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Traverse City, MI Houses for Rent

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    Starting at $2,550 Per Month

    • 3 - 5 Beds

    1831 Brigantine Blvd, Traverse City, MI 49686

    Liv East Bay houses to rent in Traverse City, MI. Experience Liv living, where every detail is designed for your happiness and wellness. Liv East Bay harmonizes wellness, sustainability, and community through thoughtfully curated amenities, programs, and services. Located near Cherry Capital Airport, Grand Traverse Bay, and Downtown Traverse City, our three, four, and five-bedroom homes for rent

    Liv East Bay

    (231) 660-8336

    1831 Brigantine Blvd, Traverse City, MI 49686
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    Starting at $2,399 Per Month

    • 3 Beds

    3462 Tanager Dr, Traverse City, MI 49685

    Due to a cancelation, we now have one available home at 1856 Finch Drive. Now taking applications and pre-approvals. We have other homes coming available in the next few months. Dog Friendly! These Single level, Three bedroom, two bathroom homes, with two car attached garage, Asphalt drive, and fenced in large back yard, have 1208 sq ft of In Floor heated Luxury Vinyl Plank flooring in every

    Woodbury Estates

    (231) 668-6347

    3462 Tanager Dr, Traverse City, MI 49685
  • /23

    $1,539 Per Month

    • 3 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • House for Rent

    4095 Geranium Ln, Traverse City, MI 49685

    Take advantage of this opportunity to own a well maintained 3 bedroom 2 bathroom home featuring a spacious open floor plan designed for comfort and convenience. This move in ready home offers a bright living space that connects seamlessly to a large kitchen creating an ideal setup for everyday living dining and entertaining. The functional layout includes three comfortable bedrooms and two full

    (231) 437-5987

    4095 Geranium Ln, Traverse City, MI 49685
  • /25

    $1,649 Per Month

    • 2 Beds
    • 2 Baths
    • 896 Sq Ft
    • House for Rent

    4418 E Daisy Ln, Traverse City, MI 49685

    Step into this stunning 2 bedroom 2 bathroom home built in 2023 and ready for immediate occupancy. Designed with modern living in mind this bright and well maintained home offers comfort style and convenience from the moment you walk in. Located in the desirable Meadow Lane Community just south of Traverse City this home places you close to major employers shopping dining and all the attractions

    (231) 437-5928

    4418 E Daisy Ln, Traverse City, MI 49685
  • /12

    $1,950 Per Month

    • 3 Beds
    • 2 Baths
    • 1,280 Sq Ft
    • House for Rent

    4652 Meadow Lane Dr, Traverse City, MI 49685

    Property Id: 25001363 Bed 2 Bath house located in Meadow Lane. Pets allowed for an additional fee. Must be community approved. Community amenities include playground, pickleball courts, walking track and a basketball court.

    (812) 578-8465

    4652 Meadow Lane Dr, Traverse City, MI 49685
  • /19

    $2,475 Per Month

    • 3 Beds
    • 1 Bath
    • 975 Sq Ft
    • House for Rent

    1128 Rose St, Traverse City, MI 49686

    Property Id: 2572464Enjoy the luxury and simplicity of living downtown Traverse City in this newly-updated and thoughtfully- landscaped property. Situated in the welcoming and friendly Traverse Heights neighborhood, this space is walking distance to parks / playgrounds, the library, The TART Trail, Potter's Bakery, and Family Fare. The fully-fenced in yard is perfect for families with

    (262) 290-4190

    1128 Rose St, Traverse City, MI 49686
  • /10

    $2,500 Per Month

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    3134 Horseshoe Dr, Traverse City, MI 49684

    Property Id: 2541317Ideal for traveling professionals or shared housing, this home features a functional layout with plenty of space to spread out, plus a 2-car carport and fully fenced backyard, pickball/basketball court, outdoor fire pit, and large deck. Bussing to Central Grade School, East Middle School and Central High School. Features:4 bedrooms / 2 full

    (231) 715-5832

    3134 Horseshoe Dr, Traverse City, MI 49684
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    $2,200 Per Month

    • 3 Beds
    • 1 Bath
    • 1,300 Sq Ft
    • House for Rent

    1729 N Keystone Rd, Traverse City, MI 49696

    Property Id: 13003233 bed, 1 bath home sitting on the front side of a 10 acre homestead, with the Boardman River running through the back.Available immediately, move in date negotiable.Lease length negotiable.No smoking, pets considered.

