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Traverse City, MI Houses for Rent

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  • /20

    Starting at $2,550 Per Month

    • 3 - 5 Beds

    1831 Brigantine Blvd, Traverse City, MI 49686

    Experience the best of Traverse City living at Liv East Bay, a brand new community offering spacious 3, 4, and 5 bedroom rental homes designed for comfort, convenience, and connection. Enjoy open concept floor plans, modern finishes, smart home technology, full size washers and dryers, private two car garages, and generous storage throughout. Located just minutes from Downtown Traverse City,

    Liv East Bay

    1831 Brigantine Blvd, Traverse City, MI 49686
  • /15

    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

    3462 Tanager Dr, Traverse City, MI 49685
  • /28

    $1,749 Per Month

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • House for Rent

    4562 Iris Ln, Traverse City, MI 49685

    Discover this well maintained 3 bedroom 2 bathroom home located on a desirable corner lot. Built in 2018 this move in ready home offers a spacious layout, modern finishes, and comfortable living spaces throughout. Large windows fill the home with natural light, creating a bright and welcoming atmosphere. The open living area flows seamlessly into the dining space and kitchen, providing a

    4562 Iris Ln, Traverse City, MI 49685
  • /3

    $2,310

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,596 Sq Ft
    • House for Rent

    3317 Mapel St S, Traverse City, MI 49684

    3 Bedroom 2 bath home close to town. There is a basement with a option for a 4th bedroom. Back deck, with mostly fenced in yard. Washer/dryer hookup. Located by South Airport and Veterans Drive, so close to many shops. New flooring throughout the home.

    3317 Mapel St S, Traverse City, MI 49684
  • /10

    $1,650

    Total Monthly Price

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

    65 Greer Dr, Traverse City, MI 49685

    This fully furnished, 2 bed/1 bathroom cottage was recently remodeled & offers a fresh and clean decor scheme. Available tentatively November 1st, 2026 - April 30th, 2027, this property is ideal for a person in transition between homes, building a home, traveling nurse, student, etc. Willing to discuss a tenancy of less than the full 6 months if less time is needed. Property is NOT

    65 Greer Dr, Traverse City, MI 49685
  • /22

    $3,000

    Total Monthly Price

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

    538 Webster St, Traverse City, MI 49686

    3 bedroom, 1.5 bathroom furnished two story home downtown Traverse City in Boardman Neighborhood available for lease and immediate move-in. 12 month lease preferred. Perfect for families with large backyard. Rental Requirements: No smoking. Background and credit checks are required on everyone 18 years or older. 2.5x rent for income. No evictions or bankruptcies. Applications must be

    538 Webster St, Traverse City, MI 49686
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    $2,450

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,550 Sq Ft
    • House for Rent

    4290 Baywood Dr, Traverse City, MI 49686

    This single-family home located in the popular Holiday Hills neighborhood is conveniently located on the east side of Traverse City close to multiple parks and trails. Home offers three bedrooms, two full bathrooms, a two-stall attached garage, and a patio off of the family room. Outdoor space features great privacy with a fully wooded yard, a covered front porch, and two decks, one off of the

    4290 Baywood Dr, Traverse City, MI 49686
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    $3,000

    Total Monthly Price

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

    212 Wellington St, Traverse City, MI 49686

    Available: August 5th – June 12thSpecs: 3 Bedrooms | 1.5 Bathrooms | 1-Car Detached GarageTerms: 10-Month Lease | Fully FurnishedRent: $3,000 + 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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    $1,850

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • House for Rent

    31 S West Silver Lake Rd, Traverse City, MI 49685

    This fully furnished 3 bedroom, 1 bathroom house will be available from approximately September 9th, 2026 through May 31st, 2027, and is conveniently located 10 minutes from downtown Traverse City, is in close proximity to Chum's Corners & not far from Interlochen Arts Academy. As weather permits, enjoy private patio & lake frontage on Silver Lake. Large yard is mostly private & includes fire

    31 S West Silver Lake Rd, Traverse City, MI 49685
  • /10

    $1,950

    Total Monthly Price

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

    3358 Rennie St, Traverse City, MI 49684

    Fully Furnished, Available August 15th 900sqft home just off Veterans Dr. has two bedrooms, one bath and an open living space, full unfurnished basement. All basic kitchen needs and appliances, are ready for use.Back deck and as well as smart TV and ample parking.This space is an entirely separate home within a duplex home. We are located right next door if you should need us. This

    3358 Rennie St, Traverse City, MI 49684
  • /32

    $2,099 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

    Mary Eckler MBA Monarch Real Estates, LLC

    1495 Newport St, Traverse City, MI 49686
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    $8,500 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

    This property is not a standard long-term rental and is a furnished extended stay guest rental. 90 day maximum rental allowed. Monthly Rates Vary: (Includes utilities and snow plowing.)-August 2026 $10,500/month (Back on market due to a last minute cancelation!)-Sept 2026 $8,500/month-Oct $5,000/month-Nov to April $4,500/month-August 2027 $14,500/month-Sept 2027

