House for rent

2 Days Ago

7320 Peninsula Drive
7320 Peninsula Drive, Traverse City, Michigan 49686, United States

Monthly rent	$4,500
Beds	4
Baths	3
Sqft	–

Monthly rent	$4,500
Beds	4
Baths	3
Sqft	–

2 Days Ago

Location

7320 Peninsula Drive, Traverse City, Michigan 49686, United States

Tour 7320 Peninsula Drive

Contact

Ryan Craig

@properties Christie's Int'l

(231) 409-4219

Amenities for 7320 Peninsula Drive

Apartment Amenities

Fireplace	High Ceilings
Natural Gas	Walk-in Closet

Grounds

2 Parking Spaces	Garage Parking
Outdoor Space

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

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

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About 7320 Peninsula Drive

Home

Houses in Traverse City

7320 Peninsula Drive, Traverse City, Michigan 49686, United States

Property Status: Active Available for rent, this stunningly renovated colonial on sought-after Peninsula Drive offers the perfect blend of classic charm, modern comfort, and exceptional location. Filled with natural light and warm, contemporary finishes, the home welcomes you with a layout designed for both everyday living and effortless entertaining. The main level features a fully renovated kitchen with custom cabinetry, quartz countertops, and a large center island that opens seamlessly to the dining area—ideal for gathering with family and friends. Enjoy views of West Bay while dining, then relax in one of two distinct living spaces: a cozy, intimate sitting room with a fireplace and a second living area boasting vaulted ceilings and a bright, open feel. A flexible office or studio nook adds versatility to the main floor. The spacious primary suite is conveniently located on the main level and serves as a private retreat, complete with a walk-in closet and en-suite bath. Upstairs, three additional bedrooms and a full bathroom provide ample space for family or guests. Outside, the beautifully landscaped and manicured grounds offer ample space to enjoy Peninsula living—whether hosting outdoor gatherings, playing lawn games, relaxing by the pond, or simply taking in the peaceful surroundings. A large back deck is perfect for grilling, dining al fresco, or unwinding after a day on the Bay. This exceptional home offers comfort, flexibility, and an unbeatable lifestyle in one of the area’s most desirable locations. Property is also being marketed for sale. Office Phone: (231) 642-2363 Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property highlights

How 7320 Peninsula Drive compares to other nearby properties.

Positives

Fireplace: Upgraded in-unit features
Images Available: There are at least 10 photos of this address
Walk-in closet: More closet space on average

Considerations

Greater distance from middle schools: The nearest middle school is farther than 4 miles away

Address details

Zip code	49686
Type	House for rent

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Rent trends in Traverse City

4-bedroom apartments at 7320 Peninsula Drive cost about 50% more than the average rent price for 4-bedroom apartments in Traverse City.

Median rents as of Dec 13 2025.

Traverse City

A table of 4-bedroom apartment rental data trends in Traverse City
Month	Median Rent
December 2023	$2,500
January 2024	$2,500
February 2024	$2,600
March 2024	$3,170
April 2024	$3,556
May 2024	$3,575
June 2024	$3,725
July 2024	$3,362
August 2024	$3,240
September 2024	$3,350
October 2024	$3,317
November 2024	$3,096
December 2024	$3,017
January 2025	$2,917
February 2025	$2,817
March 2025	$2,780
April 2025	$3,050
May 2025	$3,004
June 2025	$3,200
July 2025	$3,200
August 2025	$3,234
September 2025	$3,032
October 2025	$2,947
November 2025	$2,937
December 2025	$2,945

Affordability calculator

Can I afford to live at 7320 Peninsula Drive?

Bedrooms

4+ bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$180,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $180,000 annually to afford this 4-bedrooms monthly rent price of $4,500.

For more information on rent affordability, visit our rent calculator.

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