$1,195
Total Monthly Price
- 1 Bed
- 1 Bath
- 750 Sq Ft
- Condo for Rent
107 Cass St Unit Condo 2, Traverse City, MI 49684
(231) 943-6477
Frequently Asked Questions
How much does it cost to rent a condo in Traverse City, MI?
The median rent for a condo in Traverse City, MI is $2,086 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Traverse City, MI?
To comfortably afford the median rent in Traverse City, MI, a household needs to earn roughly $91,480 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 $2,287 per month in Traverse City, MI, renters typically need to show $6,861 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 Traverse City, MI?
In Traverse City, MI, the price-to-rent ratio is 16.0, 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.
