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Houses for Rent in Traverse City, MI

Showing 10 rentals in Traverse City, then 6 more within 25 miles, nearest first.
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What to Know About

Life in Traverse City & Beyond

Traverse City shares many of the great qualities that make Michigan a desirable place to live.

Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Traverse City, MI

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As of November 2026, Traverse City's rental market is stable, with rentals spending about 25 days on the market, about the same as in Michigan (24), and rents up 1.9% over the past year. Traverse City's average rent is 30.3% ($475) higher than the Michigan average of $1,569 and 0.4% ($8) higher than the U.S. average of $2,036.

Average Rent
$2,044
Monthly ChangeMonth Over Month Change
Decreased0.87% ($18)
Yearly ChangeYear Over Year Change
Increased1.9% ($38)
Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,447 Increased0.20% ($3) Increased1.4% ($20)
2 Beds $1,817 Decreased0.03% ($1) Increased1.9% ($33)
3 Beds $2,412 Decreased0.02% Increased2.0% ($46)
Nearby Cities Average Rent Avg. Rent vs. Traverse CityAverage Rent vs. Traverse City Days on Market
Grawn $1,556 Decreased23.9% ($488) 24 days
Williamsburg $2,001 Decreased2.1% ($43) 24 days
Lake Ann $1,730 Decreased15.4% ($314) 24 days
Suttons Bay $1,997 Decreased2.3% ($47) 24 days
Elk Rapids $1,863 Decreased8.9% ($181) 24 days
Based on rentals advertised on RentalSource in and around Traverse City.
Frequently Asked Questions
Traverse City Rental Market FAQs

Explore rental prices, market conditions, and affordability in Traverse City, MI.

The average rent in Traverse City, MI is about $2,044 per month.
In Traverse City, the average rent is about $1,447 per month for a 1-bedroom house, about $1,817 for a 2-bedroom house and about $2,412 for a 3-bedroom house.
The average rent in Traverse City is 0.4% ($8) higher than the national average of $2,036 per month.
The rental market in Traverse City, MI is currently stable, with rentals spending about 25 days on the market, about the same as in Michigan (24), and rents up 1.9% over the past year.
Based on the current averages, a household would need an annual income of about $72,700 to comfortably afford a 2-bedroom house in Traverse City.
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