Cheap Apartments for Rent in Petoskey, MI
20 rentals
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PET FRIENDLY$1,699 - $1,849/mo
1-2 Beds
1-2 BathsThe Block at Petoskey | 1420 Standish Ave #106E,
Petoskey, MI 49770
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Apartments For Rent Near Petoskey, MI
We found 30 more apartments matching your filters just outside Petoskey
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Use arrow keys to navigateINCOME RESTRICTED$905 - $1,074/mo1-2 Beds1 BathNorthwind Apartment Homes | 403 W Mitchell St #de2c6f161,
Gaylord, MI 49735
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Average Rent Trends in Petoskey, MI
Rent in Petoskey, MI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,061 |
| Jul 2025 | $1,450 |
| Aug 2025 | $1,515 |
| Sep 2025 | $1,700 |
| Oct 2025 | $2,200 |
| Nov 2025 | $2,000 |
| Dec 2025 | $2,000 |
| Jan 2026 | $2,000 |
| Feb 2026 | $2,000 |
| Mar 2026 | $1,800 |
| Apr 2026 | $1,750 |
| May 2026 | $1,698 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,400 | $1,700 | $2,800 | — | $1,666 |
| Townhomes | — | $2,200 | — | — | $2,200 |
| Apartments and Condos | $1,250 | $1,750 | $3,000 | — | $1,500 |
| Houses | — | $1,000 | $2,400 | — | $2,000 |
Frequently Asked Questions about Rentals in Petoskey, MI
- What is the average rent in Petoskey, MI?The average rent in Petoskey, MI is $1,666. Rent prices range from $850 to as much as $5,000, depending on the type of rental.
- How does the rent in Petoskey, MI compare to the national average?Average rent in Petoskey, MI is about 13% lower than the national average rent of $1,910. That means it is less expensive to rent in Petoskey compared to the U.S. average.
- What is the average rent in Petoskey, MI, by number of bedrooms?The average rent in Petoskey, MI is $1,390 for a studio, $1,400 for a 1 bedroom, $1,700 for a 2 bedroom, $2,800 for a 3 bedroom, and $ for a 4 bedroom.
- How have rent prices in Petoskey, MI changed compared to last year?In the past year, the average rent price in Petoskey, MI has decreased by $154. That means the average rent is 9% lower than last year.
- How many available rental listings are in Petoskey, MI?There are 22 available rental listings in Petoskey, MI.
- What are some neighborhoods in Petoskey, MI?Some neighborhoods in Petoskey, MI include: Bay Harbor.
- What are some zip codes in Petoskey, MI?Petoskey, MI includes zip codes such as: 49770.
- What are some cities near Petoskey, MI?Some nearby cities include: Walloon Lake, Oden, Alanson, Boyne Falls, Boyne City. These cities may have more rental options to explore.
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