Updated 1 Day 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 is rated well overall, with especially strong marks for amenities, location, and value. It offers beautiful views, barbecue grills, picnic areas, and a well-maintained community, along with a solid set of photos and nearby middle and high schools.
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 | $745 /mo | |||
| 1 Bedroom | 1 bed | 1 bath | 616 sqft | $745 /mo | |||
| 1 Bedroom PBV | 1 bed | 1 bath | 616 sqft | $930 /mo | 1 unit available | ||
| 2 Bedroom RD | 2 bed | 1 bath | 757 sqft | $781 /mo | 1 unit available | ||
| 2 Bedroom | 2 bed | 1 bath | 757 sqft | $781 /mo | |||
| 2 Bedroom PBV | 2 bed | 1 bath | 757 sqft | $1,070 /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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OPTIONAL FEES
Parking Policy
Other
Surface Lot
Other
Parking Fee
Monthly. 2 others max.
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Surface Lot
Parking Fee
Monthly. 2 surface lots max.
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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.
8.2
/10
Very GoodWith a solid 8.2 out of 10 overall, Traverse Woods is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Traverse Woods has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
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·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Traverse Woods is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While Traverse Woods does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- 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
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Rent trends in Petoskey
1-bedroom apartments here are priced 38% lower than 1-bedrooms in Petoskey.
If you decide to upgrade your space, you can expect 2-bedrooms at Traverse Woods to be 42% less than the average for similarly sized apartments in Petoskey.
Median rents as of Aug 1 2026.
Petoskey
| Month | Median Rent |
|---|---|
| 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 |
| November 2025 | $1,554 |
| December 2025 | $1,381 |
| January 2026 | $1,421 |
| February 2026 | $1,349 |
| March 2026 | $1,424 |
| April 2026 | $1,402 |
| May 2026 | $1,424 |
| June 2026 | $1,328 |
| July 2026 | $1,286 |
| August 2026 | $1,305 |
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
$29,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $29,800 annually to afford this 1-bedroom median monthly rent price of $745.
For more information on rent affordability, visit our rent calculator.
Schools near Traverse Woods
Charem Special Education Schools
8568 mercer rd
charlevoix, MI, 49720
PK, K-12Public
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Internet available near Traverse Woods
Neighborhood
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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