    (616) 980-4769

    1729 N Keystone Rd, Traverse City, MI 49696
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    $3,300

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,579 Sq Ft
    • House for Rent

    212 Wellington St, Traverse City, MI 49686

    Available: August 1st – May 31stSpecs: 3 Bedrooms | 1.5 Bathrooms | 1-Car Detached GarageTerms: 10-Month Lease | Fully FurnishedRent: $3,300 + UtilitiesThe SpaceEmbrace the perfect blend of historic downtown charm and curated modern design. Located in one of Traverse City’s most desirable, walkable neighborhoods, this beautifully maintained 3-bedroom,

    212 Wellington St, Traverse City, MI 49686
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    $3,000

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 500 Sq Ft
    • House for Rent

    8073 Outer Dr S, Traverse City, MI 49685

    2 Bed / 2 Bathrooms, full house rental for 1-8 month stays between September 2026 and April 2027. [NOT available during the summer months.] This lovely modern cottage is available for monthly stays and offers the perfect blend of comfort and style. A quality new build with thoughtful finishes, it’s located on the scenic Long Lake Peninsula in a rustic, walkable neighborhood featuring a

    8073 Outer Dr S, Traverse City, MI 49685
  • /5

    $2,300

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,400 Sq Ft
    • House for Rent

    3119 Cedar Valley Dr, Traverse City, MI 49684

    This property at 3119 Cedar Valley Dr features 3 bedrooms and 1.5 bathrooms,. The living room offers ample space for relaxation and entertainment, while the bedrooms provide comfortable accommodations. The full bathroom includes essential fixtures, and the half bath adds convenience for guests. Key amenities include a washer and dryer, storage space, heating, ceiling fans.. The exterior of the

    3119 Cedar Valley Dr, Traverse City, MI 49684
  • /19

    $3,175 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,910 Sq Ft
    • House for Rent

    2320 Anchor Ave, Traverse City, MI 49686

    Welcome to 2320 Anchor Ave., a brand-new 4-bedroom, 2.5-bath home for rent in the desirable Liv East Bay community, Traverse City's newest single-family rental community, professionally managed by the trusted Liv Communities team. Featuring a mocha exterior and modern curb appeal, the home stands out from the moment you arrive. Inside, the 4 bedroom 'Empire' floorplan offers 1,910 sq. ft. of

    Kelly Thomson Liv Communities, LLC

    2320 Anchor Ave, Traverse City, MI 49686
  • /45

    $10,500 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,900 Sq Ft
    • Furnished Executive Extended Stay Rental on Old Mission Peninsula

    7320 Peninsula Dr, Traverse City, MI 49686

    August and September availability make this an ideal option for Horse Show participants looking for convenient upscale housing on OMP.Monthly Rates Vary: (Includes utilities and snow plowing.)-August $10,500/month-Sept $7,000/month-Oct $5,000/month-Nov to April $4,500/month Note: This property is not a standard long-term rental and is a furnished extended stay

    7320 Peninsula Dr, Traverse City, MI 49686
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    $5,000 Per Month

    • 4 Beds
    • 1.5 Baths
    • House for Rent

    1704 Comanche St, Traverse City, MI 49686

    Located in the highly sought-after Indian Woods neighborhood, this beautifully maintained 4 bedroom, 1.5 bath home offers exceptional comfort and convenience in the heart of Traverse City. The property is just blocks from the beach, college campus, grocery store, and Eastern Elementary, and is only seven minutes from Munson Medical Center, making it an ideal location for both families and

    Patrick Lund Keller Williams Northern Michigan

    1704 Comanche St, Traverse City, MI 49686
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    $1,300 Per Month

    • 1 Bed
    • 1 Bath
    • 484 Sq Ft
    • Inviting Fully Furnished Studio Condo!

