Bedroom count
Property type
Last updated on September 14, 2026
Average rent in
Traverse City, MI
Average rent in
Last updated on September 14, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Traverse City, MI rent is essentially flat year over year, with a current median of $1,788/month. Month over month, rent cooled 2.8%.
Compared to national trends
Traverse City rent is 5.9% more affordable than the $1,900/month national median. The city has 80 total rentals available.
Price ranges
Studio rents in Traverse City run around $2,099/month, 1-bedrooms at $1,193/month, 2-bedrooms at $1,745/month, 3-bedrooms at $2,000/month, and 4+ bedrooms at $6,305/month. This shows a wide range of rents by bedroom count.
Median rent
Median rent in Traverse City
$1,787/mo
1%vs previous year
The average rent in Traverse City is $1,787 per month as of September 2026. This is 6% below the national average rent, or $112 less per month.
average price per square foot
Total rentals
Available rentals in Traverse City
80
for rent on Zumper.com as of September 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 1% 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 $1,500, whereas a house costs $2,195. 1-bedroom apartments in Traverse City run $1,162 on average, while 2-bedroom apartments are $1,550.
Listings | ||||
|---|---|---|---|---|
Studio | $2,099 |  1% | 136% | |
1 bedroom | $1,193 | No Change | 12% | |
2 bedroom | $1,745 | 1% | 2% | |
3 bedroom | $2,000 | 6% | 9% | |
4 bedroom | $6,305 | 8% | 68% |
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 | $1,500 | 1% | No Change | |
Condos | $2,000 | 1% | No Change | |
Houses | $2,195 | No Change | No Change |
Studio
Average rent
$2,099
Last 30 days
1%
Last year
136%
1 bedroom
Average rent
$1,193
Last 30 days
No Change
Last year
12%
2 bedroom
Average rent
$1,745
Last 30 days
1%
Last year
2%
3 bedroom
Average rent
$2,000
Last 30 days
6%
Last year
9%
4 bedroom
Average rent
$6,305
Last 30 days
8%
Last year
68%
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
$1,500
Last 30 days
1%
Condos
Average rent
$2,000
Last 30 days
1%
Houses
Average rent
$2,195
Last 30 days
No Change
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
6%lower than the national median
47%lower than the national median
Takeaway
The median rent for all rentals in Traverse City, MI is 76% higher than the median rent in Bellaire, MI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,015
23%$1,749
15%$879
8%$1,104
5%$962
3%$850
$2,000
41%$1,521
$1,136
31%$1,050
16%$1,405
34%$1,700
2%Discover rentals in Traverse City, MI
1d ago
947 S Garfield Ave, Traverse City, MI 49686
1–2 beds
1 bath
$463–$1,755
Apartment for rent
2h ago
520 Wellington St, Traverse City, MI 49686
1–3 beds
1–2 baths
$498–$1,780
Apartment for rent
1d ago
4155 Sprucewood Dr, Traverse City, MI 49685
1–3 beds
1–2 baths
$528–$1,595
Apartment for rent
2d ago
Verified
1793 Linden Ave, Traverse City, MI 49686
1–2 beds
1 bath
$1,038–$1,244
Apartment for rent
5d+ ago
House for rent in Traverse City
100 N Park St, Traverse City, MI 49684
Studio
0 baths
$10,000
House for rent
5d+ ago
House for rent in Traverse City
1704 Comanche St, Traverse City, MI 49686
Studio
0 baths
$5,000
House for rent
5d+ 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
5d+ ago
Condo for rent in Traverse City
3 beds
3 baths
$3,500
Condo for rent
2d ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
$2,775–$3,395
Apartment for rent
Available Mar 3
2d ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
$1,143–$1,470
Apartment for rent
4h ago
Verified
309 W Front St, Traverse City, MI 49684
Studio–2 beds
1–2 baths
$2,040–$2,419
Price drop
Apartment for rent
5d+ ago
Townhouse for rent in Traverse City
3905 Vale Dr #3905, Traverse City, MI 49686
2 beds
1.5 baths
$1,900
House for rent
Available Jul 1
2d ago
Verified
1831 Brigantine Blvd, Traverse City, MI 49686
3–5 beds
2 baths
$2,775–$3,395
Apartment for rent
Available Mar 3
4h ago
Verified
309 W Front St, Traverse City, MI 49684
Studio–2 beds
1–2 baths
$2,040–$2,419
Price drop
Apartment for rent
2d ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
$1,143–$1,470
Apartment for rent
5d+ ago
Verified
600 Bay Hill Dr, Traverse City, MI 49684
1–3 beds
1–2 baths
Call for price
Apartment for rent
5d+ ago
2906 2906 -2948 Feiger Lane, Traverse City, MI 49684
3 beds
1 bath
$2,100–$2,255
Price drop
Apartment for rent
12h ago
Verified
440 Munson Ave, Traverse City, MI 49686
1 bed
1 bath
$1,180
Apartment for rent
2d ago
Verified
309 W Front St, Traverse City, MI 49684
Studio
1 bath
Call for price
Apartment for rent
3d ago
Verified
927 Woodmere Ave, Traverse City, MI 49686
3 beds
1 bath
Call for price
Apartment for rent
Stay up to date with rental market insights
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 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 $1,787 per month as of September 12, 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 1% since last year.
How does Traverse City rent compare to the national average?
Rent in Traverse City is 6% below the national average, which means renters are paying approximately $112 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 $72,000/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).