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 May 2026, the average rent in Traverse City, MI is $2,250 per month, which is 18% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,250

18.5%$351 increase month-over-month

6.4%$135 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,677

HOUSES

$2,850

TOWNHOUSES

$1,985

As of May 2026, apartments are the most affordable rental option in Traverse City, MI at $1,677 per month, while houses are the most expensive at $2,850 per month. Townhomes average $1,985 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,621
2 Bedrooms	$1,840
3 Bedrooms	$2,600
4 Bedrooms	$3,850
All	$2,250

As of May 2026, the average rent for a 1 bedroom rental in Traverse City, MI is $1,621 per month, followed by $1,840 for a 2 bedroom rental, $2,600 for a 3 bedroom rental, and $3,850 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	—
3 Bedrooms	$3,300
4 Bedrooms	$35,000
All	$3,300

As of May 2026, the average rent for a 3 bedroom townhome in Traverse City, MI is $3,300 per month, followed by $35,000 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,500
2 Bedrooms	$2,600
3 Bedrooms	$2,000
4 Bedrooms	$3,900
All	$1,800

As of May 2026, the average rent for a 1 bedroom apartment in Traverse City, MI is $1,500 per month, followed by $2,600 for a 2 bedroom apartment, $2,000 for a 3 bedroom apartment, and $3,900 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,050
2 Bedrooms	$1,900
3 Bedrooms	$2,700
4 Bedrooms	$3,850
All	$2,800

As of May 2026, the average rent for a 1 bedroom house in Traverse City, MI is $1,050 per month, followed by $1,900 for a 2 bedroom house, $2,700 for a 3 bedroom house, and $3,850 for a 4 bedroom house.