    124 Beech St, Traverse City, MI 49684

    Step into a studio that makes smart living feel like a luxury. This efficient, stylish condo features a thoughtfully designed open-concept layout with a welcoming entryway that flows into a bright living, dining, and sleeping space. The well-equipped kitchen is ready for everything from quick breakfasts to dinner with friends, while the full bathroom offers a clean, modern tub/shower combo. Every

    124 Beech St, Traverse City, MI 49684
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    $3,400 Per Month

    • 3 Beds
    • 3 Baths
    • House for Rent

    4515 Greilick Rd, Traverse City, MI 49696

    Newly renovated Mid-Century home offers a perfect blend of charm and tranquility. The home features a private, completely renovated primary suite with a huge walk-in closet, 2 additional bedrooms upstairs, a finished basement with tons of living space, 2 car garage, and it is on Spider Lake! The surrounding woods provide privacy and a natural buffer, making this home a private haven. Despite its

    Mandy Brown Homewaters, LLC

    4515 Greilick Rd, Traverse City, MI 49696
  • /46

    $6,500 Per Month

    • 3 Beds
    • 3.5 Baths
    • 2,346 Sq Ft
    • Furnished Pet-Friendly 30-Day Extended Stay Riverfront Condo

    213 Midtown Dr, Traverse City, MI 49684

    Available 9/1/2026-4/30/2027. Downtown Traverse City townhome with River Views. Pet-friendly. 30-day Rental. Sept $6500Nov 2026-April 2027 $4500/monthNote: This property is not a standard long-term rental and is a furnished extended stay guest rental.This downtown waterfront condo offers 3 bedrooms 3.5 baths on 3 levels with an attached garage. Additional off-street

    213 Midtown Dr, Traverse City, MI 49684
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    $3,400 Per Month

    • 5 Beds
    • 2 Baths
    • House for Rent

    3134 Horseshoe Dr, Traverse City, MI 49684

    Located in a quiet, no-outlet subdivision, this home offers both privacy and convenience just minutes from Walmart, Home Depot, and Target. Fully furnished for a turnkey living experience, the home includes on-site laundry and a gas stovetop for added everyday comfort and functionality. The property features an exceptional outdoor setup with a large deck, fire pit, and a private

    Kelly Leipprandt REMAX Bayshore - West Shore Dr TC

    3134 Horseshoe Dr, Traverse City, MI 49684
  • /5

    $1,450 Per Month

    • 2 Beds
    • 1 Bath
    • 725 Sq Ft
    • House for Rent

    1900 Apartment Dr, Traverse City, MI 49696

    2-bedroom 1-bathPETS: No dogs, Cats are ok (Pet rent/fees apply)- MOVE IN: July 6th or later- No Smoking/Vaping- Shared Coined Laundry- One Assigned Covered Carport Included (Max 2 Vehicles)*Security Deposit $1450*Application Fee: $55 per person 18 years of age and older*Renters Insurance Required*12 Month Lease

    1900 Apartment Dr, Traverse City, MI 49696
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    $3,125 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,910 Sq Ft
    • House for Rent

    2325 Anchor Ave, Traverse City, MI 49686

    Welcome to 2325 Anchor Ave., a brand-new 4-bedroom, 2.5-bath home for rent in the desirable Liv East Bay community, Traverse City's newest single-family rental community, professionally managed by the trusted Liv Communities team. Featuring a richly colored siding exterior accented by stone and modern curb appeal, the home stands out from the moment you arrive. Inside, the 4 bedroom 'Empire'

    Kelly Thomson Liv Communities, LLC

    2325 Anchor Ave, Traverse City, MI 49686
  • /20

    $4,500 Per Month

    • 3 Beds
    • 2 Baths
    • 1,368 Sq Ft
    • Monthly Furnished Rental, Dog-Friendly, Utilities Included

    6260 Cedarmere, Traverse City, MI 49686

    30-day min stay required. Furnished monthly rates vary. Includes utilities! Availability/Rates:- Sept $4,500/month- October $3,000/month- Nov through April $2490/month (excludes plowing)Note: This property is not a standard long-term rental and is a furnished extended stay guest rental.This 3-bedroom, 2-bath ranch sits at the base of Old Mission Peninsula, just

