Rentometer, Inc. | Data as of 10/23/2025
Grand Traverse County offers a vibrant rental market that blends the relaxed charm of lakeside living with the conveniences of a growing urban hub. Prospective renters can choose from a variety of housing options, ranging from modern studio apartments in the heart of Traverse City to spacious family homes nestled in the scenic townships surrounding the county. The area’s proximity to Lake Michigan, the historic downtown district, and popular attractions such as the Grand Traverse Bay Brewing Company and the annual Cherry Festival makes it a desirable destination for both short‑term visitors and long‑term residents.
Apartment seekers will find a wide spectrum of choices, with studios typically priced in the $1200s and one‑bedroom units averaging around the $1500 range. Two‑bedroom apartments approach the $1800 mark, while larger three‑bedroom layouts command rents in the $2300s, reflecting the high demand for comfortable, well‑located spaces. For those preferring a house, one‑bedroom homes are available in the $1700s, two‑bedroom residences hover near $1900, and three‑bedroom houses often rent for around $2400. Larger family homes with four or more bedrooms are positioned in the $3200s, offering ample space for growing households and the flexibility to enjoy the county’s abundant outdoor recreation.
The rental landscape in Grand Traverse County is further enhanced by its strong sense of community, excellent schools, and easy access to outdoor amenities such as the Sleeping Bear Dunes, local vineyards, and miles of shoreline trails. Whether you’re drawn by the cultural vibrancy of downtown Traverse City or the tranquil appeal of the surrounding countryside, the county’s diverse rental inventory provides options that cater to a broad range of lifestyles and budgets.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,268 | $1,245 | $1,083 - $1,500 | $1,150 - $1,500 |
| Apartment | 1 Bedroom | $1,458 | $1,500 | $900 - $2,281 | $1,170 - $1,649 |
| Apartment | 2 Bedroom | $1,824 | $1,747 | $1,029 - $3,146 | $1,400 - $2,135 |
| Apartment | 3 Bedroom | $2,353 | $2,350 | $1,157 - $3,149 | $2,200 - $2,962 |
| House | 1 Bedroom | $1,725 | $1,675 | $1,450 - $2,100 | $1,500 - $2,100 |
| House | 2 Bedroom | $2,181 | $1,892 | $1,000 - $6,000 | $1,650 - $2,600 |
| House | 3 Bedroom | $2,639 | $2,400 | $1,469 - $7,999 | $2,100 - $2,850 |
| House | 4+ Bedroom | $3,710 | $3,200 | $2,200 - $6,800 | $2,800 - $4,000 |
In the current period, the average rent in Grand Traverse was $1,268 for Studio, $1,484 for 1 Bedroom, $1,999 for 2 Bedroom, $2,601 for 3 Bedroom, and $3,733 for 4+ Bedroom.
Data provided by Rentometer, Inc.