    7320 Peninsula Dr, Traverse City, MI 49686
  • /17

    $2,300 Per Month

    • 2 Beds
    • 2 Baths
    • House for Rent

    415 E State St, Traverse City, MI 49686

    TRAVERSE CITY RENTAL Available NOW! Vintage Bungalow 2-bedroom, 2-bathroom in a Walkabout-Town location. The inside welcomes you with hardwood floors, ceramic tile kitchen/bath and finished lower-level. This Classic home offers a large stone front porch and period high ceilings with a bonus room on each level. Enjoy a spacious parlor, Victorian dining room, and kitchen with built-in

    Laura Tarsa Coldwell Banker Schmidt Traverse City

    415 E State St, Traverse City, MI 49686
  • /27

    $1,900 Per Month

    • 3 Beds
    • 1 Bath
    • 1,022 Sq Ft
    • Classic Charm, Modern Comfort

    1106 Titus Ave, Traverse City, MI 49686

    Welcome home to this beautifully updated 1½-story charmer featuring 3 bedrooms and 1 full bath, perfectly situated just minutes from all the best that Traverse City has to offer!Inside, you'll find a bright, fully equipped kitchen that's ready for everything from morning coffee to family dinners, along with a comfortable living room, dining area, and a flexible den that can easily serve

    1106 Titus Ave, Traverse City, MI 49686
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    $3,075 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
  • /23

    $2,000 Per Month

    • 2 Beds
    • 1 Bath
    • 1,040 Sq Ft
    • Charming Home in the Heart of OMP Wine Country

    13497 Center Rd, Traverse City, MI 49686

    Nestled on beautiful Old Mission Peninsula, this charming 2-bedroom, 1-bathroom Sears, Roebuck & Co. Catalog Home offers a rare opportunity to enjoy a piece of American history. Built with the timeless craftsmanship these iconic mail-order homes are known for, this property blends historic character with peaceful country living just minutes from Traverse City.Set among mature trees with

    13497 Center Rd, Traverse City, MI 49686
  • /45

    $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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    $3,850 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 9/1/2026-9/30/2026 & 11/1/2026-4/30/2027. Downtown Traverse City townhome with River Views. Pet-friendly. 30-Day Rental Required. Sept - $6,000Oct - Not availableNov - 2026-April 2027 $3,850/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

    213 Midtown Dr, Traverse City, MI 49684
  • /13

    $2,400 Per Month

    • 3 Beds
    • 1.5 Baths
    • House for Rent

    701 6th St, Traverse City, MI 49684

    Enjoy downtown Traverse City living in this beautifully maintained and well-appointed 3 bed/1.5 bath home, ideally located close to shops, restaurants, beaches, and all the conveniences of the city. In addition to the three bedrooms, an additional flex room offers the perfect space for a home office, nursery, workout area, or small guest room. Inside, you'll find an updated kitchen, a spacious

    Tim Wharton REMAX Bayshore - West Shore Dr TC

    701 6th St, Traverse City, MI 49684
  • /25

    $2,400 Per Month

    • 2 Beds
    • 1 Bath
    • 960 Sq Ft
    • Charming 2 Bedroom Furnished Home on E. Front Street in TC

    999 E Front St, Traverse City, MI 49686

    Available August 3rd 2026 through May 31st 2027. Enjoy convenience and comfort in this furnished 2-bedroom, 1-bathroom home in the heart of Traverse City. Located on Front Street, this home provides easy access to Bryant Park Beach, the Civic Center, Northwestern Michigan College (NMC), restaurants, and downtown Traverse City.Inside, you'll find an open-concept kitchen and dining

    999 E Front St, Traverse City, MI 49686
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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
  • /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- Oct 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 minutes from beaches,

    6260 Cedarmere, Traverse City, MI 49686
  • /24

    $2,995 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
  • /24

    $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
  • /18

    $3,279 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
  • /25

    Call for Price

    • 3 Beds
    • 2 Baths
    • 1,456 Sq Ft
    • Available Now! Beautiful Traverse City Home for Rent! $3,100/Month

    5085 Liberty Dr, Traverse City, MI 49685

    Welcome home to 5085 Liberty Drive!This beautifully maintained 3 bedroom, 2 bathroom home offers the perfect combination of comfort, space, and convenience just minutes from downtown Traverse City. With over 1,456 square feet of living space, this home is ideal for those looking for a peaceful setting without sacrificing access to shopping, dining, schools, and Northern Michigan's

    5085 Liberty Dr, Traverse City, MI 49685
  • /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

    $2,200 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

    $2,900 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    4499 La Marche Cir, Traverse City, MI 49685

    Beautiful brand new home - Available immediately for lease or lease-to-own Lease or lease-to-own this 2025-built ranch style home nicely situated on a low traffic, circular street in 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

