4 Hours Ago
Highlights
- Beautiful view
- Barbeque grills
- Picnics
- Well maintained community
Location
203 Lafayette Ave, Petoskey, MI 49770, USA
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Property Overview
Traverse Woods presents a highly favorable option for renters, evidenced by a Zumper expert rating of 9.3 out of 10 and an impressive amenities rating of 10. With a competitive price rating of 8 out of 10, excellent location accessibility, and a high trustworthiness rating of 9 out of 10, it stands out for its value and transparency. Notable features include beautiful views and well-maintained community spaces, making it an attractive choice for those seeking quality living.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
- Middle school nearby
Floor plans
| 1 Bedroom RD | 1 bed | 1 bath | 616 sqft | $718 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 616 sqft | $718 /mo | |||
| 1 Bedroom PBV | 1 bed | 1 bath | 616 sqft | $900 /mo | |||
| 2 Bedroom | 2 bed | 1 bath | 757 sqft | $752 /mo | |||
| 2 Bedroom RD | 2 bed | 1 bath | 757 sqft | $752 /mo | |||
| 2 Bedroom PBV | 2 bed | 1 bath | 757 sqft | $1,020 /mo |
Let's explore this property.
Amenities for Traverse Woods
Apartment Amenities
| Air Conditioning | Balcony |
| Carpet | Heat |
| Trash Included | Utilities/Sewer |
| Water | Window Treatments |
Appliances
| Garbage Disposal | Range |
| Refrigerator |
Tech
| WiFi Ready |
Building
| 24 Hour Laundry Facility | Onsite Laundry |
Grounds
| Outdoor Space |
Services
| 24 Hour Emergency Maintenance |
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.
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Base Rent
Monthly rent payment
$718
OPTIONAL FEES
Other
Parking Fee
Monthly. 2 others max. Unassigned parking
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Surface Lot
Parking Fee
Monthly. 2 surface lots max. Unassigned parking
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Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1976 |
|---|---|
| Units | 128 |
| Lease terms | 12 months |
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About Traverse Woods
Traverse Woods is located in one of the northlands most beautiful older cities and just a few steps from a fantastic view of Little Traverse Bay of Lake Michigan in Petoskey. This community is low-income, income based with Rental Assistance for the majority of our residents. Our office is located on site. Nestled in picturesque woods close to Little Traverse Bay, our well maintained community is just a walk away from Petoskey's famed Gaslight District which is full of fantastic shopping and dining establishments. All members of our community have access to a large play area that is equipped with barbeque grills and tables for picnics and cook-outs. Applications and flyers with unit layouts are available upon request. Barrier free units may be available. Come visit us today! Rent is Based on Income. This institution is an equal opportunity provider. TDD/TTY #711
Year Built: 1976
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.3
/10
ExcellentTraverse Woods is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Location, which help to make this rental a great place to call home.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Traverse Woods is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Traverse Woods stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Traverse Woods offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Traverse Woods has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Traverse Woods.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Traverse Woods has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Traverse Woods compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.5 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Petoskey
1-bedroom apartments here are priced 48% lower than 1-bedrooms in Petoskey.
If you decide to upgrade your space, you can expect 2-bedrooms at Traverse Woods to be 52% less than the average for similarly sized apartments in Petoskey.
Median rents as of Oct 25 2025.
Petoskey
| Month | Median Rent |
|---|---|
| November 2023 | $525 |
| January 2024 | $525 |
| March 2024 | $525 |
| August 2024 | $1,400 |
| September 2024 | $1,400 |
| November 2024 | $768 |
| December 2024 | $850 |
| January 2025 | $767 |
| February 2025 | $751 |
| March 2025 | $790 |
| April 2025 | $718 |
| May 2025 | $718 |
| June 2025 | $786 |
| July 2025 | $754 |
| August 2025 | $744 |
| September 2025 | $950 |
| October 2025 | $1,412 |
Affordability calculator
Can I afford to live at 203 Lafayette Ave?
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
$28,720/yr
With your selected rent-to-income ratio, you'd ideally want to make $28,720 annually to afford this 1-bedroom median monthly rent price of $718.
For more information on rent affordability, visit our rent calculator.
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Internet available near Traverse Woods
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Petoskey near 203 Lafayette Ave
Walking
3/10
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.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 203 Lafayette Ave, Petoskey
Groceries
2/10
No grocery stores within walking distance
Shopping
5/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
No elementary schools within a 30-minute walk
High schools
1/10
No high schools within a 30-minute walk
Nightlife
2/10
Few or no bars within walking distance
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