3-Bedroom Apartment Rent in Traverse City, MI
Median asking rent for a 3-bedroom apartment in Traverse City, Michigan as of August 2026. That's +19% lower than the citywide median of $1,923 and +27% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Michigan
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Flint | $1,200 |
| 2 | Mount Pleasant | $1,270 |
| 3 | Adrian | $1,300 |
| 4 | Muskegon | $1,320 |
| 5 | Marquette | $1,340 |
| 6 | Battle Creek | $1,363 |
| 7 | Saginaw | $1,395 |
| 8 | Grand Ledge | $1,420 |
| 9 | Lansing | $1,437 |
| 10 | Grand Blanc | $1,440 |
| 11 | Mount Clemens | $1,440 |
| 12 | Port Huron | $1,440 |
| 13 | Taylor | $1,440 |
| 14 | Wayne | $1,440 |
| 15 | Wyandotte | $1,440 |
Most expensive cities for a 3-bedroom in Michigan
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Birmingham | $2,540 |
| 2 | West Bloomfield | $2,305 |
| 3 | Bloomfield Hills | $2,300 |
| 4 | Rochester | $2,298 |
| 5 | Commerce Township | $2,270 |
| 6 | Northville | $2,220 |
| 7 | Troy | $2,200 |
| 8 | Novi | $2,195 |
| 9 | Ann Arbor | $2,175 |
| 10 | Canton | $2,130 |
| 11 | Rochester Hills | $2,120 |
| 12 | Grosse Pointe Park | $2,120 |
| 13 | New Hudson | $2,110 |
| 14 | Farmington Hills | $2,080 |
| 15 | Oak Park | $2,030 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 3-bedroom rents than Traverse City.
| City | Distance | 3-Bedroom rent | vs Traverse City |
|---|---|---|---|
| Mount Pleasant, MI | 96.5 mi | $1,270 | $-285 (-18%) |
| Muskegon, MI | 109 mi | $1,320 | $-235 (-15%) |
| Greenville, MI | 110.3 mi | $1,610 | +$55 (+4%) |
| Northview, MI | 117.4 mi | $1,496 | $-59 (-4%) |
| Midland, MI | 119.4 mi | $1,520 | $-35 (-2%) |
| Grand Rapids, MI | 121.4 mi | $1,924 | +$369 (+24%) |
| Walker, MI | 122.9 mi | $1,870 | +$315 (+20%) |
| Allendale, MI | 123.5 mi | $1,980 | +$425 (+27%) |
| Grand Haven, MI | 124 mi | $1,660 | +$105 (+7%) |
| Wyoming, MI | 127.2 mi | $1,725 | +$170 (+11%) |
| Kentwood, MI | 127.6 mi | $1,840 | +$285 (+18%) |
| Grandville, MI | 128.7 mi | $1,820 | +$265 (+17%) |
3-Bedroom rent in Traverse City — common questions
How much is a 3-bedroom apartment in Traverse City?
As of August 2026, the median 3-bedroom apartment rent in Traverse City, Michigan is $1,555 per month. This is +19% below the citywide median of $1,923.
What income do you need to afford a 3-bedroom in Traverse City?
Using the standard 30% rent-to-income rule, you would need an annual income of about $62,200 ($5,183/month gross), which works out to roughly $29.90/hour at a full-time job.
Is Traverse City expensive for a 3-bedroom compared to the rest of the US?
Traverse City's 3-bedroom median of $1,555 is +27% below the national 3-bedroom median of $2,130. It ranks in the 19th percentile of US cities tracked.
How does Traverse City rank for 3-bedroom rent in Michigan?
Among the 92 cities in Michigan with 3-bedroom data, Traverse City ranks #29 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Traverse City?
Yes — nearby cities with cheaper 3-bedroom rents include Mount Pleasant ($1,270), Muskegon ($1,320), Northview ($1,496).