Bedroom count

Property type

Last updated on January 30, 2026

Average rent in
Traverse City, MI

Last updated on January 30, 2026

Last updated on January 30, 2026

Bedroom count

Property type

As of January 2026, the median rent for all bedroom counts and property types in Traverse City, MI is $1,798. This is -5%, or $102, lower than the national average.

$1.96

average price per square foot

Median rent

$1,798

increased by2%
over the previous yearvs previous year

Total rentals

76

for rent on Zumper.com

As of January 2026, the median rent for all bedroom counts and property types in Traverse City, MI is $1,798. This is -5%, or $102, lower than the national average.

$1.96

average price per square foot

Rent ranges

2%
26%
47%
16%
8%
$0-$750$0 - $750
$751-$1,500$751 - $1,500
$1,501-$2,250$1,501 - $2,250
$2,251-$3,000$2,251 - $3,000
$3,001+$3,001+

Households

61%
39%
Owner-occupied
Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent price trends in
Traverse City, MI

Rent price trends

Rent prices for all bedroom counts and property types in Traverse City, MI have increased by 2% in the last month and have increased by 2% in the last year.

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

Rent comparables in
Traverse City, MI

The monthly rent for an apartment in Traverse City, MI is $1,650. A 1-bedroom apartment in Traverse City, MI costs about $1,513 on average, while a 2-bedroom apartment is $1,700. Houses for rent in Traverse City, MI are more expensive, with an average monthly cost of $2,150.

Comparables

1 bedroom

$1,540

No Change

4%

2 bedroom

$1,720

3%

3%

3 bedroom

$2,160

3%

2%

4 bedroom

$1,850

5%

33%

Studio

$950

3%

25%

Studio

Average rent

$950

Last 30 days

3%

Last year

25%

1 bedroom

Average rent

$1,540

Last 30 days

No Change

Last year

4%

2 bedroom

Average rent

$1,720

Last 30 days

3%

Last year

3%

3 bedroom

Average rent

$2,160

Last 30 days

3%

Last year

2%

4 bedroom

Average rent

$1,850

Last 30 days

5%

Last year

33%

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.

Compare rent prices in Traverse City, MI to other cities

Median rent prices in Traverse City, MI for all bedroom counts and property types compared to Bellaire, MI.

Traverse City

Median rent price$1,798
decreased by5%

lower than the national median

Median rent price$1,625
decreased by14%

lower than the national median

Takeaway

The median rent for all rentals in Traverse City, MI is 11% higher than the median rent in Bellaire, MI.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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

Average rent in
Nearby cities

Explore rent trends in other markets

Bellaire

$1,625

increased by108%

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Boyne City

$1,295

decreased by49%

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Cadillac

$844

decreased by90%

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Frankfort

$1,900

increased by99%

Last year

Gaylord

$886

decreased by16%

Last year

Gladwin

$891

decreased by39%

Last year

Interlochen

$1,524

increased by2%

Last year

Lake Leelanau

$1,850

N/A

Last year

Ludington

$750

decreased by32%

Last year

Manistee

$1,169

increased by36%

Last year

Petoskey

$1,087

decreased by18%

Last year

Williamsburg

$2,135

decreased by7%

Last year

Apartments for rent in Bellaire

Discover rentals in Traverse City, MI

621 Grant St #NA - Photo 1 of 1

5d+ ago

House for rent in Traverse City

3 beds

1 bath

$400

House for rent

Available Jan 5

Carson Square - Photo 1 of 1
Income restricted

20h ago

7.7

Very good

Carson Square

1793 Linden Ave, Traverse City, MI 49686

1–2 beds

1 bath

$672–$1,223

Apartment for rent

Call

6760 US 31 North - Photo 1 of 1

2d ago

8.3

Very good

6760 US 31 North

404 Hughes Dr #a, Traverse City, MI 49696

3 beds

1 bath

$725

Apartment for rent

Bay Hill I - Photo 1 of 1

1d ago

9.3

Excellent

Our team has verified this company

Verified

Bay Hill I

600 Bay Hill Dr, Traverse City, MI 49684

1–3 beds

1–2 baths

$857–$1,572

Apartment for rent

Call

Woodmere Ridge - Photo 1 of 1

1d ago

8.3

Very good

Woodmere Ridge

927 Woodmere Ave, Traverse City, MI 49686

1–3 beds

1 bath

$957–$1,484

Price drop

Apartment for rent

Call

Bay Hill II - Photo 1 of 1

20h ago

9.3

Excellent

Our team has verified this company

Verified

Bay Hill II

600 Bay Hill Dr, Traverse City, MI 49684

1–3 beds

1–2 baths

$1,112–$1,835

Apartment for rent

Call

2500 Holiday Apartments - Photo 1 of 1

3d ago

8

Very good

2500 Holiday Apartments

2500 Holiday Rd, Traverse City, MI 49686

2 beds

1 bath

$1,250

Apartment for rent

Apartments on Hammond Road - Photo 1 of 1

2d ago

8

Very good

Apartments on Hammond Road

3236 E Hammond Rd, Traverse City, MI 49686

2 beds

1 bath

$1,295

Apartment for rent