What is the median rent in Petoskey, MI?

Name: Median rent in Petoskey, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Petoskey, MI is $1,006 (±$85) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 994 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Petoskey, the median gross rent went from $714 in 2015–2019 to $1,006 in 2020–2024 (+40.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,006 (±$85)
Rented homes: 994 (±192)
$2,000 or more: 6.4%
Since 2015–2019: +40.9%

How much rent costs in Petoskey

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Petoskey	Emmet County	Michigan	United States
Less than $500	8.9% (±5.0 points)	6.7%	8.3%	6.3%
$500 to $999	40.5% (±10.7 points)	34.4%	30.1%	20.2%
$1,000 to $1,499	34.6% (±9.1 points)	33.3%	38.4%	28.1%
$1,500 to $1,999	9.6% (±6.7 points)	14.7%	15.1%	21.1%
$2,000 to $2,499	6.4% (±5.3 points)	3.8%	5.0%	12.0%
$2,500 to $2,999	0.0% (±3.0 points)	3.2%	1.4%	5.5%
$3,000 or more	0.0% (±3.0 points)	3.8%	1.7%	6.8%

The most common range is $500 to $999, paid by 40.5% of renting households.

6.4% of rented homes in Petoskey cost $2,000 or more a month.

Petoskey against Emmet County, its state and the nation

Estimate (90% margin of error)
	Petoskey	Emmet County	Michigan	United States
Median gross rent	$1,006 (±$85)	$1,112 (±$81)	$1,129 (±$4)	$1,413
Rented homes paying rent	994 (±192)	3,207 (±310)	1,032,697 (±7,764)	42,849,984

In Petoskey, median gross rent is not measurably different from Emmet County ($1,112).

It is also lower than in Michigan ($1,129).

It is lower than the national figure ($1,413).

In Emmet County, Petoskey ranks 7 of 15 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 558 of 1,305.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Petoskey has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$714 (±$55)	$1,006 (±$85)	+40.9%	Up after inflation
Households that rent	47.8% (±5.2 points)	38.9% (±6.1 points)	−8.9 percentage points	Measurable decrease
Rental vacancy rate	6.8% (±5.0 points)	3.6% (±3.8 points)	−3.2 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Petoskey

Nearest places with a published estimate, compared with Petoskey
Place	Distance	Median gross rent	Compared with this place
Petoskey	—	$1,006 (±$85)	—
Resort Township	2.5 mi	$844 (±$19)	Lower
Harbor Springs	4.8 mi	$1,027 (±$360)	Not measurably different
Bay Township	4.9 mi	$968 (±$65)	Not measurably different
Bear Creek Township	5.3 mi	$1,453 (±$191)	Higher
West Traverse Township	6.0 mi	$1,148 (±$293)	Not measurably different
Little Traverse Township	7.1 mi	$988 (±$170)	Not measurably different
Hayes Township (Charlevoix County)	7.2 mi	$1,404 (±$237)	Higher
Evangeline Township	7.8 mi	$1,333 (±$175)	Higher

Nearby places with a measurably lower figure: Resort Township, MI ($844).

Nearby places with a measurably higher figure: Bear Creek Township, MI ($1,453), Hayes Township (Charlevoix County), MI ($1,404), Evangeline Township, MI ($1,333).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Emmet County, place by place

Rank	Place	Median gross rent
1	Springvale Township	$1,645 (±$701)
2	Bear Creek Township	$1,453 (±$191)
3	Maple River Township	$1,239 (±$309)
4	Littlefield Township	$1,225 (±$238)
5	West Traverse Township	$1,148 (±$293)
6	Harbor Springs	$1,027 (±$360)
7	Petoskey	$1,006 (±$85)
8	Bliss Township	$989 (±$835)
9	Little Traverse Township	$988 (±$170)
10	Wawatam Township	$980 (±$771)
11	McKinley Township (Emmet County)	$978 (±$168)
12	Resort Township	$844 (±$19)
13	Pleasantview Township	$825 (±$175)

Showing 13 of 15 places in Emmet County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Petoskey

What is the average rent in Petoskey, MI?

The Census Bureau publishes the median rather than the average: the median gross rent in Petoskey is $1,006 (±$85) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Petoskey?

In Petoskey, the median gross rent went from $714 in 2015–2019 to $1,006 in 2020–2024 (+40.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Petoskey cost more than $2,000 a month?

6.4% of rented homes in Petoskey have a gross rent of $2,000 or more a month, and 8.9% cost less than $500.

Is rent in Petoskey higher than in Emmet County?

In Petoskey, median gross rent is not measurably different from Emmet County ($1,112).

It is also lower than in Michigan ($1,129).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Petoskey city, Michigan (place:63820, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.