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Apartments for Rent in Traverse City, MI under $500

Apartments for Rent in Traverse City, MI under $500. 3 Rentals Available
3 Rentals Available
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  • A large apartment complex with multiple buildings and a flag on the front.
    1 bd $419
    2 bd $468
    Base rent Income restricted
    Verified Listing

    4.0 (9)
    947 South Garfield Ave, Traverse City, MI 49686
  • A living room with a green chair, a brown couch, and a television mounted on the wall.
    3 bd $400
    Base rent
    Verified Listing

    621 Grant Street, Traverse City, MI 49686
    Apply online • Pet friendly
2-0-city
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Frequently asked questions

When were prices and availability in Traverse City, MI last updated?

Prices and availability in Traverse City, MI were last updated on 4 Jun 2026.

What are the best apartments in Traverse City, MI?

The best apartments in Traverse City, MI are: Eagle Ridge Apartment Homes, Breakwater, Brookside Commons, Annika Place II and Sugar Plum Apartments.

What type of rental buildings are in Traverse City, MI?

In Traverse City, 36% of the residents are renting compared to 64% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Traverse City's rentals, 56% are small-scale complexes with under 50 units, and 31% are single-family rentals.