Last updated on November 3, 2026

Average rent in
Petoskey, MI

Median rent

Median rent in Petoskey

$1,500/mo

decreased by4%

vs previous year

The average rent in Petoskey is $1,500 per month as of October 2026. This is 21% below the national average rent, or $400 less per month.

$1.64

average price per square foot

Total rentals

Available rentals in Petoskey

19

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Petoskey rentals at each price point

45%34%23%11%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Petoskey, MI

Average rent prices in Petoskey have increased by 9% over the last month and have decreased by 4% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Petoskey, MI

Rent prices in Petoskey vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Petoskey is $1,392, whereas a house costs $2,350. 1-bedroom apartments in Petoskey run $1,390 on average, while 2-bedroom apartments are $1,525.

Listings

Studio

$956

9%

26%

1 bedroom

$1,125

13%

No Change

2 bedroom

$1,525

5%

27%

3 bedroom

$1,624

18%

200%

4 bedroom

$2,678

No Change

25%

Studio

Average rent

$956

Last 30 days

9%

Last year

26%

1 bedroom

Average rent

$1,125

Last 30 days

13%

2 bedroom

Average rent

$1,525

Last 30 days

5%

Last year

27%

3 bedroom

Average rent

$1,624

Last 30 days

18%

Last year

200%

4 bedroom

Average rent

$2,678

Last year

25%

The table above reflects average rent prices in Petoskey, MI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Petoskey, MI compare to other cities?

Compare median rent prices in Petoskey and Bellaire by all bedroom counts and property types.

Petoskey

Median rent price$1,500
decreased by21%

lower than the national median

Median rent price$941
decreased by50%

lower than the national median

Takeaway

The median rent for all rentals in Petoskey, MI is 59% higher than the median rent in Bellaire, MI.

Discover rentals in Petoskey, MI

Traverse Woods - Photo 1 of 1

1d ago

8.7

Very good

Our team has verified this company

Verified

Traverse Woods

203 Lafayette Ave, Petoskey, MI 49770

1–2 beds

1 bath

$781

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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Maple Village I - Photo 1 of 1

2d ago

8.9

Very good

Our team has verified this company

Verified

Maple Village I

1695 Meadow Way, Petoskey, MI 49770

2–3 beds

2 baths

$855–$950

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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Maple Village II - Photo 1 of 1

2d ago

9.5

Excellent

Our team has verified this company

Verified

Maple Village II

1695 Meadow Way, Petoskey, MI 49770

2–3 beds

2 baths

Call for price

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The Lofts at Lumber Square - Photo 1 of 1
New construction

4d ago

9.2

Excellent

Our team has verified this company

Verified

The Lofts at Lumber Square

900 Emmet St, Petoskey, MI 49770

1–3 beds

1–2 baths

$1,250–$1,450

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.

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Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Petoskey, MI

Quick answers to common questions about the Petoskey rental market.

How much is rent in Petoskey?

The average rent in Petoskey is $1,500 per month as of October 31, 2026.

Is rent up or down in Petoskey?

Average rent prices in Petoskey have increased by 9% over the last month and have decreased by 4% since last year.

How does Petoskey rent compare to the national average?

Rent in Petoskey is 21% below the national average, which means renters are paying approximately $400 less per month.

What salary do I need to afford rent in Petoskey?

To comfortably afford rent in Petoskey, you'd need to earn approximately $60,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Bellaire