• Primary Photo - Oak Terrace
  • Building Photo - Oak Terrace
  • Primary Photo - Oak Terrace
  • Building Photo - Oak Terrace

Oak Terrace

1240 Oak Terrace Dr, Traverse City, MI 49686

3.0 (1 review)

Property Rating

3.0
Good
Out of 5

3.0 Blended Score

See all 1 Renter Reviews

How Is This Rating Determined?

Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

3 Days Ago
| Edit
Edit Commute

Under 30 minutes

Commute Time is calculated at rush hour.
Share Listing
Favorites
Oak Terrace
Share Listing
Favorites

Pricing & Floor Plans

Check Back Soon for Upcoming Availability

Beds Baths Average SF Availability
1 Bedroom 1 Bedroom 1 Br 1 Bath 1 Bath 1 Ba 563 SF Not Available

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

  • Dogs
    • One-Time Pet Fee
      Max of 1. Charged per pet.
      $150
    35 lbs. Weight Limit

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Details

Utilities Included

  • Heat
  • Trash Removal

Property Information

  • Built in 1985
  • 48 units/1 story

About Oak Terrace

Consider living at Oak Terrace in Traverse City. This community can be found in Traverse City on Oak Terrace Dr. in the 49686 area. The leasing staff is waiting to show you all that this community has to offer. At this community, you'll experience access to a variety of amenities and features. These include: high-speed internet access, smoke free options, and convenient on-site parking options. Experience a new standard at Oak Terrace.

Oak Terrace is an apartment community located in Grand Traverse County and the 49686 ZIP Code. This area is served by the Traverse City Area Public Schools attendance zone.

Community Amenities

Fitness Center

Laundry Facilities

Maintenance on site

Gameroom

  • Laundry Facilities
  • Maintenance on site
  • Fitness Center
  • Gameroom

Apartment Features

Air Conditioning

High Speed Internet Access

Refrigerator

Disposal

  • High Speed Internet Access
  • Air Conditioning
  • Smoke Free
  • Sprinkler System
  • Wheelchair Accessible (Rooms)
  • Disposal
  • Kitchen
  • Refrigerator
  • Recreation Room
  • Linen Closet
Location Get Directions
City - Traverse City

Traverse City, nestled along Grand Traverse Bay, combines small-town atmosphere with modern conveniences. The rental market offers diverse options, with average rents ranging from $1,276 for studios to $1,904 for three-bedroom homes, showing annual increases between 2-7.8%. Downtown's historic buildings feature apartments and condominiums, while established neighborhoods like Central, Old Towne, and Slabtown offer single-family rental homes and duplexes. The walkable downtown area features independent shops and restaurants, with easy access to entertainment and dining options.

The city's location on Grand Traverse Bay provides year-round recreational opportunities, with the TART trail system connecting neighborhoods to parks and waterfront areas. Northwestern Michigan College and the Interlochen Center for the Arts contribute to the community's educational and cultural landscape.

Learn more about living in Traverse City 
Amenities
  • Laundry Facilities
  • Maintenance on site
  • Fitness Center
  • Gameroom
  • High Speed Internet Access
  • Air Conditioning
  • Smoke Free
  • Sprinkler System
  • Wheelchair Accessible (Rooms)
  • Disposal
  • Kitchen
  • Refrigerator
  • Recreation Room
  • Linen Closet
Expenses
One-Time
Dog Fee $150
Utilities Included
Heat, Trash Removal Included
Office Hours
Monday 8am - 4pm
Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm
Friday 8am - 4pm
Saturday Closed
Sunday Closed
Education
Colleges & Universities Distance
Colleges & Universities Distance
Baker College of Cadillac
Drive: 59 min 43.0 mi
Oak Terrace is within 59 minutes or 43.0 miles from Baker College of Cadillac.
Schools
North Ednew Horizons
Public Elementary, Middle & High School
Grades PK-12
77 Students
Nearby
Long Lake Elementary School
Public Elementary School
Grades PK-5
352 Students
Nearby
Traverse Heights Elementary School
Public Elementary School
Grades PK-5
257 Students
Attendance Zone
Central High School
Public Middle & High School
Grades 8-12
1,387 Students
Attendance Zone
East Middle School
Public Middle School
Grades 6-8
786 Students
Attendance Zone
Traverse Bay Christian School
Private Elementary School
Grades K-6
47 Students
Nearby
Traverse City Christian School
Private Elementary, Middle & High School
Grades PK-12
218 Students
Nearby
Cornerstone Christian School
Private Elementary School
Grades PK & 1-6
Nearby
Traverse Bay Mennonite School
Private Elementary, Middle & High School
Grades 1-12
21 Students
Nearby
School data provided by The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology

Data provided by GreatSchools.org © 2026. All rights reserved.
Transportation

Oak Terrace is near Cherry Capital, located 3.6 miles or 12 minutes away.

Airports Distance
Airports Distance
Cherry Capital
 Drive: 12 min 3.6 mi

Walkability Near Oak Terrace

Somewhat Walkable
56
Walk Score®
Out of 100
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Minimal Transit
0
Transit Score®
Out of 100
Somewhat Bikeable
31
Bike Score®
Out of 100
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
-
-
Soundscore™
Out of 100

Traffic:

-

Airport:

-

Businesses:

-

Score provided by

Scores provided by  and

Score provided by

Points of Interest

Time and distance from Oak Terrace.

Shopping Centers Distance
Shopping Centers Distance
Cherryland Center
Walk: 14 min 0.8 mi
1280 S Airport
Walk: 16 min 0.8 mi
Garfield Village Shopping Center
Drive: 4 min 1.7 mi
Oak Terrace has 3 shopping centers within 1.7 miles, which is about a 4-minute drive. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Joseph H. Rogers Observatory
 Drive: 4 min 2.0 mi
Traverse City State Park
 Drive: 7 min 2.7 mi
Miller Creek Nature Reserve
 Drive: 7 min 3.2 mi
Boardman River Nature Center
 Drive: 9 min 3.8 mi
Grand Traverse Natural Education Reserve
 Drive: 9 min 3.9 mi
Oak Terrace has 5 parks within 3.9 miles, including Joseph H. Rogers Observatory, Traverse City State Park, and Miller Creek Nature Reserve.
Hospitals Distance
Hospitals Distance
Munson Medical Center
Drive: 12 min 5.1 mi
Oak Terrace is 5.1 miles and a 12 minute drive from Munson Medical Center.
 
 
3.0
Good
Out of 5

3.0 Blended Score

1 Renter Review

Share details of your own experience with this property

You May Also Like

Frequently Asked Questions
Does Oak Terrace have in-unit laundry?

While Oak Terrace does not provide in‑unit laundry, on‑site laundry facilities are available for shared resident use.

What utilities are included in rent at Oak Terrace?

Select utilities are included in rent at Oak Terrace, including heat and trash removal. Residents are responsible for any other utilities not listed.

Is parking available at Oak Terrace?

Parking is available at Oak Terrace. Contact this property for details.

Is Oak Terrace pet-friendly?

Yes, Oak Terrace welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.

How much income do I need to rent at Oak Terrace?

A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,060 for a one-bedroom, you would need to earn about $42,400 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.

Does Oak Terrace have move-in specials?

Oak Terrace is not currently offering any rent specials. Check back soon, as promotions change frequently.

Does Oak Terrace offer Matterport 3D tours?

While Oak Terrace does not offer Matterport 3D tours, renters can request a tour directly through our online platform.

Similar Rentals Nearby

Report an Issue Print Get Directions