Petoskey

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Petoskey, MI Area Guide

Unwind and enjoy nature in this Michigan treasure

Coastal Lakeside Scenic Charming Active Historic Vibrant Family-Friendly Quaint Welcoming

Situated in the northern part of Michigan’s Lower Peninsula, Petoskey rests on the shores of Lake Michigan, boasting stunning natural beauty that has inspired famous creators like Ernest Hemingway and Sufjan Stevens. Petoskey’s scenic environment draws thousands of visitors year-round to swim and lounge on beaches in the summer and to partake in sports like sledding, ice hockey, and skiing in the winter.

Known for its Victorian architecture, Petoskey is steeped in history evident throughout the walkable Gaslight Shopping District. Numerous wineries are convenient to Petoskey, including Mackinaw Trail Winery, Maple Moon Sugarbush and Winery, and Petoskey Farms Vineyard and Winery. Petoskey is home to Michigan’s official state stone, a prehistoric fossil called the Petoskey Stone, which is commonly found in Petoskey State Park, Magnus City Park Beach, and various retailers in town.

Rent Trends

As of March 2026, the average apartment rent in Petoskey, MI is $1,408 for a studio, $1,380 for one bedroom, $1,630 for two bedrooms, and $1,576 for three bedrooms. Apartment rent in Petoskey has increased by 0.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,380/month
717 Sq Ft
See Rental Market Trends in Petoskey, MI

Getting Around

Explore how walkable, bikeable, drivable, and transit-friendly Petoskey, MI is for everyday living.

Car-Dependent

41 / 100

This area is considered a car-dependent area and most errands will require a car.

Somewhat Bikeable

40 / 100

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Schools

Lincoln School

Public

Grades K-5

Sheridan School

Public

Grades PK-5

Central Elementary School

Public

Grades K-5

Ottawa Elementary School

Public

Grades PK-5

Concord Academy-Petoskey

Public

Grades K-12

Petoskey Middle School

Public

Grades 6-8

Concord Academy-Petoskey

Public

Grades K-12

Petoskey High School

Public

Grades 9-12

Concord Academy-Petoskey

Public

Grades K-12

Points of Interest

Parks and Recreation

  • Petoskey State Park
  • Nub's Nob
  • Young State Park
  • Thorne Swift Nature Preserve
  • Pond Hill Farm

Top Apartments in Petoskey

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.