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Low Income Apartments for Rent in Traverse City, MI
9 Rentals
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2 BEDS$440Ruth Park
520 Wellington St, Traverse City, MI 49686 -
Call for RentBrookside Commons
4155 Sprucewood Dr, Traverse City, MI 49684
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Traverse City, MI Income Restricted Apartments for Rent
Browse a wide selection of low-income apartments for rent in Traverse City. If you're searching for affordable apartments to fit your budget, it's important to be aware of the opportunities available to you. There are a variety of programs that may be accepted by low-income communities. Some might take part in the Low-Income Housing Credit Program, or Section 42, while others might accept vouchers through the Housing Choice Voucher Program, or Section 8. Since these programs are different, call the apartment community you’re interested in and ask which program they participate in.
Before you apply for an income restricted apartment, make sure you qualify for Section 8 housing in Traverse City by contacting the local public housing agency, or PHA. You must meet certain requirements based on the area median income, or AMI, and that amount varies depending on location. Section 8 housing is often more difficult to find than other affordable housing programs since properties must meet certain guidelines to qualify for the program, and not all properties accept Section 8 vouchers.
There are 3 income-restricted apartments available in Traverse City. To find out if the apartment community you’re interested in accepts Section 8, look at their requirements or call the property directly and ask.
Renting in Traverse City
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- 1 Bedroom 746 Sq Ft $1,399 / mo
- 2 Bedrooms 1,027 Sq Ft $1,735 / mo
- 3 Bedrooms 1,205 Sq Ft $1,898 / mo
- 4 Bedrooms 1,223 Sq Ft $1,682 / mo
Top Budget-Friendly Neighborhoods in Traverse City
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Michigan Northwest Area 747 Sq Ft $1,415/mo
- Downtown Traverse City 751 Sq Ft $1,609/mo
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Traverse City Apartments for Rent in Your Budget
- Apartments with Move-In Specials in Traverse City, MI
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Note: Based on community-supplied data and independent market research. Subject to change without notice.