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Affordable apartments in Petoskey, Michigan

10 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

9 lihtc1 section 8

Buildings

TRAVERSE WOODS APTS

LIHTC
800 LAFAYETTE AVE, PETOSKEY, MI
Income-restricted units
128 of 128
Year placed in service
2010
Bedroom mix
64 1BR · 64 2BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

RIVERVIEW TERRACE

Section 8
11 BRIDGE, Petoskey, MI, 49770
Income-restricted units
70 of 70
Year placed in service
Not reported

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

HILLSIDE CLUB PHASE II

LIHTC
405 VALLEYCREST, PETOSKEY, MI, 49770
Income-restricted units
64 of 104
Year placed in service
2002
Bedroom mix
8 1BR · 64 2BR · 32 3BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

HILLSIDE CLUB APTS

LIHTC
2002 E MITCHELL RD, PETOSKEY, MI, 49770
Income-restricted units
56 of 56
Year placed in service
1999
Bedroom mix
8 1BR · 32 2BR · 16 3BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

MAPLE VILLAGE II

LIHTC
1695 MEADOW WAY, PETOSKEY, MI, 49770
Income-restricted units
48 of 48
Year placed in service
2006
Bedroom mix
39 2BR · 10 3BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

MAPLE VILLAGE I

LIHTC
1515 MEADOW WAY, PETOSKEY, MI, 49770
Income-restricted units
48 of 48
Year placed in service
2003
Bedroom mix
36 2BR · 12 3BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

HARBOR VILLAGE FAMILY (PETOSKY)

LIHTC
1301 CRESTVIEW DR, PETOSKEY, MI, 49770
Income-restricted units
48 of 48
Year placed in service
1991
Bedroom mix
16 1BR · 32 2BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

HARBOR VILLAGE SENIOR (PETOSKY)

LIHTC
1401 CRESTVIEW DR, PETOSKEY, MI, 49770
Income-restricted units
44 of 44
Year placed in service
1992
Bedroom mix
36 1BR · 8 2BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

HARBOR VILLAGE SENIOR II (PETOSKY)

LIHTC
1501 CRESTVIEW DR, PETOSKEY, MI, 49770
Income-restricted units
44 of 44
Year placed in service
1992
Bedroom mix
36 1BR · 8 2BR

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

RIVERVIEW TERRACE (PETOSKEY)

LIHTC
11 BRIDGE ST, PETOSKEY, MI, 49770
Income-restricted units
Not reported of 64
Year placed in service
8888

Estimated total housing cost: $894 rent + $128 utilities = $1,022/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Michigan

Residential electricity in Michigan runs about 20.19¢/kWh, with a typical monthly residential electric bill near $128. Natural gas runs about $13.39/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Petoskey, MI

Metro-level
BedroomsLocal FMRNational median
Studio$760n/a
1 bedroom$849n/a
2 bedroom$894$1,502
3 bedroom$1,162n/a
4 bedroom$1,341n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Emmet County, MI

FY2025. Area median income: $97,600.

Household size30% AMI50% AMI80% AMI
1 person$20,550$34,200$54,700
2 people$23,450$39,050$62,500
3 people$26,650$43,950$70,300
4 people$32,150$48,800$78,100
5 people$37,650$52,750$84,350
6 people$43,150$56,650$90,600
7 people$48,650$60,550$96,850
8 people$54,150$64,450$103,100

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Michigan cities

See all affordable-rental cities in Michigan

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Petoskey cost-of-living and Fair Market Rent overview