What is the price range for a 1-bedroom apartment in Petoskey, MI?
The price range for a 1-bedroom apartment in Petoskey, MI is between $800 and $1,725.
What is the price range for a 2-bedroom apartment in Petoskey, MI?
The price range for a 2-bedroom apartment in Petoskey, MI is between $1,000 and $2,000.
What type of rental buildings are in Petoskey, MI?
In Petoskey, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 4% of Petoskey’s rentals, 79% are small-scale complexes with under 50 units, and 17% are single-family rentals.
What do typical apartment communities look like in Petoskey, MI?
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Petoskey are about 0 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 0 stories. About none of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
What apartment floorplans are common in Petoskey, MI?
Studio apartments in Petoskey are around 0% of rentals, while 1-bedroom floor plans represent 0% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 0% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Living in Petoskey, MI
Petoskey, located in the northern part of Michigan’s Lower Peninsula, is well-positioned on the shores of Lake Michigan’s Little Traverse Bay. It is approximately 60 miles from Traverse City and about 90 miles north of Grand Rapids. The city is known for its thriving tourism industry, particularly during the summer months, attracting renters who are interested in hospitality, retail, and outdoor recreation jobs.
The area boasts several parks and natural attractions, including the Bear River Valley Recreation Area, with its hiking trails and whitewater rafting, and the Petoskey State Park, known for its clean, sandy beaches and camping sites. The city’s arts scene is robust, featuring the Crooked Tree Arts Center, which hosts a variety of visual and performing arts events. Historical features are prominent as well, with the Gaslight Shopping District offering a glimpse into the Victorian era architecture that characterizes much of the city.
Petoskey’s neighborhoods display a cultural diversity, ranging from the historic homes in the Bay View Association — which doubles as a Chautauqua site — to more modern residential areas. Cuisine in Petoskey is marked by a blend of casual dining, fine dining, and local specialties, particularly dishes featuring fresh lake fish and locally sourced ingredients. The Petoskey area schools serve students from kindergarten through 12th grade and include Petoskey High School, which is noted for its range of extracurricular activities and academic programs.
Renting in Petoskey, MI
Renters in Petoskey can choose from a variety of options, from historic apartments in the downtown area to more secluded cabins and homes closer to the bay. Architectural styles range from traditional Victorian homes in the Bay View area to contemporary lodgings in newer developments.
Downtown Petoskey is ideal for those who appreciate easy access to cafes, bookstores, and small boutiques, all set within walking distance of Lake Michigan’s shores. For families, the quieter, suburb-like settings around the outskirts offer proximity to schools and spacious parklands. Rental properties typically include features that cater to the city’s cold winters, such as fireplaces and heated garages, while also offering picturesque views of the natural surroundings.
Shopping in Petoskey, MI
Shopping in Petoskey provides a mix of experiences, from modern malls to unique local boutiques. The Grand Traverse Mall, while technically in nearby Traverse City, serves as a large shopping hub for residents of Petoskey as well. Closer to the heart of the city, the Gaslight Shopping District offers a range of shops set in historic buildings, with products ranging from high-end kitchenware to local arts and crafts.
Common grocery chains like Meijer and Walmart are available for everyday shopping needs, and there are several local markets such as Toski Sands Market that offer specialty foods and fresh produce. The Petoskey Farmers Market, open from June through September, is a popular spot for picking up local goods and organic produce.
Transportation in Petoskey, MI
Public transportation in Petoskey includes the services provided by the Petoskey Shuttle, which offers convenient routes throughout the city and to key locations like shopping centers, hospitals, and major employment areas. For planning and payment, SMART (Suburban Mobility Authority for Regional Transportation) offers apps and online resources.
For those looking to explore or commute outside the city, there are major roads and highways connecting Petoskey to other parts of Michigan. Pellston Regional Airport, located about 20 miles north, provides options for regional and occasional international flights. Additionally, seasonal ferry services offer scenic routes across the lake, enhancing the leisurely pace of life in this northern Michigan city.
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