How much is a 2-bedroom apartment in Traverse City, MI?

Name: Rent by bedrooms in Traverse City, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

In Traverse City, MI, the median gross rent for a two-bedroom home is $1,078 (±$164) a month (2020–2024 American Community Survey, table B25031).

A one-bedroom home rents for a median of $731 (±$81).

A three-bedroom home rents for a median of $1,512 (±$463).

HUD’s fiscal year 2027 Fair Market Rent for a two-bedroom home in the Grand Traverse County, MI HUD Metro FMR Area is $1,436.

Figures last updated on November 12, 2026.

Studio: $974 (±$49)
1 bedroom: $731 (±$81)
2 bedrooms: $1,078 (±$164)
3 bedrooms: $1,512 (±$463)

Rent by bedroom count in Traverse City

Median gross rent by number of bedrooms, estimate (90% margin of error)
	Traverse City	Grand Traverse County	Michigan	United States
Studio	$974 (±$49)	$1,044 (±$122)	$896 (±$22)	$1,248
1 bedroom	$731 (±$81)	$1,045 (±$188)	$923 (±$7)	$1,235
2 bedrooms	$1,078 (±$164)	$1,273 (±$90)	$1,162 (±$6)	$1,407
3 bedrooms	$1,512 (±$463)	$1,459 (±$99)	$1,321 (±$9)	$1,584
4 bedrooms	$1,900 (±$962)	$1,324 (±$751)	$1,434 (±$30)	$1,957

A median for a bedroom size is published only where enough renting households of that size were surveyed; a dash means the Census Bureau did not publish one.

Census rents against HUD’s Fair Market Rent, fiscal year 2027

Dollars a month; the Fair Market Rent is for the Grand Traverse County, MI HUD Metro FMR Area
	Census median, this place	HUD Fair Market Rent
1 bedroom	$731 (±$81)	$1,188
2 bedrooms	$1,078 (±$164)	$1,436
3 bedrooms	$1,512 (±$463)	$1,883

A Fair Market Rent is HUD’s estimate of the gross rent of a modest rental home across the whole HUD area, set for the voucher program; the Census median is what renting households in this place reported paying.

The two answer different questions and are not expected to match.

Median gross rent, 2 bedrooms in places near Traverse City

Nearest places with a published estimate, compared with Traverse City
Place	Distance	Median gross rent, 2 bedrooms	Compared with this place
Traverse City	—	$1,078 (±$164)	—
Garfield Charter Township	2.5 mi	$1,433 (±$127)	Higher
Greilickville	4.6 mi	$1,366 (±$636)	Not measurably different
Elmwood Charter Township	5.7 mi	$1,405 (±$236)	Higher
East Bay Township	6.0 mi	$1,423 (±$178)	Higher
Acme Township	7.4 mi	$1,341 (±$217)	Not measurably different
Long Lake Township	7.7 mi	$1,351 (±$324)	Not measurably different
Blair Township	8.8 mi	$1,417 (±$385)	Not measurably different
Solon Township (Leelanau County)	9.5 mi	$1,271 (±$394)	Not measurably different

Nearby places with a measurably higher figure: Garfield Charter Township, MI ($1,433), Elmwood Charter Township, MI ($1,405), East Bay Township, MI ($1,423).

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

Median gross rent, 2 bedrooms across Grand Traverse County, place by place

Rank	Place	Median gross rent, 2 bedrooms
2	Garfield Charter Township	$1,433 (±$127)
3	East Bay Township	$1,423 (±$178)
4	Blair Township	$1,417 (±$385)
5	Long Lake Township	$1,351 (±$324)
6	Acme Township	$1,341 (±$217)
7	Fife Lake Township	$1,188 (±$653)
8	Traverse City	$1,078 (±$164)
9	Paradise Township	$984 (±$127)
10	Mayfield Township (Grand Traverse County)	$888 (±$561)
11	Green Lake Township	$579 (±$11)

Showing 10 of 11 places in Grand Traverse County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Traverse City

How much is a one-bedroom apartment in Traverse City?

The median gross rent for a one-bedroom home in Traverse City, MI is $731 (±$81) a month (2020–2024 American Community Survey).

How much is a two-bedroom apartment in Traverse City?

The median gross rent for a two-bedroom home in Traverse City, MI is $1,078 (±$164) a month (2020–2024 American Community Survey).

How much does a three-bedroom rental cost in Traverse City?

The median gross rent for a three-bedroom home in Traverse City, MI is $1,512 (±$463) a month (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year detailed tables (acs/acs5) for Traverse City city, Michigan (place:80340, in state:26).

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

The API needs a free key.

Request a Census API key.

B25031_002E, B25031_002M, B25031_003E, B25031_003M, B25031_004E, B25031_004M, B25031_005E, B25031_005M, B25031_006E, B25031_006M, B25031_007E, B25031_007M

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.