Traverse City, MI rental market
Last updated August 11, 2025
Rental market summary
The average rent for all bedrooms and all property types in Traverse City, MI is $2,400.
$2,400
+$100
+$25
114
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $454 to $18,000.
| Rent price | Number of rental properties |
|---|---|
| $700 | 1 |
| $800 | 1 |
| $900 | 1 |
| $1,100 | 2 |
| $1,300 | 3 |
| $1,400 | 5 |
| $1,500 | 3 |
| $1,600 | 5 |
| $1,700 | 10 |
| $1,800 | 10 |
| $1,900 | 7 |
| $2,000 | 7 |
| $2,100 | 10 |
| $2,200 | 11 |
| $2,300 | 10 |
| $2,400 | 15 |
| $2,500 | 10 |
| $2,600 | 2 |
| $2,700 | 7 |
| $2,800 | 6 |
| $2,900 | 6 |
| $3,000 | 3 |
| $3,100 | 1 |
| $3,200 | 5 |
| $3,300 | 1 |
| $3,400 | 4 |
| $3,500 | 4 |
| $3,600 | 2 |
| $3,700 | 3 |
| $3,800 | 2 |
| $3,900 | 6 |
| $4,000 | 4 |
| $4,900 | 1 |
| $5,000+ | 8 |
Average rent price over time
In the last year, rent has increased by $25 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 | No data |
| Oct | $2,000 | No data |
| Nov | $1,900 | No data |
| Dec | $1,900 | No data |
Market temperature
The Traverse City, MI rental market temperature is WARM. 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 14% higher than the national average.
$2,400
$2,100
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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 $2,400.
2. How much does it cost to rent a house in Traverse City, MI?
Houses in Traverse City, MI rent between $454 - $18,000 with an average rent of $2,400.
3. 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 $25
4. 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 increased by $100
5. How many available rentals are there in Traverse City, MI?
There are currently 114 rentals available in Traverse City, MI.
6. How do rent prices in Traverse City, MI compare with the national average?
The average rent in Traverse City, MI is $2,400 — 14.29% higher the national average of $2,100.