    Carole Halmekangas AAA Real Estate

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

    $2,600 Per Month

    • 2 Beds
    • 2 Baths
    • 2 Blocks from Munson Hospital

    121 S Spruce St, Traverse City, MI 49684

    Step into your next adventure in this beautifully furnished, fully turnkey home that's ready for you to move in and enjoy from day one. Thoughtfully designed with comfort and style in mind, the home features plush queen-size beds, inviting living spaces, and everything you need for an effortless transition. Start your mornings with a cup of coffee on the private front porch overlooking

    121 S Spruce St, Traverse City, MI 49684
  • /17

    $1,820 Per Month

    • 3 Beds
    • 1 Bath
    • 1,166 Sq Ft
    • Ranch style home with attached two car garage

    2824 Country Ln, Traverse City, MI 49685

    This three bedrooms, one bath ranch home is located on the West side of Traverse City. Tucked back in a quiet neighborhood with a large lot, with a fenced back yard and a two-car attached garage. Come home, relax, and unwind in this charming home. Open floor plan featuring a dishwasher and hookups for a washer and dryer. The home also has a brand new central air system, a furnace, and windows

    2824 Country Ln, Traverse City, MI 49685
  • /32

    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,319 Sq Ft
    • Live Where Every Season Shines!

    4015 Holiday N Ct, Traverse City, MI 49686

    Welcome home to this beautifully refreshed 3-bedroom, 2-bathroom home in the highly desirable Holiday Village community! Perfectly situated on a spacious corner lot directly across from the ski slope, this home offers stunning views and unbeatable access to year-round outdoor recreation.Step inside to discover a bright, inviting floor plan filled with natural light. The updated kitchen

    4015 Holiday N Ct, 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
  • /25

    $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
  • /12

    $1,450 Per Month

    • 2 Beds
    • 1 Bath
    • 2 BR Duplex in Convenient Neighborhood - PET FRIENDLY

    286 W South Airport Rd, Traverse City, MI 49686

    Kitchen recently updated charming duplex in a great location in Traverse City. Spacious unit with new flooring throughout, freshly painted walls, and ready for you to call this home. Minutes from Lake Michigan, shopping, and much more! This unit features two large bedrooms and an open kitchen. Also comes with a small storage shed for extra belongings. Pets allowed with additional fees.

    286 W South Airport Rd, Traverse City, MI 49686
  • /19

    $2,150 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,374 Sq Ft
    • SPACIOUS HOME IN TRAVERSE CITY LOCATED NEAR NMC & EAST BAY

    212 Huron St, Traverse City, MI 49686

    SPACIOUS HOME IN TRAVERSE CITY offers a well-maintained layout with three nice-size bedrooms and 1.5 bathrooms. The home includes a sunroom that brings in natural light, a washer and dryer included as is, and a carport with extra storage space. Located near NMC College and East Bay beaches, the property also features a pleasant backyard area ideal for outdoor use. This house provides comfortable,

    212 Huron St, Traverse City, MI 49686
  • /26

    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,824 Sq Ft
    • East Side Traverse City 3BR Home with Lake Views

    2467 E Potter Rd, Traverse City, MI 49696

    Located on the east side of Traverse City, this 3-bedroom, 2-bath home offers spacious, comfortable living with beautiful views overlooking Chandler Lake. The home features newer hardwood floors, an open layout, and plenty of natural light. The large master bedroom includes a private balcony with lake views—perfect for quiet mornings or relaxing evenings.This long-term rental is just 15

    2467 E Potter Rd, Traverse City, MI 49696
  • /35

    $2,700 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
  • /26

    $1,900 Per Month

    • 2 Beds
    • 1 Bath
    • 872 Sq Ft
    • The Little Bungalow of Your Dreams Near East Bay! 2BR / 1BA Long-Term Rental

    2020 Chippewa St, Traverse City, MI 49686

    Near East Bay, this charming bungalow offers the perfect blend of comfort, character, and location. With 2 bedrooms and 1 full bath featuring a tub/shower combination, the home is thoughtfully designed for easy living.Inside, you’ll find beautiful hardwood flooring and large windows that fill the space with natural light. The interior has been painted in light, neutral tones, creating a fresh

    2020 Chippewa St, Traverse City, MI 49686
  • /56

    $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

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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 $2,400 per month, though prices vary by neighborhood, size, and property type. As of July 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 $87,000 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 $2,175 per month in Traverse City, MI, renters typically need to show $6,525 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 16.9, 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.
What neighborhoods in Traverse City, MI are best for renting a single-family home?
The best neighborhood for renting in Traverse City, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include East Traverse City and Old Mission Peninsula, each with its own character and price range.

Rental Home Trends

Number of Houses for Rent
42
Median Single Family Home Rent
$2,400
Median 3 Bedroom Single Family Home Rent
$2,625
Median 4 Bedroom Single Family Home Rent
$3,038
Median 5 Bedroom Single Family Home Rent
$3,340
How to Rent a Home