Rent by ZIP · Grand Traverse County
Rent in Traverse City, MI 49696
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,470 (+11.4% vs FY2026). Renters in this ZIP code pay a median $1,418 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,210 | $1,100 | +10% | $1,089–1,331 | – |
| 1 bedroom | $1,220 | $1,110 | +9.9% | $1,098–1,342 | $1,402 ±$424 |
| 2 bedrooms | $1,470 | $1,320 | +11.4% | $1,323–1,617 | $1,342 ±$160 |
| 3 bedrooms | $1,930 | $1,700 | +13.5% | $1,737–2,123 | – |
| 4 bedrooms | $1,970 | $1,750 | +12.6% | $1,773–2,167 | – |
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 49696
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 |
|---|---|---|---|
| 49690 | Williamsburg | $1,480 | $1,307 |
| 49689 | Wellston | $1,010 | $794 |
| 49688 | Tustin | $1,420 | $1,160 |
| 49686 | Traverse City | $1,430 | $1,227 |
| 49685 | Traverse City | $1,600 | $1,623 |
| 49684 | Traverse City | $1,450 | $1,303 |
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.