Oak Terrace
1240 Oak Terrace Dr,
Traverse City,
MI
49686
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Monthly Rent
$500 - $1,194
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Bedrooms
1 bd
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Bathrooms
1 ba
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Square Feet
550 - 575 sq ft
Embrace a vibrant and independent lifestyle at Oak Terrace Apartments, the premier choice for seniors (50+) and residents with disabilities in Traverse City, Michigan. Situated at 1240 Oak Terrace Drive, our community offers a tranquil setting that is just minutes away from the excitement of the city. You are perfectly positioned to enjoy the stunning views of Grand Traverse Bay, explore local wineries, or access world-class medical care at Munson Medical Center. Oak Terrace is designed to support your wellness and social life. We are proud to offer an on-site workout facility, allowing you to stay active and fit without leaving the comfort of your building. During the beautiful Northern Michigan summers, our community grill and picnic areas become a hub of activity where neighbors share meals and stories. Your 1-bedroom apartment is a private sanctuary featuring central heating, air conditioning, and a smoke-free environment. We know that pets are family, which is why we are a pet-friendly community. With responsive 24/7 maintenance and on-site laundry, Oak Terrace offers a worry-free lifestyle where you can focus on what matters most to you.
Highlights
- Quiet Area
- Picnic Area
- Grill
Pricing & Floor Plans
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Unit 3price $796square feet 575availibility Now
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Unit 1price $996square feet 575availibility Now
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Unit 4price $1,194square feet 575availibility Now
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Unit 3price $796square feet 575availibility Now
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Unit 1price $996square feet 575availibility Now
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Unit 4price $1,194square feet 575availibility Now
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. Use the Cost Calculator to determine costs based on your needs.
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Dogs
Max of 1, 35 lbs. Weight Limit, Pet interview, Spayed/Neutered
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Other Pets
Pet interview, Spayed/Neutered
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Surface Lot
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
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Heat
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Trash Removal
Property Information
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Built in 1985
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48 units/1 story
About Oak Terrace
Embrace a vibrant and independent lifestyle at Oak Terrace Apartments, the premier choice for seniors (50+) and residents with disabilities in Traverse City, Michigan. Situated at 1240 Oak Terrace Drive, our community offers a tranquil setting that is just minutes away from the excitement of the city. You are perfectly positioned to enjoy the stunning views of Grand Traverse Bay, explore local wineries, or access world-class medical care at Munson Medical Center. Oak Terrace is designed to support your wellness and social life. We are proud to offer an on-site workout facility, allowing you to stay active and fit without leaving the comfort of your building. During the beautiful Northern Michigan summers, our community grill and picnic areas become a hub of activity where neighbors share meals and stories. Your 1-bedroom apartment is a private sanctuary featuring central heating, air conditioning, and a smoke-free environment. We know that pets are family, which is why we are a pet-friendly community. With responsive 24/7 maintenance and on-site laundry, Oak Terrace offers a worry-free lifestyle where you can focus on what matters most to you.
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
Grill
Picnic Area
- Laundry Facilities
- Maintenance on site
- Fitness Center
- Gameroom
- Grill
- Picnic Area
Apartment Features
Air Conditioning
Dishwasher
High Speed Internet Access
Refrigerator
- High Speed Internet Access
- Air Conditioning
- Heating
- Smoke Free
- Sprinkler System
- Wheelchair Accessible (Rooms)
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Carpet
- Vinyl Flooring
- Recreation Room
- Linen Closet
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- Laundry Facilities
- Maintenance on site
- Grill
- Picnic Area
- Fitness Center
- Gameroom
- High Speed Internet Access
- Air Conditioning
- Heating
- Smoke Free
- Sprinkler System
- Wheelchair Accessible (Rooms)
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Carpet
- Vinyl Flooring
- Recreation Room
- Linen Closet
| Monday | 8am - 4pm |
|---|---|
| Tuesday | 8am - 4pm |
| Wednesday | 8am - 4pm |
| Thursday | 8am - 4pm |
| Friday | 8am - 4pm |
| Saturday | Closed |
| Sunday | Closed |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 8 min | 3.3 mi | |
| Drive: | 59 min | 43.0 mi |
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
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Oak Terrace Photos
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Oak Terrace
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While Oak Terrace does not provide in‑unit laundry, on‑site laundry facilities are available for shared resident use.
Select utilities are included in rent at Oak Terrace, including heat and trash removal. Residents are responsible for any other utilities not listed.
Parking is available at Oak Terrace. Contact this property for details.
Oak Terrace has one-bedroom available with rent ranges from $500/mo. to $1,194/mo.
Yes, Oak Terrace welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
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 $500 for a one-bedroom, you would need to earn about $20,000 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
Oak Terrace is not currently offering any rent specials. Check back soon, as promotions change frequently.
While Oak Terrace does not offer Matterport 3D tours, renters can request a tour directly through our online platform.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.
1240 Oak Terrace Dr
Traverse City, MI 49686
Property Manager Responded