1-Bedroom Rent · July 2026

1-Bedroom Apartment Rent in Traverse City, MI

$1,070/mo

Median asking rent for a 1-bedroom apartment in Traverse City, Michigan as of July 2026. That's +47% lower than the citywide median of $2,005 and +23% below the national 1-bedroom median of $1,395.

1-Bedroom median
$1,070
July 2026
vs city overall
-47%
$2,005 city median
vs national
-23%
$1,395 US median
Michigan rank
#40
of 91 cities

Income needed for a 1-bedroom in Traverse City

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.

Annual income
$42,800
Monthly gross
$3,567
Hourly (full-time)
$20.58

Rent by apartment size in Traverse City

Compare Traverse City's median rent across every apartment size.

Studio
$1,030
1-Bedroom (current)
$1,070
2-Bedroom
$1,265
3-Bedroom
$1,555
4+ Bedroom
$1,675

Cheapest cities for a 1-bedroom in Michigan

#City1-Bedroom rent
1Muskegon Heights$724
2Bay City$730
3Trenton$764
4Flint$785
5Mount Pleasant$820
6Muskegon$820
7Saginaw$820
8Niles$870
9Lansing$887
10Monroe$900
11Midland$905
12Dewitt$910
13Grand Blanc$920
14Mount Clemens$920
15Port Huron$920

Most expensive cities for a 1-bedroom in Michigan

#City1-Bedroom rent
1Birmingham$1,640
2Ann Arbor$1,513
3West Bloomfield$1,490
4Bloomfield Hills$1,490
5Commerce Township$1,460
6Northville$1,440
7Troy$1,415
8Novi$1,415
9Canton$1,380
10Rochester Hills$1,370
11Grosse Pointe Park$1,370
12New Hudson$1,360
13Farmington Hills$1,340
14Oak Park$1,310
15Royal Oak$1,295

Nearby cities — 1-bedroom rent

Considering nearby alternatives? 5 of these cities have cheaper 1-bedroom rents than Traverse City.

CityDistance1-Bedroom rentvs Traverse City
Mount Pleasant, MI96.5 mi$820$-250 (-23%)
Muskegon, MI109 mi$820$-250 (-23%)
Muskegon Heights, MI114 mi$724$-346 (-32%)
Northview, MI117.4 mi$1,098+$28 (+3%)
Midland, MI119.4 mi$905$-165 (-15%)
Spring Lake, MI121.1 mi$1,007$-63 (-6%)
Grand Rapids, MI121.4 mi$1,234+$164 (+15%)
Walker, MI122.9 mi$1,220+$150 (+14%)
Grand Haven, MI124 mi$1,130+$60 (+6%)
Wyoming, MI127.2 mi$1,110+$40 (+4%)
Kentwood, MI127.6 mi$1,185+$115 (+11%)
Grandville, MI128.7 mi$1,180+$110 (+10%)

1-Bedroom rent in Traverse City — common questions

How much is a 1-bedroom apartment in Traverse City?

As of July 2026, the median 1-bedroom apartment rent in Traverse City, Michigan is $1,070 per month. This is +47% below the citywide median of $2,005.

What income do you need to afford a 1-bedroom in Traverse City?

Using the standard 30% rent-to-income rule, you would need an annual income of about $42,800 ($3,567/month gross), which works out to roughly $20.58/hour at a full-time job.

Is Traverse City expensive for a 1-bedroom compared to the rest of the US?

Traverse City's 1-bedroom median of $1,070 is +23% below the national 1-bedroom median of $1,395. It ranks in the 26th percentile of US cities tracked.

How does Traverse City rank for 1-bedroom rent in Michigan?

Among the 91 cities in Michigan with 1-bedroom data, Traverse City ranks #40 from cheapest to most expensive.

Are there cheaper 1-bedroom options near Traverse City?

Yes — nearby cities with cheaper 1-bedroom rents include Mount Pleasant ($820), Muskegon ($820), Muskegon Heights ($724).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Traverse City, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (July 2026) and exclude cities with median rent below $400 or above $20,000.