314 E Pine St
CadillacMI49601
Cheap Homes for Rent in Traverse City, MI from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Traverse City.
411 S Simon St
CadillacMI49601
2285 E Carriage Hill Dr
Traverse CityMI49686
323 W Twelfth St
Traverse CityMI49684
853 E Front St
Traverse CityMI49686
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.
2276 S M-37, Unit B, Unit B
2276 S M-37
Traverse CityMI49685
16665 Schofield Rd
HerseyMI49639
124 Beech St
Traverse CityMI49684
4170 Lilac Ln
Traverse CityMI49685
902 Washington St
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.
Showing Results 1-10, 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 | $2,471 | $900 | $7,500 |
| Traverse City 3 Bedroom Homes for Rent | $3,510 | $1,419 | $9,500 |
| Traverse City 4 Bedroom Homes for Rent | $4,100 | $3,200 | $5,000 |
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
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Traverse City, MI Local Guide
- Traverse City Neighborhoods
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Cheapest Neighborhoods for Apartments in Traverse City, MI
Pricing Updated: 04/26/2026Current 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 | $1,696 | $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 Riverview Terrace in the Downtown Traverse City neighborhood priced from $744. Oak Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $796. Here is today’s list of the most affordable Traverse City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
| Studio's at The Vic | King | Studio,1BA | $1,199 |
Best Value Apartments for Rent in Traverse City, MI
As of April 26, 2026 the best value apartment in the Traverse City area is the $1.64 price per square foot Longitude South Model at Ridge45 Apartments in the starting from $1,815. The second greatest value Traverse City apartment is the 2 Bedroom, 2 Bath Apartments Model at Bayview of Traverse City starting at $2,045 with a $1.98 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. |
|---|---|---|---|
| Ridge45 Apartments | Longitude South | 2BR,2BA | $1.64 |
| Bayview of Traverse City | 2 Bedroom, 2 Bath Apartments | 2BR,2BA | $1.98 |
| 4215 Manhattan E, Unit 4215 | 4215 Manhattan E | 3BR,1BA | $1.90 |
| 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 | $1.74 |
| 3311 Mahoney Dr, Unit 3311 | 3311 Mahoney Dr | 2BR,1BA | $1.72 |
| 4434 Manhattan W, Unit Apt. C | 4434 Manhattan W | 2BR,1BA | $1.61 |
| Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.86 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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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 104 Apartments for Rent in Traverse City, MI with pricing that ranges from $694 to $3,500. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traverse City ranging from $900 to $9,500.
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 $9,500 with an average monthly rent of $2,483.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.