    6260 Cedarmere, Traverse City, MI 49686
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    $3,475 Per Month

    • 5 Beds
    • 2.5 Baths
    • 2,085 Sq Ft
    • House for Rent

    2328 Anchor Ave, Traverse City, MI 49686

    Welcome to 2328 Anchor Ave., a brand-new 5-bedroom, 2.5-bath home for rent in the desirable Liv East Bay community, Traverse City's newest single-family rental community, professionally managed by the trusted Liv Communities team. Featuring a crisp blue exterior and modern curb appeal, the home stands out from the moment you arrive. Inside, the 5 bedroom 'Ottawa' floorplan offers 2,085 sq. ft. of

    Kelly Thomson Liv Communities, LLC

    2328 Anchor Ave, Traverse City, MI 49686
  • /23

    $2,650 Per Month

    • 3 Beds
    • 3 Baths
    • 1,728 Sq Ft
    • Pre-Leasing Winter and Spring Furnished Rental

    4390 Lakeview Trail, Traverse City, MI 49696

    Pre-Leasing for Nov 1st 2026-May 31st 2027. Off-season rental only. 1,700 sq. ft. waterfront cottage on beautiful Spider Lake. Perfect for extended stays of 30 days or more, this fully furnished home combines charm, privacy, and convenience.The cottage features three bedrooms, each with its own bathroom on separate levels, including a non-conforming lower-level bedroom ideal for

    4390 Lakeview Trail, Traverse City, MI 49696
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    $2,000 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    309 W Front St, Traverse City, MI 49684

    Your home in Downtown Traverse City awaits at West End Lofts! This new, fresh apartment building was thoughtfully designed with so many amenities to create an easy, fun lifestyle. You'll appreciate the 13 ft. ceilings (1st floor units), designer finishes, in-unit washer and dryer, luxury vinyl plank flooring, stainless steel appliances, quartz counters, courtyard balcony, courtyard with fire

    Jane Payne Keller Williams Northern Michigan

    309 W Front St, Traverse City, MI 49684
  • /14

    $2,900 Per Month

    • 3 Beds
    • 4 Baths
    • 1,714 Sq Ft
    • GORGEOUS 3 BEDROOM HOME ON WEST SIDE OF TRAVERSE CITY

    3098 Silver Hills Ln, Traverse City, MI 49684

    GORGEOUS 3 BEDROOM HOME ON WEST SIDE OF TRAVERSE CITY offers three bedrooms, two full bathrooms and two half bathrooms in a spacious layout on the west side of Traverse City. Located in a great subdivision and close to many restaurants and shopping. This wonderful home includes a finished basement and a garage workshop for projects or storage. Pets are allowed with owner approval, and the

    3098 Silver Hills Ln, Traverse City, MI 49684
  • /15

    $2,600 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    1399 New Horizons Trail, Traverse City, MI 49686

    This is one of the first homes you see as you pull into the property on a corner lot across the street from the mailbox cluster. It features a 24'x24' 2-car garage, a two-level composite front deck, and a side covered wood porch with a composite landing. The home has 3 bedrooms, 2 baths, a mud room, and a spacious floor plan. The rent for this home is $2,600 per month, which includes the use of

    Clinton Herigstad Traverse Realty & Development

    1399 New Horizons Trail, Traverse City, MI 49686
  • /36

    $2,300 Per Month

    • 4 Beds
    • 1.5 Baths
    • 1,073 Sq Ft
    • Bright & Updated 4-Bedroom Home Close to Everything

    3017 Marmac Ave, Traverse City, MI 49684

    Step inside this beautifully updated 4-bedroom, 1.5-bath home that blends fresh finishes with comfortable living. Recent upgrades include new flooring, fresh paint, updated countertops, cabinets, and modern appliances—giving the entire home a clean, move-in-ready feel.Enjoy the spacious layout with four bedrooms offering flexibility for family, guests, or a home office. Outside, you’ll

    3017 Marmac Ave, Traverse City, MI 49684
  • /23

    $3,000 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    4499 La Marche Cir, Traverse City, MI 49685

    Beautiful brand new home on low-traffic street - Available now Be the first to live in this 2025-built ranch in the conveniently located, Stafford Meadows Subdivision. Combining modern sophistication with single-story living, this home features a bright, open-concept floor plan illuminated by recessed lighting and expansive windows that flood the space with natural light. The kitchen features

