
Cheap Apartments for Rent in Traverse City, MI from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Traverse City.


Harbour Ridge Apartments

Lake Pointe Village

Sugar Plum Apartments

Pine Hills and Cedar Hills Apartments
Traverse City, MI Local Guide

How much does it cost to rent an apartment in Traverse City?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Traverse City Studio Apartments | $1,416 | $1,355 | $1,605 |
Cheap Traverse City 1 Bedroom Apartments | $1,534 | $861 | $2,426 |
Cheap Traverse City 2 Bedroom Apartments | $1,952 | $1,029 | $3,186 |
Cheap Traverse City 3 Bedroom Apartments | $2,322 | $1,157 | $3,227 |
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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: 03/04/2025Current 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 | $2,160 | $861 | 4582 |
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 $1,073. Sugar Plum 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 |
---|---|---|---|
Ruth Park | Two Bedroom | 2BR,1BA | $1,073 |
Sugar Plum Apartments | 1bdm | 1BR,1BA | $1,200 |
Pine Hills and Cedar Hills Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1,200 |
Best Value Apartments for Rent in Traverse City, MI
As of March 04, 2025 the best value apartment in the Traverse City area is the $1.88 price per square foot Terrace Estates Condos Model at Terrace Bluff Condominiums in the in the Downtown Traverse City neighborhood starting from $2,400. The second greatest value Traverse City apartment is the Three Bedroom Model at Brookside Commons starting at $1,485 with a $1.18 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. |
---|---|---|---|
Terrace Bluff Condominiums | Terrace Estates Condos | 3BR,2BA | $1.88 |
Brookside Commons | Three Bedroom | 3BR,1BA | $1.18 |
103 E Eighth St, Unit ATT #2 | 103 E Eighth St | 2BR,1BA | $1.83 |
Ridge45 Apartments | Solstice South IV | 2BR,2BA | $1.64 |
3828 Vale Dr, Unit 3828 Vale Drive | 3828 Vale Dr | 2BR,1BA | $1.40 |
Lake Pointe Village | Driftwood | 2BR,2BA | $1.56 |
Ruth Park | Two Bedroom | 2BR,1BA | $1.24 |
Eagle Ridge Apartment Homes | One Bedroom End | 1BR,1BA | $1.80 |
Pine Hills and Cedar Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.71 |
Sugar Plum Apartments | 1bdm | 1BR,1BA | $1.83 |
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Best Local Schools in Traverse City, MI
Tcaps Montessori School
School data provided by Great Schools
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Getting Around Traverse City, MI
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Traverse City Apartments
How much is rent for a Cheap One Bedroom Traverse City Apartment?
The lowest price for a Cheap One Bedroom Traverse City Apartment is $1,200 at Sugar Plum Apartments.
What is the lowest price for a Cheap Two Bedroom Traverse City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Traverse City is starting from $1,073 at Ruth Park.
What is the most affordable Traverse City Three Bedroom Apartment?
The best deal on a cheap Traverse City Three Bedroom Apartment rental is at Brookside Commons and starts from $1,485.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.