2-Bedroom Apartment Rent in Traverse City, MI
Median asking rent for a 2-bedroom apartment in Traverse City, Michigan as of August 2026. That's +34% lower than the citywide median of $1,923 and +24% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-bedroom at the current median rent.
Rent by apartment size in Traverse City
Compare Traverse City's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Michigan
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Flint | $970 |
| 2 | Mount Pleasant | $970 |
| 3 | Adrian | $1,000 |
| 4 | Saginaw | $1,075 |
| 5 | Muskegon | $1,080 |
| 6 | Grand Ledge | $1,090 |
| 7 | Lansing | $1,103 |
| 8 | Marquette | $1,110 |
| 9 | Battle Creek | $1,127 |
| 10 | Dewitt | $1,130 |
| 11 | Jackson | $1,145 |
| 12 | Kalamazoo | $1,148 |
| 13 | Grand Blanc | $1,170 |
| 14 | Mount Clemens | $1,170 |
| 15 | Port Huron | $1,170 |
Most expensive cities for a 2-bedroom in Michigan
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Birmingham | $2,070 |
| 2 | West Bloomfield | $1,880 |
| 3 | Bloomfield Hills | $1,880 |
| 4 | Commerce Township | $1,850 |
| 5 | Northville | $1,820 |
| 6 | Ann Arbor | $1,805 |
| 7 | Troy | $1,795 |
| 8 | Novi | $1,790 |
| 9 | Canton | $1,740 |
| 10 | Rochester Hills | $1,730 |
| 11 | Grosse Pointe Park | $1,730 |
| 12 | New Hudson | $1,720 |
| 13 | Farmington Hills | $1,695 |
| 14 | Oak Park | $1,660 |
| 15 | Royal Oak | $1,640 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 2-bedroom rents than Traverse City.
| City | Distance | 2-Bedroom rent | vs Traverse City |
|---|---|---|---|
| Mount Pleasant, MI | 96.5 mi | $970 | $-295 (-23%) |
| Muskegon, MI | 109 mi | $1,080 | $-185 (-15%) |
| Greenville, MI | 110.3 mi | $1,240 | $-25 (-2%) |
| Northview, MI | 117.4 mi | $1,390 | +$125 (+10%) |
| Midland, MI | 119.4 mi | $1,175 | $-90 (-7%) |
| Grand Rapids, MI | 121.4 mi | $1,476 | +$211 (+17%) |
| Walker, MI | 122.9 mi | $1,440 | +$175 (+14%) |
| Allendale, MI | 123.5 mi | $1,540 | +$275 (+22%) |
| Grand Haven, MI | 124 mi | $1,290 | +$25 (+2%) |
| Wyoming, MI | 127.2 mi | $1,325 | +$60 (+5%) |
| Kentwood, MI | 127.6 mi | $1,413 | +$148 (+12%) |
| Grandville, MI | 128.7 mi | $1,400 | +$135 (+11%) |
2-Bedroom rent in Traverse City — common questions
How much is a 2-bedroom apartment in Traverse City?
As of August 2026, the median 2-bedroom apartment rent in Traverse City, Michigan is $1,265 per month. This is +34% below the citywide median of $1,923.
What income do you need to afford a 2-bedroom in Traverse City?
Using the standard 30% rent-to-income rule, you would need an annual income of about $50,600 ($4,217/month gross), which works out to roughly $24.33/hour at a full-time job.
Is Traverse City expensive for a 2-bedroom compared to the rest of the US?
Traverse City's 2-bedroom median of $1,265 is +24% below the national 2-bedroom median of $1,655. It ranks in the 24th percentile of US cities tracked.
How does Traverse City rank for 2-bedroom rent in Michigan?
Among the 92 cities in Michigan with 2-bedroom data, Traverse City ranks #31 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Traverse City?
Yes — nearby cities with cheaper 2-bedroom rents include Mount Pleasant ($970), Muskegon ($1,080), Greenville ($1,240).