    Carole Halmekangas AAA Real Estate

    4499 La Marche Cir, Traverse City, MI 49685
  • /17

    $2,600 Per Month

    • 2 Beds
    • 2 Baths
    • Available June 1st, 2026 — 2 Blocks from Munson Hospital

    121 S Spruce St, Traverse City, MI 49684

    Step right into your new adventure. This fully turn-key home comes beautifully furnished, making move-in day effortless and enjoyable. Comfort Meets StyleRelax in plush queen-size beds designed for restful, high-quality sleep.Charming Outdoor VibesEnjoy your private front porch and take in the beautifully maintained gardens—perfect for morning coffee or unwinding after a long

    121 S Spruce St, Traverse City, MI 49684
  • /3

    $3,445 Per Month

    • 5 Beds
    • 2.5 Baths
    • 2,085 Sq Ft
    • House for Rent

    2274 Anchor Ave, Traverse City, MI 49686

    Welcome to 2274 Anchor Ave., a brand-new 5-bedroom, 2.5-bath home for rent in the desirable Liv East Bay community, Traverse City's newest single-family rental community, professionally managed by the trusted Liv Communities team. Featuring rich mocha siding and modern curb appeal, the home stands out from the moment you arrive. Inside, the 5 bedroom 'Ottawa' floorplan offers 2,085 sq. ft. of

    Kelly Thomson Liv Communities, LLC

    2274 Anchor Ave, Traverse City, MI 49686
  • /25

    $2,350 Per Month

    • 3 Beds
    • 2 Baths
    • 1,700 Sq Ft
    • Modern 3-Bedroom Duplex in Holiday Hills, Traverse City

    3463 Blackwood Dr, Traverse City, MI 49686

    Welcome to this beautifully renovated 3-bedroom, 2-bathroom duplex in the highly sought-after Holiday Hills neighborhood! This spacious home offers a modern design, ample storage throughout, and a functional open-concept layout perfect for comfortable everyday living. The kitchen is equipped with brand-new stainless steel appliances, making it ideal for both cooking and entertaining.Enjoy

    3463 Blackwood Dr, Traverse City, MI 49686
  • /16

    $3,145 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,910 Sq Ft
    • House for Rent

    2268 Anchor Ave, Traverse City, MI 49686

    Welcome to 2268 Anchor Ave., a brand-new 4-bedroom, 2.5-bath home for rent in the desirable Liv East Bay community, Traverse City's newest single-family rental community, professionally managed by the trusted Liv Communities team. Featuring a crisp white exterior and modern curb appeal, the home stands out from the moment you arrive. Inside, the 4 bedroom 'Empire' floorplan offers 1,910 sq. ft.

    Kelly Thomson Liv Communities, LLC

    2268 Anchor Ave, Traverse City, MI 49686
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    $4,500 Per Month

    • 3 Beds
    • 2 Baths
    • 2,049 Sq Ft
    • Available Late Summer & Fall | Furnished Executive Extended Stay Retreat

    210 W Sixteenth St, Traverse City, MI 49684

    Late Summer/Fall Furnished Pet-Friendly Rental August 17th.Monthly Rates Vary: (Includes utilities) -August $6500/month (Prorated)-Sept $4500/month -Oct is not available.-Nov to April $3500/month Note: This property is not a standard long-term rental and is a furnished extended stay guest rental.Welcome to the 16th Street Retreat, a haven of comfort and

    210 W Sixteenth St, Traverse City, MI 49684
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    $2,962 Per Month

    • 3 Beds
    • 2.5 Baths
    • House for Rent

    6028 Traverse Edge Way, Traverse City, MI 49684

    Looking for your next home in Traverse City? Discover Edge 72—where modern design meets everyday comfort. Our brand-new 2 and 3 bedroom rental townhomes are now available, offering upscale living with thoughtful amenities and pet-friendly features and an attached 1 stall garage. Townhome Features: Designer finishes throughout Stainless steel appliances Central air conditioning In-home washer and

    Jane Payne Keller Williams Northern Michigan

    6028 Traverse Edge Way, Traverse City, MI 49684
  • /45

    $2,600 Per Month

    • 3 Beds
    • 3 Baths
    • 2,400 Sq Ft
    • Bright, Beautiful, and Effortlessly Move-In Ready

