What's the average rent in Petoskey, MI?
Rental Market Trends in Petoskey, MI
SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Petoskey, MI is $1,666 per month, which is 13% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$1,666
-4.8%-$84 decrease month-over-month
-8.4%-$154 decrease year-over-year
AVAILABLE RENTALS
22
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Petoskey, MI at $1,554 per month, while townhomes are the most expensive at $2,200 per month. Houses average $2,000 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | — |
| All | $1,666 |
As of May 2026, the average rent for a 1 bedroom rental in Petoskey, MI is $1,400 per month, followed by $1,700 for a 2 bedroom rental, and $2,800 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,200 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,200 |
As of May 2026, the average rent for a 2 bedroom townhome in Petoskey, MI is $2,200 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $3,000 |
| 4 Bedrooms | — |
| All | $1,500 |
As of May 2026, the average rent for a 1 bedroom apartment in Petoskey, MI is $1,250 per month, followed by $1,750 for a 2 bedroom apartment, and $3,000 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | — |
| All | $2,000 |
As of May 2026, the average rent for a 2 bedroom house in Petoskey, MI is $1,000 per month, followed by $2,400 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +10% compared to the previous year, which is a +$148 increase.
This year (2026)
Last year (2025)
Rent distribution
35% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $850 to $5,000.
