Bedroom count
Property type
Last updated on October 30, 2026
Average rent in
Traverse City, MI
Average rent in
Last updated on October 30, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Traverse City, MI rent slipped 3.6% year over year, with a current median of $1,750/month. Renters today are paying $65 less per month on average than last year, continuing a decline since the peak of $1,898/month in June 2026.
Compared to national trends
Traverse City sits 7.9% more affordable than the $1,900/month national median, with 77 total rentals offering a smaller but accessible market for renters.
Price ranges
Studio rents in Traverse City run around $2,100/month, 1-bedrooms around $1,213/month, 2-bedrooms around $1,700/month, 3-bedrooms around $2,000/month, and 4+ bedrooms reach $3,105/month. These figures reflect the range of options available by bedroom count.
Median rent
Median rent in Traverse City
$1,750/mo
4%vs previous year
The average rent in Traverse City is $1,750 per month as of October 2026. This is 8% below the national average rent, or $150 less per month.
average price per square foot
Total rentals
Available rentals in Traverse City
77
for rent on Zumper.com as of October 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 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
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 $1,510, whereas a house costs $2,100. 1-bedroom apartments in Traverse City run $1,206 on average, while 2-bedroom apartments are $1,550.
Listings | ||||
|---|---|---|---|---|
Studio | $2,100 | No Change |  45% | |
1 bedroom | $1,213 | 4% | 19% | |
2 bedroom | $1,700 | 3% | No Change | |
3 bedroom | $2,000 | 13% | 9% | |
4 bedroom | $3,105 | No Change | 2% |
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 | $1,510 | 3% | 7% | |
Condos | $1,900 | 5% | 4% | |
Houses | $2,100 | 6% | 9% |
Studio
Average rent
$2,100
Last year
45%
1 bedroom
Average rent
$1,213
Last 30 days
4%
Last year
19%
2 bedroom
Average rent
$1,700
Last 30 days
3%
3 bedroom
Average rent
$2,000
Last 30 days
13%
Last year
9%
4 bedroom
Average rent
$3,105
Last year
2%
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
$1,510
Last 30 days
3%
Last year
7%
Condos
Average rent
$1,900
Last 30 days
5%
Last year
4%
Houses
Average rent
$2,100
Last 30 days
6%
Last year
9%
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
8%lower than the national median
47%lower than the national median
Takeaway
The median rent for all rentals in Traverse City, MI is 75% higher than the median rent in Bellaire, MI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,000
27%$1,512
16%$867
6%$1,400
17%$941
1%$1,000
18%$1,495
27%$2,169
$1,747
17%$1,119
2%$1,525
2%$1,850
1%Discover rentals in Traverse City, MI
3h ago
947 S Garfield Ave, Traverse City, MI 49686
1–2 beds
1 bath
$463–$1,510
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.Apartment for rent
4h ago
520 Wellington St, Traverse City, MI 49686
1–3 beds
1–2 baths
$498–$1,780
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.Apartment for rent
22h ago
4155 Sprucewood Dr, Traverse City, MI 49685
1–3 beds
1–2 baths
$528–$1,485
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.Apartment for rent
2d ago
Verified
1793 Linden Ave, Traverse City, MI 49686
1–2 beds
1 bath
$926–$1,244
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.Apartment for rent
5d+ ago
House for rent in Traverse City
1375 Braebury Way, Traverse City, MI 49686
5 beds
2.5 baths
$7,500
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.House for rent
5d+ ago
Condo for rent in Traverse City
420 S Division St #A, Traverse City, MI 49684
4 beds
2 baths
$5,500
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.Condo for rent
Available Oct 31
5d+ ago
House for rent in Traverse City
213 Midtown Dr, Traverse City, MI 49684
3 beds
3.5 baths
$3,850
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.House for rent
Available Nov 1
3d ago
Condo for rent in Traverse City
825 7th St #208, Traverse City, MI 49684
2 beds
2 baths
$3,500
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.Condo for rent
Available Oct 26
5h ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
$2,775–$3,495
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.Apartment for rent
Available Mar 3
2d ago
Verified
150 Pine St, Traverse City, MI 49684
1 bed
1 bath
$1,257
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.Apartment for rent
2d ago
Verified
4471 Goldenrod Dr #358, Traverse City, MI 49685
3 beds
2 baths
$1,599
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.House for rent
2d ago
Verified
4235 Daffodil Cir #415, Traverse City, MI 49685
3 beds
2 baths
$1,649
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.House for rent
5h ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
$2,775–$3,495
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.Apartment for rent
Available Mar 3
2h ago
Verified
309 W Front St, Traverse City, MI 49684
Studio–2 beds
1–2 baths
$1,596–$2,850
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.Apartment for rent
2d ago
Verified
4471 Goldenrod Dr #358, Traverse City, MI 49685
3 beds
2 baths
$1,599
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.House for rent
1d ago
Verified
872 E Front St, Traverse City, MI 49686
1 bed
1 bath
$1,051
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.Apartment for rent
3d ago
414 414 417 426 Munson Place, Traverse City, MI 49686
2 beds
1–2 baths
$1,295–$1,395
Price droppedFees 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.Apartment for rent
2d ago
Verified
4471 Goldenrod Dr #358, Traverse City, MI 49685
3 beds
2 baths
$1,599
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.House for rent
2d ago
Verified
4235 Daffodil Cir #415, Traverse City, MI 49685
3 beds
2 baths
$1,649
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.House for rent
1d ago
Verified
872 E Front St, Traverse City, MI 49686
1 bed
1 bath
$1,051
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.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 $1,750 per month as of October 24, 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 decreased by 4% since last year.
How does Traverse City rent compare to the national average?
Rent in Traverse City is 8% below the national average, which means renters are paying approximately $150 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 $70,000/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?
February offers the lowest rents in Traverse City, running about 9% below August peak prices. This seasonal pattern creates clear timing opportunities for renters throughout the year.
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).