Eagle Ridge Apartment Homes
4760 Golden Eagle Cir,
Traverse City, MI 49685
1-2 Beds | $1,595 - $1,895
Rental Market Trends in Traverse City, MI
Updated July 2026
The average rent in Traverse City, MI is $1,528/month.
Rent in Traverse City is roughly equal to the national average rent of of $1,662/month.
$1,528/month
Average Rent
739 Sq Ft
Average Size
+1%
Change / Year
272
Available Apartments
Traverse City rent varies by unit size and layout:
- Studio apartments in Traverse City average $1,467 per month.
- One-bedroom apartments in Traverse City average $1,528 per month.
- Two-bedroom apartments in Traverse City average $1,814 per month.
- Three-bedroom apartments in Traverse City average $2,261 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Traverse City, MI?
In the past year, rent has increased by 1%, which averages out to $15 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Traverse City, MI
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
6%
$700 - $1,000/month
14%
$1,001 - $1,500/month
57%
$1,501 - $2,000/month
20%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Traverse City?
Based on current rent prices, Downtown Traverse City is the most affordable neighborhood in Traverse City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Traverse City?
Based on current rent prices, Downtown Traverse City is the most expensive neighborhood in Traverse City.
Neighborhood
Average Rent
Average Sq Ft
Which Traverse City neighborhoods have the most rentals available?
The neighborhood in Traverse City with the most apartments available is Downtown Traverse City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Traverse City, MI?
Because the average rent in Traverse City is $1,528, you’ll want to make about $5,093 per month or $61,116 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 Traverse City, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Traverse City, 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.
View the Traverse City Area GuideStudio
$1,341/month
$1,341/month
One Bedroom
$1,743/month
$1,743/month
Two Bedroom
$2,324/month
$2,324/month
Three Bedroom
$1,458/month
$1,458/month
Apartment Communities in Traverse City We Think You'll Love
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Frequently Asked Questions
What is the average rent in Traverse City?
The average rent in Traverse City is $1,528 per month, which is 8.1% lower than the national average of $1,662.
What is the average rent for a house in Traverse City?
The average rent for a house in Traverse City, MI is $2,542 per month.
What is the average rent for a townhome in Traverse City?
The average rent for a townhome in Traverse City, MI is $1,757 per month.
Are rents going up or down in Traverse City?
Rents in Traverse City, MI are increasing, with prices up 1.0% year-over-year and $15 more per month.
What rent range is most common in Traverse City?
In Traverse City, MI, 57% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.