Cheap Apartments for Rent in 49686
50 rentals
Use arrow keys to navigateROOM FOR RENT0.6 ACRES- Use arrow keys to navigateROOM FOR RENT0.6 ACRES
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Use arrow keys to navigateINCOME RESTRICTED$1,095 - $1,623/mo
Studio-2 Beds
1-2 BathsFlats at Carriage Commons | 1389 Carriage View Ln #bd804a4b6,
Traverse City, MI 49686
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Use arrow keys to navigatePET FRIENDLY$1,275 - $2,240/moStudio-3 Beds1-2 BathsRidge45 Apartments | 1555 Ridge Blvd #821354,
Traverse City, MI 49686
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$1,600 - $1,900/mo2 Beds2 BathsHoliday Village Townhomes | 3835-3906 Vale Dr #11212072,
Traverse City, MI 49686
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PET FRIENDLY$2,275 - $2,775/mo2-3 Beds2 BathsPremier Place II | 1502-60 Simsbury St #1502-2,
Traverse City, MI 49686
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PET FRIENDLY$2,550 - $3,249/mo3-5 Beds3 BathsLiv East Bay | 1831 Brigantine Blvd #1156999,
Traverse City, MI 49686
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Average Rent Trends in 49686
Rent in 49686 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $2,500 |
| Aug 2025 | $2,300 |
| Sep 2025 | $2,350 |
| Oct 2025 | $2,000 |
| Nov 2025 | $1,800 |
| Dec 2025 | $1,800 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,800 |
| Mar 2026 | $1,800 |
| Apr 2026 | $1,756 |
| May 2026 | $1,950 |
| Jun 2026 | $2,500 |
Average Rent By Bedroom and Home Type
In June 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,475 | $1,880 | $2,700 | $3,145 | $2,600 |
| Townhomes | $1,400 | $1,700 | $2,000 | — | $1,700 |
| Apartments and Condos | $1,200 | $2,000 | $1,700 | $3,095 | $2,000 |
| Houses | — | $2,400 | $2,850 | $5,500 | $3,150 |
Frequently Asked Questions about Rentals in 49686
- What is the average rent of an apartment in 49686?The average rent of an apartment in 49686 is $1,944 per month. This is about 0% higher than the national average.
- What is the average rent of a house in 49686?The average rent of a house in 49686 is $3,150 per month. This is about 61% higher than the national average.
- What is the average rent of a townhome in 49686?The average rent of a townhome in 49686 is $1,700 per month. This is about 13% lower than the national average.
- When is the average rent cheapest in 49686?In the last year, the average rent in 49686 was lowest in Feb 2025 when it was $1,731 per month.
- When is the average rent most expensive in 49686?In the last year, the average rent in 49686 was highest in May 2025 when it was $2,500 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 49686?The average rent of a 1 bedroom apartment in 49686 is $1,475 per month. That is about $1,025 more than the cost of a studio apartment.
- How many available rental listings are in 49686?There are 55 available rental listings in 49686.
- What are some cities near 49686?Some nearby cities include: Traverse City, Williamsburg, Elk Rapids, Suttons Bay, Cedar, Rapid City. These cities may have more rental options to explore.