Bedroom count
Property type
Last updated on July 30, 2026
Average rent in
Traverse City, MI
Average rent in
Last updated on July 30, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Traverse City, MI rent rose 2.8% year over year, with a current median of $1,850/month. Renters are paying $38 more per month on average than last year despite a 2.5% month-over-month decline in July 2026.
Compared to national trends
Traverse City is 4.2% more affordable than the $1,930/month national median. The city offers 80 total rentals with a balanced market including nearly equal shares of houses and apartments.
Rent ranges by bedroom
Studios in Traverse City rent for $2,400/month, 1-bedrooms for $1,458/month, 2-bedrooms for $1,800/month, 3-bedrooms for $2,200/month, and 4+ bedrooms for $3,030/month. This range reflects the diversity of unit sizes available to renters.
Neighborhood spotlight
Studio rents in Traverse City climbed 146.2% year over year, a notable divergence from the overall city increase of 2.8%. This sharp rise indicates strong demand in the studio segment compared to other bedroom types.
Median rent
Median rent in Traverse City
$1,850/mo
3%vs previous year
The average rent in Traverse City is $1,850 per month as of July 2026. This is 4% below the national average rent, or $80 less per month.
average price per square foot
Total rentals
Available rentals in Traverse City
80
for rent on Zumper.com as of July 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 decreased by 3% over the last month and have increased by 3% 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 $1,700, whereas a house costs $2,200. 1-bedroom apartments in Traverse City run $1,465 on average, while 2-bedroom apartments are $1,780.
Listings | ||||
|---|---|---|---|---|
Studio | $2,400 | 98% | 133% | |
1 bedroom | $1,457 | No Change | 4% | |
2 bedroom | $1,800 | 1% |  2% | |
3 bedroom | $2,200 | 9% | 9% | |
4 bedroom | $3,030 | 9% | 8% |
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 | $1,700 | No Change | No Change | |
Condos | $2,099 | 4% | 8% | |
Houses | $2,200 | 11% | No Change |
Studio
Average rent
$2,400
Last 30 days
98%
Last year
133%
1 bedroom
Average rent
$1,457
Last 30 days
No Change
Last year
4%
2 bedroom
Average rent
$1,800
Last 30 days
1%
Last year
2%
3 bedroom
Average rent
$2,200
Last 30 days
9%
Last year
9%
4 bedroom
Average rent
$3,030
Last 30 days
9%
Last year
8%
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
$1,700
Last 30 days
No Change
Condos
Average rent
$2,099
Last 30 days
4%
Last year
8%
Houses
Average rent
$2,200
Last 30 days
11%
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
23%lower than the national median
Takeaway
The median rent for all rentals in Traverse City, MI is 24% higher than the median rent in Bellaire, MI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,495
$1,357
17%$831
2%$950
3%$941
11%$1,000
$2,302
19%$1,600
31%$800
26%$800
5%$1,050
55%$1,775
Discover rentals in Traverse City, MI
1d ago
947 S Garfield Ave, Traverse City, MI 49686
1–2 beds
1 bath
$468–$1,662
Apartment for rent
1d ago
4155 Sprucewood Dr, Traverse City, MI 49685
1–3 beds
1–2 baths
$484 –$1,489
Apartment for rent
1d ago
520 Wellington St, Traverse City, MI 49686
1–3 beds
1–2 baths
$498–$1,780
Apartment for rent
2d ago
1793 Linden Ave, Traverse City, MI 49686
1–2 beds
1 bath
$672–$1,244
Apartment for rent
1d ago
House for rent in Traverse City
7320 Peninsula Dr, Traverse City, MI 49686
4 beds
3 baths
$8,500
House for rent
Available Aug 1
5d+ ago
House for rent in Traverse City
1704 Comanche St, Traverse City, MI 49686
Studio
0 baths
$5,000
House for rent
1d ago
House for rent in Traverse City
6260 Cedarmere, Traverse City, MI 49686
3 beds
2 baths
$4,500
House for rent
Available Sep 1
1d ago
House for rent in Traverse City
213 Midtown Dr, Traverse City, MI 49684
3 beds
4 baths
$3,850
House for rent
Available Nov 1
1h ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
$3,065–$3,095
Apartment for rent
Available Jan 11
5d+ ago
Verified
150 Pine St, Traverse City, MI 49684
1 bed
1 bath
$1,257
Apartment for rent
5d+ ago
Apartment for rent in Traverse City
2 beds
2 baths
$1,650
Apartment for rent
1d ago
Verified
4647 Iris Ln #1180, Traverse City, MI 49685
3 beds
2 baths
$1,579
House for rent
15h ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
Call for price
Apartment for rent
1h ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
$3,065–$3,095
Apartment for rent
Available Jan 11
1d ago
Verified
4647 Iris Ln #1180, Traverse City, MI 49685
3 beds
2 baths
$1,579
House for rent
15h ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
Call for price
Apartment for rent
1h ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
4 beds
2 baths
$3,065–$3,095
Apartment for rent
Available Jul 7
5d+ ago
Verified
150 Pine St, Traverse City, MI 49684
1 bed
1 bath
$1,257
Apartment for rent
5d+ ago
Apartment for rent in Traverse City
2 beds
2 baths
$1,650
Apartment for rent
5d+ ago
Verified
4562 Iris Ln #1172, Traverse City, MI 49685
3 beds
2 baths
$1,749
House 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 $1,850 per month as of July 25, 2026.
Is rent up or down in Traverse City?
Average rent prices in Traverse City have decreased by 3% over the last month and have increased by 3% 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 $80 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 $74,000/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?
Based on Zumper's July 2026 data, one-bedroom apartments in Traverse City average around $1,490/month and two-bedrooms approximately $1,760/month.
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).