Cheap Apartments for Rent in Traverse City, MI
93 rentals
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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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PET FRIENDLY$1,275 - $2,240/moStudio-3 Beds1-2 BathsRidge45 Apartments | 1555 Ridge Blvd #821354,
Traverse City, MI 49686
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PET FRIENDLY$1,450 - $5,490/moStudio-3 Beds0-4 BathsBreakwater | 155 Garland St #3262160,
Traverse City, MI 49684
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$1,600 - $1,900/mo2 Beds2 BathsHoliday Village Townhomes | 3835-3906 Vale Dr #11212072,
Traverse City, MI 49686
PET FRIENDLYTotal price$1,600 - $1,900/mo1-2 Beds1-2 BathsEagle Ridge Apartment Homes | 4760 Golden Eagle Cir #4548-31,
Traverse City, MI 49685
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Average Rent Trends in Traverse City, MI
Rent in Traverse City, MI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Jul 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $2,400 |
| Sep 2025 | $2,300 |
| Oct 2025 | $2,099 |
| Nov 2025 | $2,000 |
| Dec 2025 | $1,885 |
| Jan 2026 | $1,875 |
| Feb 2026 | $1,900 |
| Mar 2026 | $1,975 |
| Apr 2026 | $1,895 |
| May 2026 | $2,250 |
| Jun 2026 | $2,300 |
| Jul 2026 | $2,250 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,540 | $1,881 | $2,578 | $3,095 | $2,350 |
| Townhomes | $1,400 | $1,700 | $2,000 | $30,000 | $2,000 |
| Apartments and Condos | $1,200 | $1,950 | $2,000 | $3,095 | $1,800 |
| Houses | — | $2,400 | $2,633 | $3,800 | $2,633 |
Frequently Asked Questions about Rentals in Traverse City, MI
- What is the average rent of an apartment in Traverse City, MI?The average rent of an apartment in Traverse City, MI is $1,719 per month. This is about 12% lower than the national average.
- When is the average rent cheapest in Traverse City, MI?In the last year, the average rent in Traverse City, MI was lowest in Feb 2025 when it was $1,740 per month.
- When is the average rent most expensive in Traverse City, MI?In the last year, the average rent in Traverse City, MI was highest in Aug 2025 when it was $2,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Traverse City, MI?The average rent of a 1 bedroom apartment in Traverse City, MI is $1,540 per month. That is about $445 more than the cost of a studio apartment.
- How many available rental listings are in Traverse City, MI?There are 105 available rental listings in Traverse City, MI.
- What are some neighborhoods in Traverse City, MI?Some neighborhoods in Traverse City, MI include: Central, Greilickville, Chums Corner, Oak Park, Traverse Heights.
- What are some zip codes in Traverse City, MI?
- What are some cities near Traverse City, MI?Some nearby cities include: Williamsburg, Grawn, Cedar, Kingsley, Lake Ann. These cities may have more rental options to explore.
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