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Rent in Traverse City, MI: Prices & Apartments for Rent

As of October 17, 2026, the median asking rent for a 1-bedroom in Traverse City, MI is $1,540/month, based on 23 active listings on Redfin, Zillow and ApartmentHomeLiving. 2-bedroom: $1,900 (67 listings).

That is 68% above the Michigan 1-bedroom median of about $915.

Updated · 286 listings. Prices are advertised asking rents; check availability on the original listing. How we calculate

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Median rent in Traverse City

From listings with a single price and a single bedroom count. Fewer than 20 such listings and we leave the figure out.

Studio
—
1 listing
1 bedroom
$1,540
23 listings
2 bedrooms
$1,900
67 listings
3+ bedrooms
$2,550
78 listings

Rentals in Traverse City

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Renting in Traverse City: common questions

What is the median rent for a 1-bedroom apartment in Traverse City, MI?
As of October 17, 2026, the median asking rent for a 1-bedroom in Traverse City, MI is $1,540 per month, based on 23 listings with a single price. A 2-bedroom has a median of $1,900.
How many rentals are available in Traverse City, MI?
286 rentals are listed in Traverse City, MI on Redfin, Zillow and ApartmentHomeLiving as of October 17, 2026, after removing listings that appear on more than one site.
How are these rent prices calculated?
We collect active listings from Redfin, Zillow and ApartmentHomeLiving, remove duplicates across sites, and take the median of asking rents for listings with one price and one bedroom count. If fewer than 20 listings qualify for a bedroom size, we leave that figure out. Read the full methodology
How much income do I need to rent in Traverse City, MI?
Many landlords ask for gross income of at least 3 times the monthly rent. For a median 1-bedroom at $1,540/month, that is about $4,620 a month, or $55,440 a year.

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