Traverse City

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Traverse City, MI

Area Guide

Craft beer and local eats await off Lake Michigan

Bayfront Airport Park-Like Restaurants Urban Suburban Breweries

Traverse City is a sprawling community on the Grand Traverse Bay off Lake Michigan. This scenic, waterfront city features expansive neighborhood parks like Clinch Park, East Bay Park, Wags West Dog Park, and the Traverse City Country Club. Downtown is lined with local restaurants, bars, and entertainment venues like the City Opera House. Enjoy local favorites in the city like North Peak Brewing Company and Bubba’s. Traverse City is home to the Cherry Capital Airport and sits nearby the Grand Traverse Mall, where you’ll find an array of department stores, restaurants, and retailers. Apartments for rent in Traverse City are fairly affordable. Residents enjoy the sunsets from the bay, the delicious local eats, and the close-knit community in Traverse City.

Rent Trends

As of September 2025, the average apartment rent in Traverse City, MI is $1,293 for a studio, $1,508 for one bedroom, $1,813 for two bedrooms, and $2,023 for three bedrooms. Apartment rent in Traverse City has increased by 5.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,508/month
704 Sq Ft
House
$2,646/month
1,180 Sq Ft
See Rental Market Trends in Traverse City, MI

Transportation

39

Car-Dependent

out of 100 WalkScore® Rating

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

50

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Schools

Tcaps Montessori School

Public

Grades PK-8

307 Students

Central Grade School

Public

Grades PK-6

516 Students

Eastern Elementary School

Public

Grades PK-5

454 Students

Willow Hill Elementary School

Public

Grades PK-5

421 Students

Westwoods Elementary School

Public

Grades PK-5

368 Students

Central High School

Public

Grades 8-12

1,387 Students

East Middle School

Public

Grades 6-8

786 Students

Tcaps Montessori School

Public

Grades PK-8

307 Students

West Middle School

Public

Grades 6-8

1,081 Students

Old Mission Peninsula School

Public

Grades K-12

152 Students

Central High School

Public

Grades 8-12

1,387 Students

West Senior High

Public

Grades 9-12

1,509 Students

Traverse City High School

Public

Grades PK & 9-12

158 Students

Old Mission Peninsula School

Public

Grades K-12

152 Students

North Ednew Horizons

Public

Grades PK-12

77 Students

Points of Interest

Parks and Recreation

  • Traverse City State Park
  • Grand Traverse Natural Education Reserve
  • Commons Natural Area
  • Miller Creek Nature Reserve
  • Kids Creek Park

Airports

  • Cherry Capital

Top Apartments in Traverse City

Houses for Rent in Traverse City

Property Management Companies in Traverse City, MI

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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 September 2025.