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Apartments for Rent in Traverse, MI under $500

Apartments for Rent in Traverse, MI under $500. 4 Rentals Available
4 Rentals Available
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  • a living room with couches and chairs and a table
    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

Frequently asked questions

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

Prices and availability in Traverse, MI were last updated on 3 Jun 2026.

What are the best apartments in Traverse, MI?

The best apartments in Traverse, MI are: Annika Place II, Bayview of Traverse City, Breakwater, Annika Place and Ruth Park.

What type of rental buildings are in Traverse, MI?

In Traverse 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 13% of Traverse's apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 50 units, and 21% are single-family rentals.