Bedroom count
Property type
Last updated on June 16, 2026
Average rent in
Traverse City, MI
Average rent in
Last updated on June 16, 2026
Bedroom count
Property type
Key takeaways for renters
Where Traverse City rent stands today
Traverse City, MI rent rose 7.3% year over year, with a current median of $1,877/month. Renters are paying $120 more per month on average than last year, and the current median remains just below the peak rent of $1,900/month reached this month.
Compared to national trends
Traverse City sits 3.7% more affordable than the $1,950/month national median, with a total of 76 rentals available in the market. This positions Traverse City as a moderately priced option for renters in the region.
Rent ranges by bedroom
Studios in Traverse City rent for $1,148/month, 1-bedrooms for $1,395/month, 2-bedrooms for $1,800/month, 3-bedrooms for $2,350/month, and 4+ bedrooms for $3,145/month, offering a wide range of prices across unit sizes.
Median rent
Median rent in Traverse City
$1,877/mo
7%vs previous year
The average rent in Traverse City is $1,877 per month as of June 2026. This is 4% below the national average rent, or $73 less per month.
average price per square foot
Total rentals
Available rentals in Traverse City
76
for rent on Zumper.com as of June 2026
Rent price distribution
Share of Traverse City rentals at each price point
Rent trends in Traverse City, MI
Average rent prices in Traverse City have increased by 2% over the last month and have increased by 7% 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
Traverse City, MI
Rent prices in Traverse City vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Traverse City is $1,687, whereas a house costs $2,297. 1-bedroom apartments in Traverse City run $1,400 on average, while 2-bedroom apartments are $1,770.
Listings | ||||
|---|---|---|---|---|
Studio | $1,148 |  2% | 3% | |
1 bedroom | $1,395 | 1% | 1% | |
2 bedroom | $1,800 | No Change | 3% | |
3 bedroom | $2,350 | 4% | 20% | |
4 bedroom | $3,145 | 5% | 12% |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Traverse City, MI.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,687 | 1% | No Change | |
Condos | $2,225 | 4% | No Change | |
Houses | $2,297 | 1% | No Change |
Studio
Average rent
$1,148
Last 30 days
2%
Last year
3%
1 bedroom
Average rent
$1,395
Last 30 days
1%
Last year
1%
2 bedroom
Average rent
$1,800
Last 30 days
No Change
Last year
3%
3 bedroom
Average rent
$2,350
Last 30 days
4%
Last year
20%
4 bedroom
Average rent
$3,145
Last 30 days
5%
Last year
12%
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Traverse City, MI.
Apartments
Average rent
$1,687
Last 30 days
1%
Condos
Average rent
$2,225
Last 30 days
4%
Houses
Average rent
$2,297
Last 30 days
1%
The table above reflects average rent prices in Traverse City, 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 Traverse City, MI compare to other cities?
Compare median rent prices in Traverse City and Bellaire by all bedroom counts and property types.
Traverse City
4%lower than the national median
59%lower than the national median
Takeaway
The median rent for all rentals in Traverse City, MI is 135% higher than the median rent in Bellaire, MI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$800
$1,097
25%$913
14%$1,275
152%$886
20%$1,100
$2,116
2%$1,949
25%$900
48%$800
39%$1,499
76%$1,800
Discover rentals in Traverse City, MI
2d ago
1793 Linden Ave, Traverse City, MI 49686
1–2 beds
1 bath
$672–$1,223
Apartment for rent
2d ago
1223 E 8th St, Traverse City, MI 49686
1–2 beds
1 bath
$694–$1,295
Apartment for rent
4d ago
404 Hughes Dr #a, Traverse City, MI 49696
3 beds
1 bath
$725
Apartment for rent
5d+ ago
150 Pine St, Traverse City, MI 49684
1 bed
1 bath
$776–$1,257
Apartment for rent
5d+ ago
House for rent in Traverse City
4 beds
2.5 baths
$10,500
House for rent
5d+ ago
House for rent in Traverse City
3 beds
3.5 baths
$6,500
House for rent
5d+ ago
House for rent in Traverse City
1704 Comanche St, Traverse City, MI 49686
4 beds
1.5 baths
$5,000
House for rent
5d+ ago
House for rent in Traverse City
210 W 16th St, Traverse City, MI 49684
3 beds
2 baths
$4,500
House for rent
4d ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
$1,023–$1,362
Apartment for rent
5d+ ago
Apartment for rent in Traverse City
2 beds
2 baths
$1,650
Apartment for rent
4d ago
Verified
4418 Daisy Ln W #156, Traverse City, MI 49685
2 beds
2 baths
$1,599
House for rent
5d+ ago
Verified
4095 Geranium Ln #712, Traverse City, MI 49685
3 beds
2 baths
$1,539
House for rent
3d ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
Call for price
Apartment for rent
Available Jan 11
5d+ ago
Verified
1835 Apartment Dr, Traverse City, MI 49696
2 beds
1 bath
$795
Apartment for rent
4d ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
$1,023–$1,362
Apartment for rent
3d ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
Call for price
Apartment for rent
5d+ ago
Apartment for rent in Traverse City
1 bed
1 bath
$1,200
Apartment for rent
5d+ ago
Apartment for rent in Traverse City
2 beds
2 baths
$1,650
Apartment for rent
4d ago
Verified
4418 Daisy Ln W #156, Traverse City, MI 49685
2 beds
2 baths
$1,599
House for rent
1d ago
6233 Center Rd, Traverse City, MI 49686
1 bed
1 bath
$1,074–$1,125
Apartment for rent
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Frequently asked questions for Traverse City, MI
Quick answers to common questions about the Traverse City rental market.
How much is rent in Traverse City?
The average rent in Traverse City is $1,877 per month as of June 13, 2026.
Is rent up or down in Traverse City?
Average rent prices in Traverse City have increased by 2% over the last month and have increased by 7% since last year.
How does Traverse City rent compare to the national average?
Rent in Traverse City is 4% below the national average, which means renters are paying approximately $73 less per month.
What salary do I need to afford rent in Traverse City?
To comfortably afford rent in Traverse City, you'd need to earn approximately $75,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Traverse City?
Traverse City's 2025 rental market shows one-bedroom apartments averaging around $1,400 per month, while two-bedroom units rent for around $1,700 monthly. These figures represent the current market conditions across the city's rental inventory.
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).