The Block at Petoskey
1420 Standish Ave,
Petoskey, MI 49770
$1,217 - $1,960
Studio - 2 Beds
Rental Market Trends in Petoskey, MI
What is the average rent in Petoskey, MI?
$1,346/month
Average Rent
717 Sq Ft
Average Apartment Size
-2.2%
Decrease in the Last Year
As of January 2026, the average rent in Petoskey, MI is $1,346 per month. This is 17% lower than the national average rent of $1,624/month, making renting in Petoskey more affordable than most cities in the US. When you rent an apartment in Petoskey, you can expect to pay about $1,263 per month for a studio, $1,346 for a one-bedroom apartment, and around $1,645 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,574 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Petoskey, MI?
In the past year, rent has decreased by 2.2%, which averages out to $29 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Petoskey, MI
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
43%
$1,001 - $1,500/month
43%
$1,501 - $2,000/month
14%
Above $2,000/month
What salary do I need to live comfortably in Petoskey, MI?
Because the average rent in Petoskey is $1,346, you’ll want to make about $4,486 per month or $53,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Petoskey, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Petoskey, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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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 November 2025.
* Percentages may not total 100 due to rounding.