Rent by ZIP · Grand Traverse County
Rent in Traverse City, MI 49686
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,430 (+4.4% vs FY2026). Renters in this ZIP code pay a median $1,227 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,180 | $1,150 | +2.6% | $1,062–1,298 | $978 ±$63 |
| 1 bedroom | $1,180 | $1,150 | +2.6% | $1,062–1,298 | $937 ±$173 |
| 2 bedrooms | $1,430 | $1,370 | +4.4% | $1,287–1,573 | $1,227 ±$124 |
| 3 bedrooms | $1,880 | $1,760 | +6.8% | $1,692–2,068 | $1,739 ±$99 |
| 4 bedrooms | $1,920 | $1,810 | +6.1% | $1,728–2,112 | – |
Small Area FMRs for the Grand Traverse County, MI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Grand Traverse County, MI HUD Metro FMR Area, 2 bedrooms: $1,436.
What renters pay in 49686
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 49685 | Traverse City | $1,600 | $1,623 |
| 49684 | Traverse City | $1,450 | $1,303 |
| 49688 | Tustin | $1,420 | $1,160 |
| 49683 | Thompsonville | $1,230 | $747 |
| 49689 | Wellston | $1,010 | $794 |
| 49682 | Suttons Bay | $1,490 | $1,125 |
Fair Market Rents across Grand Traverse County, MI · All MI counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.