Traverse City, MI rental market
What is the average rent in Traverse City, MI?
Last updated October 31, 2025
Rental market summary
The average rent for all bedrooms and all property types in Traverse City, MI is $2,000.
$2,000
-$40
+$100
149
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,000 to $14,500.
| Rent price | Number of rental properties |
|---|---|
| $900 | 1 |
| $1,000 | 2 |
| $1,100 | 2 |
| $1,200 | 7 |
| $1,300 | 11 |
| $1,400 | 12 |
| $1,500 | 14 |
| $1,600 | 8 |
| $1,700 | 10 |
| $1,800 | 13 |
| $1,900 | 20 |
| $2,000 | 13 |
| $2,100 | 11 |
| $2,200 | 8 |
| $2,300 | 9 |
| $2,400 | 4 |
| $2,500 | 7 |
| $2,600 | 3 |
| $2,700 | 8 |
| $2,800 | 4 |
| $2,900 | 11 |
| $3,000 | 7 |
| $3,100 | 2 |
| $3,200 | 2 |
| $3,300 | 2 |
| $3,400 | 4 |
| $3,500 | 4 |
| $3,600 | 1 |
| $3,700 | 1 |
| $3,800 | 4 |
| $3,900 | 6 |
| $4,000 | 3 |
| $4,400 | 1 |
| $4,500 | 1 |
| $5,000+ | 4 |
Average rent price over time
In the last year, rent has increased by $100 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,825 | $1,800 |
| Feb | $1,819 | $1,740 |
| Mar | $1,950 | $1,822 |
| Apr | $2,230 | $2,100 |
| May | $2,500 | $2,115 |
| Jun | $2,400 | $2,150 |
| Jul | $2,399 | $2,300 |
| Aug | $2,399 | $2,400 |
| Sep | $2,250 | $2,300 |
| Oct | $2,000 | $2,099 |
| Nov | $1,900 | No data |
| Dec | $1,900 | No data |
Market temperature
The Traverse City, MI rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Traverse City, MI is equal to rent in the national average.
$2,000
$2,000
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Frequently asked questions
1. What is the average rent in Traverse City, MI?
The average rent in Traverse City, MI is $2,000.
2. What is the average rent for a one-bedroom apartment in Traverse City, MI?
The average rent for a one-bedroom apartment in Traverse City, MI is $1,450 per month.
3. What is the average rent for a two-bedroom apartment in Traverse City, MI?
The average rent for a two-bedroom apartment in Traverse City, MI is $1,825 per month.
4. What is the average rent for a three-bedroom apartment in Traverse City, MI?
The average rent for a three-bedroom apartment in Traverse City, MI is $2,322 per month.
5. What is the average rent for a four-bedroom apartment in Traverse City, MI?
The average rent for a four-bedroom apartment in Traverse City, MI is $3,121 per month.
6. How much does it cost to rent a house in Traverse City, MI?
Houses in Traverse City, MI rent between $1,000 - $14,500 with an average rent of $2,000.
7. How has the rent in Traverse City, MI changed in the last year?
In the last year, the rent in Traverse City, MI increased by $100
8. How much has the rent in Traverse City, MI increased/decreased in the last month?
In the last month, the rent in Traverse City, MI decreased by $40
9. How many available rentals are there in Traverse City, MI?
There are currently 149 rentals available in Traverse City, MI.
10. How do rent prices in Traverse City, MI compare with the national average?
The average rent in Traverse City, MI is $2,000 — the same as the national average of $2,000.