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5+ Days Ago
Highlights
Pet Friendly
Location
1240 Oak Terrace Dr, Traverse City, MI 49686, USA
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Property management
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Floor plans
| 1 Bdr | 1 bed | 1 bath | 600 sqft | 1 Bedroom Barrier free | ||
| 1 Bdr | 1 bed | 1 bath | 600 sqft | 1 Bedroom Barrier free |
Amenities for Oak Terrace
Apartment Amenities
| Air Conditioning | Gas Included |
| Heat Included | Resident Pays Electricity |
| Unfurnished | Water Included |
Appliances
| Garbage Disposal | Range |
Building
| Cats OK | Dogs OK |
| Small Dogs Allowed |
Grounds
| Storage |
Other
| 12 Months |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Building details
Property details
| Year built | 1986 |
|---|---|
| Units | 48 |
| Lease terms | 12+ months |
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About Oak Terrace
Oak Terrace Apartments in beautiful Traverse City has an available one bedroom apartment (income based). Basic rent runs between 484 and 711 and the security deposit will equal the monthly amount you qualify for rent. This includes heat, trash, sewer/water. Enjoy a spacious living room with an attached kitchen and bedroom that out looks the nature. The entire apartment is 600 square feet and has an extra storage for your personal belongings! Let Oak Terrace be the next place you call home! This institution is an equal opportunity provider. Accepts Section 8.
Year Built: 1986
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Available rentals nearby
Rent trends in Traverse City
Median rents as of May 23 2026.
Traverse City
| Month | Median Rent |
|---|---|
| August 2024 | $1,450 |
| September 2024 | $1,450 |
| December 2024 | $1,109 |
| January 2025 | $1,051 |
| February 2025 | $1,082 |
| March 2025 | $1,176 |
| April 2025 | $1,082 |
| May 2025 | $1,086 |
| June 2025 | $1,075 |
| July 2025 | $997 |
| August 2025 | $1,051 |
| September 2025 | $1,101 |
| October 2025 | $1,402 |
| November 2025 | $1,416 |
| December 2025 | $1,408 |
| January 2026 | $1,450 |
| February 2026 | $1,191 |
| March 2026 | $1,148 |
| April 2026 | $1,148 |
| May 2026 | $1,148 |
Schools near Oak Terrace
Traverse Heights Elementary School
933 rose st
traverse city, MI, 49686
PK, K-5Public
B-
North EdNew Horizons
933 rose st
traverse city, MI, 49686
PK, K-12Public
TCAPS Montessori School
1009 s oak st
traverse city, MI, 49684
PK, K-8Public
A-
Traverse City High School
3962 3 mile rd n
traverse city, MI, 49686
PK, 9-12Public
C+
Northwest Education Services - Bridgeway
301 s garfield ave
traverse city, MI, 49686
PK, K-12Public
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Internet available near Oak Terrace
Getting around Traverse City near 1240 Oak Terrace Dr
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 1240 Oak Terrace Dr, Traverse City
Groceries
5/10
The nearest general grocery store is within a 15-minute walk, and there are also a few specialist food stores nearby.
Shopping
4/10
Some fashion stores are within walking distance.
Cafes
5/10
The closest café is within a 10-minute walk, and there are a few other cafés within walking distance.
Restaurants
4/10
Some restaurants are within walking distance.
Primary schools
1/10
There are no elementary schools within a 30-minute walk.
High schools
1/10
There are no high schools within a 30-minute walk.
Nightlife
3/10
The closest bar is within a 10-minute walk. There are few or no other bars within walking distance.
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