 Apartments | Longitude South | 2BR,2BA | $1.64 |
| Townhouse Lane | Townhouse Ln | 2BR,1.5BA | $1.29 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.36 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.87 |
| Edge 72 | Traveler | 1BR,1BA | $1.92 |
| 13425 S Bugai Rd, Unit 1 | 13425 S Bugai Rd | 2BR,1BA | $1.41 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.86 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 (351)
9 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 105 Apartments for Rent in Traverse City, MI with pricing that ranges from $694 to $3,495. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traverse City ranging from $900 to $10,500.
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 $10,500 with an average monthly rent of $2,613.
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 $1,154 to $3,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,539 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,775.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.