What's the average rent in Traverse City, MI?

Rental Market Trends in Traverse City, MI

Search for Apartments in Traverse City, MI

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Traverse City, MI is $2,028 per month, which is 4% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,028

-9.9%-$222 decrease month-over-month

-7.8%-$172 decrease year-over-year

AVAILABLE RENTALS

162

APARTMENTS

$1,907

HOUSES

$2,650

TOWNHOUSES

$2,000

As of September 2026, apartments are the most affordable rental option in Traverse City, MI at $1,907 per month, while houses are the most expensive at $2,650 per month. Townhomes 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	$1,600
2 Bedrooms	$1,861
3 Bedrooms	$2,550
4 Bedrooms	$3,500
All	$2,028

As of September 2026, the average rent for a 1 bedroom rental in Traverse City, MI is $1,600 per month, followed by $1,861 for a 2 bedroom rental, $2,550 for a 3 bedroom rental, and $3,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,667
3 Bedrooms	$2,000
4 Bedrooms	—
All	$2,000

As of September 2026, the average rent for a 2 bedroom townhome in Traverse City, MI is $1,667 per month, followed by $2,000 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,000
3 Bedrooms	$2,550
4 Bedrooms	$3,095
All	$1,800

As of September 2026, the average rent for a 1 bedroom apartment in Traverse City, MI is $1,600 per month, followed by $2,000 for a 2 bedroom apartment, $2,550 for a 3 bedroom apartment, and $3,095 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,975
3 Bedrooms	$2,672
4 Bedrooms	$4,200
All	$2,650

As of September 2026, the average rent for a 1 bedroom house in Traverse City, MI is $1,200 per month, followed by $1,975 for a 2 bedroom house, $2,672 for a 3 bedroom house, and $4,200 for a 4 bedroom house.