Traverse City, MI rental market
What is the average rent in Traverse City, MI?
Last updated August 31, 2026
Rental market summary
The average rent for all bedrooms and all property types in Traverse City, MI is $2,000.
Average rent
$2,000
Month-over-month change
-$200
Year-over-year change
-$300
Available rentals
150
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $463 to $9,000.
| Rent price | Number of rental properties |
|---|---|
| $0 | 1 |
| $900 | 3 |
| $1,000 | 3 |
| $1,100 | 3 |
| $1,200 | 5 |
| $1,300 | 6 |
| $1,400 | 12 |
| $1,500 | 9 |
| $1,600 | 6 |
| $1,700 | 24 |
| $1,800 | 23 |
| $1,900 | 19 |
| $2,000 | 14 |
| $2,100 | 12 |
| $2,200 | 10 |
| $2,300 | 7 |
| $2,400 | 8 |
| $2,500 | 9 |
| $2,600 | 5 |
| $2,700 | 10 |
| $2,800 | 6 |
| $2,900 | 4 |
| $3,000 | 7 |
| $3,100 | 1 |
| $3,200 | 2 |
| $3,300 | 1 |
| $3,400 | 1 |
| $3,500 | 1 |
| $3,600 | 2 |
| $3,700 | 1 |
| $3,800 | 3 |
| $3,900 | 1 |
| $4,400 | 3 |
| $4,500 | 3 |
| $5,000+ | 4 |
Average rent price over time
In the last year, rent has decreased by $300 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,800 | $1,875 |
| Feb | $1,740 | $1,900 |
| Mar | $1,822 | $1,975 |
| Apr | $2,100 | $1,895 |
| May | $2,115 | $2,250 |
| Jun | $2,150 | $2,300 |
| Jul | $2,300 | $2,250 |
| Aug | $2,400 | $2,200 |
| Sep | $2,300 | No data |
| Oct | $2,099 | No data |
| Nov | $2,000 | No data |
| Dec | $1,885 | 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 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?
2. What is the average rent for a studio apartment in Traverse City, MI?
3. What is the average rent for a one-bedroom apartment in Traverse City, MI?
4. What is the average rent for a two-bedroom apartment in Traverse City, MI?
5. What is the average rent for a three-bedroom apartment in Traverse City, MI?
6. What is the average rent for a four-bedroom apartment in Traverse City, MI?
7. How much does it cost to rent a house in Traverse City, MI?
8. How has the rent in Traverse City, MI changed in the last year?
9. How much has the rent in Traverse City, MI increased/decreased in the last month?
10. How many available rentals are there in Traverse City, MI?
11. How do rent prices in Traverse City, MI compare with the national average?
Nearby areas
