10396 22 Mile Rd
TustinMI49688
Cheap Homes for Rent in Traverse City, MI from $1,200 (8 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
438 Carleton St
PetoskeyMI49770
1312 Manistee St
ManisteeMI49660
124 Beech St
Traverse CityMI49684
515 N Lake St
CadillacMI49601
417 Evart St
CadillacMI49601
621 Riverine Dr
Traverse CityMI49684
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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 | $2,399 | $1,300 | $3,800 |
| Traverse City 3 Bedroom Homes for Rent | $2,761 | $1,600 | $4,500 |
| Traverse City 4 Bedroom Homes for Rent | $3,466 | $1,600 | $5,800 |
| Traverse City 5 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
Browse Top Homes for Rent in Traverse City
Explore Traverse City
Traverse City, MI Local Guide
- Traverse City Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Traverse City, MI
Pricing Updated: 04/18/2025Current 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 | 28 |
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 $405. 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 | $405 |
| Sugar Plum Apartments | 1bdm | 1BR,1BA | $1,200 |
| Annika Place | Two Bedroom | 2BR,1BA | $1,300 |
Best Value Apartments for Rent in Traverse City, MI
As of April 18, 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 2 Bedroom 2 Bathroom Townhome Model at Bayview of Traverse City starting at $2,556 with a $2.11 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 |
| Bayview of Traverse City | 2 Bedroom 2 Bathroom Townhome | 2BR,2BA | $2.11 |
| Woodbury Estates - SINGLE FAMILY HOMES | Single Family Home | 3BR,2BA | $1.98 |
| Ridge45 Apartments | Solstice South (Barrier Free) | 2BR,2BA | $1.63 |
| Holiday Village Townhomes | 2 BED/1.5 BATH | 2BR,1.5BA | $1.66 |
| Legends Morgan Farms | Leland | 1BR,1BA | $2.04 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.42 |
| Edge 72 | Traveler | 1BR,1BA | $1.87 |
| Ruth Park | Two Bedroom | 2BR,1BA | $0.47 |
| Sugar Plum Apartments | 1bdm | 1BR,1BA | $1.83 |
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Frequently Asked Questions about Traverse City
What type of rentals are currently available in Traverse City?
There are currently 96 Apartments for Rent in Traverse City, MI with pricing that ranges from $861 to $3,800. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traverse City ranging from $1,200 to $5,800.
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 $1,200 to $5,800 with an average monthly rent of $2,276.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.