Rent in Grand Traverse County, MI at a glance
2-bedroom rent (HUD)
$1,357$16,284 a year · HUD fiscal year 2026From October 1, 2026: $1,436 (+5.8%)How much rent can you afford in Grand Traverse County, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Grand Traverse County, MI by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,136 | $13,632 | $45,440 | $21.85/hr |
| 1 bedroom | $1,143 | $13,716 | $45,720 | $21.98/hr |
| 2 bedroomsMost searched | $1,357 | $16,284 | $54,280 | $26.10/hr |
| 3 bedrooms | $1,747 | $20,964 | $69,880 | $33.60/hr |
| 4 bedrooms | $1,797 | $21,564 | $71,880 | $34.56/hr |
Cost of living in Grand Traverse County, MI: income, prices and a budget →
Living and working in Grand Traverse County, MI
Rent in Grand Traverse County, MI: common questions
How much is rent going up in Grand Traverse County, MI in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,436 for a two-bedroom, up 5.8% from $1,357. A one-bedroom goes from $1,143 to $1,188, a studio from $1,136 to $1,181.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Grand Traverse County, MI?
HUD's Fair Market Rent for 2026 is $1,143 for a one-bedroom and $1,357 for a two-bedroom, utilities included. That is $16,284 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Grand Traverse County, MI?
To keep a $1,357 two-bedroom at 30% of gross pay, one full-time worker needs $26.10 an hour, or $54,280 a year. A one-bedroom at $1,143 takes $21.98 an hour.
How much is a 1, 2 or 3-bedroom apartment in Grand Traverse County, MI?
At HUD's 2026 Fair Market Rent: studio $1,136, one bedroom $1,143, two $1,357, three $1,747 and four $1,797 a month.
Is rent affordable in Grand Traverse County, MI?
For the typical household, earning $81,647 a year ($6,804 a month, Census ACS), a two-bedroom at $1,357 takes 19.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,357 × 12) ÷ 0.30 = $54,280. Divided by 2,080 working hours, that is $26.10 an hour.