Traverse City MI Apartments

38 rentals

Apartments For Rent Near Traverse City, MI

We found 27 more apartments matching your filters just outside Traverse City

Average Rent Trends in Traverse City, MI

Rent in Traverse City, MI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Jun 2026 compared to the previous month. Rent for apartments peaked in Aug 2025.
MonthAverage rent
Jul 2025$1,600
Aug 2025$1,866
Sep 2025$1,779
Oct 2025$1,667
Nov 2025$1,724
Dec 2025$1,665
Jan 2026$1,642
Feb 2026$1,671
Mar 2026$1,722
Apr 2026$1,628
May 2026$1,676
Jun 2026$1,659
View as a graph

Average Rent By Bedroom and Home Type

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,540$1,881$2,578$3,095$2,350
Townhomes$1,400$1,700$2,000$30,000$2,000
Apartments and Condos$1,200$1,950$2,000$3,095$1,800
Houses—$2,400$2,633$3,800$2,633
See more information about local market trends in Traverse City, MI

Frequently Asked Questions about Apartments and Condos for rent in Traverse City, MI

  • What is the average rent of an apartment in Traverse City, MI?
    The average rent of an apartment in Traverse City, MI is $1,719 per month. This is about 12% lower than the national average.
  • When is the average rent for an apartment cheapest in Traverse City, MI?
    In the last year, the average rent in Traverse City, MI was lowest in May 2025 when it was $1,556 per month.
  • When is the average rent for an apartment most expensive in Traverse City, MI?
    In the last year, the average rent in Traverse City, MI was highest in Aug 2025 when it was $1,866 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Traverse City, MI?
    The average rent of a 1 bedroom apartment in Traverse City, MI is $1,424 per month. That is about $561 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in Traverse City, MI?
    There are 52 available apartments or condos to rent in Traverse City, MI.
  • What are some neighborhoods in Traverse City, MI?
    Some neighborhoods in Traverse City, MI include: Central, Greilickville, Chums Corner, Oak Park, Traverse Heights.
  • What are some zip codes in Traverse City, MI?
    Traverse City, MI includes zip codes such as: 49684, 49686, 49685, 49696, 49673.
  • What are some cities near Traverse City, MI?
    Some nearby cities include: Williamsburg, Grawn, Cedar, Kingsley, Lake Ann. These cities may have more rental options to explore.
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