Petoskey, MI Condos for Rent

/16
$1,789

Total Monthly Price
- 2 Beds
- 1 Bath
- 1,200 Sq Ft
- Condo for Rent
2451 M 119 Unit 5, Petoskey, MI 49770

Experience the charm and comfort of Chester's Chalets nestled in the serene woods, perfectly positioned just a few minutes' walk from the stunning sandy shores of Lake Michigan. Adjoining Petoskey State Park, this property offers a unique opportunity to immerse yourself in nature while enjoying the convenience of modern living. Whether you're looking to explore the ice formations in winter or

2451 M 119 Unit 5, Petoskey, MI 49770
/24
$3,000

Total Monthly Price
- 2 Beds
- 1.5 Baths
- 876 Sq Ft
- Condo for Rent
104 Division St, Petoskey, MI 49770

Historic Charm Meets Modern Luxury Overlooking Little Traverse BayBe the very first to live in one of these two stunning, newly renovated apartments combining 1895 architectural character with high-end modern comforts.The Upgrades: Enjoy brand-new custom kitchens, added central AC, a new heating system, cozy gas fireplaces, a brand-new roof, and windows for worry-free

104 Division St, Petoskey, MI 49770
/24
$3,000

Total Monthly Price
- 2 Beds
- 1.5 Baths
- 876 Sq Ft
- Condo for Rent
104 Division St, Petoskey, MI 49770

Historic Charm Meets Modern Luxury Overlooking Little Traverse BayBe the very first to live in one of these two stunning, newly renovated apartments combining 1895 architectural character with high-end modern comforts.The Upgrades: Enjoy brand-new custom kitchens, added central AC, a new heating system, cozy gas fireplaces, a brand-new roof, and windows for worry-free

104 Division St, Petoskey, MI 49770

Michigan Emmet County

Frequently Asked Questions

How much does it cost to rent a condo in Petoskey, MI?

The median rent for a condo in Petoskey, MI is $3,000 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.

How much do you need to make to afford rent in Petoskey, MI?

To comfortably afford the median rent in Petoskey, MI, a household needs to earn roughly $71,760 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,794 per month in Petoskey, MI, renters typically need to show $5,382 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Petoskey, MI?

In Petoskey, MI, the price-to-rent ratio is 21.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Petoskey, MI

There are currently 3 condos available for rent in Petoskey, MI. The median rent is $3,000 per month, with 2-bedroom condos at $3,000.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $3,000
Median 2 Bedroom Condo Rent $3,000

How to Rent a Home

Rentals in Petoskey

Condos for Rent by Bedrooms in Petoskey

2 Bedroom Condos for Rent in Petoskey

More About Living in Petoskey

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