    4227 Summerhill Rd, Traverse City, MI 49684

    Experience refined Northern Michigan living in this light-filled, elegantly updated 3-bedroom, 3-bathroom residence. Step inside to discover a beautifully refreshed interior featuring brand-new flooring, designer paint tones, and new window treatments that complement the home’s open, airy layout.The fully finished walk-out lower level invites relaxation and connection with a charming gas

    4227 Summerhill Rd, Traverse City, MI 49684
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    $2,250 Per Month

    • 2 Beds
    • 1.5 Baths
    • House for Rent

    1495 Newport St, Traverse City, MI 49686

    Newly remodeled, beautiful 2-bedroom, 1.5-bathroom condo available for rent in the coveted Premier Place Condominium Association! Brand new appliances including gas range, dishwasher, refrigerator, and microwave. New flooring and fresh paint throughout. Great location with close proximity to downtown. Enjoy the beautiful, wooded area on your semi-private patio. No pets allowed, laundry included

    MaryKathryn Eckler MBA Monarch Real Estates, LLC

    1495 Newport St, Traverse City, MI 49686
  • /35

    $2,850 Per Month

    • 3 Beds
    • 3 Baths
    • 2,200 Sq Ft
    • Beautiful home with peek a boo views of West Bay on Old Mission Peninsula

    8892 Sunset W, Traverse City, MI 49686

    Welcome home to Horizon Hills! An increasingly desired neighborhood on Old Mission Peninsula that is surrounded by lush landscaping, countryside orchards, and amazing views of the Bays. This well-maintained home features 3 bedrooms and 3 bathrooms, a large kitchen and dining area, perfect for entertaining. with over 2,400 sq. ft of finished living space. There are so many additional great

    8892 Sunset W, Traverse City, MI 49686
  • /24

    $1,880 Per Month

    • 2 Beds
    • 1 Bath
    • 832 Sq Ft
    • Great Furnished Home in TC

    548 Cromwell Dr, Traverse City, MI 49686

    Discover this beautifully renovated and fully furnished 2-bedroom, 1-bath home, perfectly tucked away on a spacious double lot in a quiet cul-de-sac just minutes from downtown Traverse City.This home blends character and comfort with unique features like cork flooring, original hardwood floors, a built-in dinette, and a charming bookcase that adds warmth and personality. The upgraded

    548 Cromwell Dr, Traverse City, MI 49686
  • /27

    $3,500 Per Month

    • 3 Beds
    • 3 Baths
    • 2,888 Sq Ft
    • Sophisticated Condo Retreat on Old Mission Peninsula

    6245 Summit Ct, Traverse City, MI 49686

    Set within a serene, wooded enclave on the coveted Old Mission Peninsula, this refined condominium offers a rare blend of privacy and proximity—just moments from acclaimed dining, pristine beaches, scenic trails, and the vibrant energy of Traverse City.Thoughtfully designed with both comfort and sophistication in mind, the home features generous storage throughout and a beautifully

    6245 Summit Ct, Traverse City, MI 49686
  • /43

    $3,000 Per Month

    • 4 Beds
    • 3 Baths
    • Extra Space, Extra Privacy, Extra Potential

    4932 Pinespar Trail, Traverse City, MI 49685

    Spacious, full of character, and packed with possibilities — this unique property is a must-see!The main home features 3 bedrooms and 2 baths with soaring open ceilings and a bright, open-concept layout flowing seamlessly into the kitchen. A sliding door leads to a cozy sunroom or perfect home office space, while both front and back porch/deck areas invite you to relax and enjoy the

    4932 Pinespar Trail, Traverse City, MI 49685

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Frequently Asked Questions

How much does it cost to rent a single-family home in Traverse City, MI?
The median rent for a single-family home in Traverse City, MI is $2,775 per month, though prices vary by neighborhood, size, and property type. As of June 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 $102,000 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 $2,550 per month in Traverse City, MI, renters typically need to show $7,650 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 14.3, 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.

Rental Home Trends in Traverse City, MI

Rental Home Trends

Number of Houses for Rent
41
Median Single Family Home Rent
$2,775
Median 3 Bedroom Single Family Home Rent
$2,850
Median 4 Bedroom Single Family Home Rent
$3,160
Median 5 Bedroom Single Family Home Rent
$3,445
How to Rent a Home