Average Rent in 48009, Birmingham, MI

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Current Versus Historical 48009, Birmingham, MI Rents

48009 rentals average $2,815 for a 1-bedroom rental to $8,900 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $225 (-6.67%) year-over-year from $3,375 to $3,150. 1-bedroom rentals prices have increased by $230 (15.64%) year-over-year from $1,469 to $1,699. 2-bedroom rentals prices have increased by $259 (10.93%) year-over-year from $2,366 to $2,625. 3-bedroom rentals prices have decreased by $732 (-18.15%) year-over-year from $4,032 to $3,300. 4-bedroom rentals prices have increased by $4,571 (71.10%) year-over-year from $6,429 to $11,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 2.58% this month. 1-bedroom rents have gone down by 5.42% this month. 2-bedroom rents have gone down by 2.78% this month. 3-bedroom rents have gone up by 4.27% this month. 4-bedroom rents have gone up by 4.76% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $3.42 $1,699 $1,469 (15.64%) $1,288 (31.88%)
2 BR $2.38 $2,625 $2,366 (10.93%) $2,638 (-0.47%)
3 BR $2.21 $3,300 $4,032 (-18.15%) $3,322 (-0.65%)
4+ BR $3.90 $11,000 $6,429 (71.10%) $6,567 (67.51%)

Historical Rents in 48009, Birmingham, MI

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 48009

There are a total of 2 cities nearby 48009. The average rent in 48009 is currently $2,550 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Royal Oak, MI, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near 48009, Birmingham, MI is Birmingham, MI. Monthly rents here are on average $3,000 per month.

Let's compare 48009, Birmingham, MI's rent against other top cities nearby by bedroom size. One bedrooms are about 29.84% more expensive. Two bedrooms in 48009, Birmingham, MI are about 20.59% more expensive. Finally, rent for three bedrooms are about 17.19% more expensive. Want more information? Check out the top 2 cities near 48009, Birmingham, MI in the following chart.
City Studio 1 Bed 2 Bed All
Royal Oak, MI N/A $1,135 $1,750 $2,100
Birmingham, MI N/A $2,815 $2,975 $3,000

Top Neighborhoods Near 48009



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 48009

The average rent for rentals in these counties is $2,550. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Royal Oak, MI. It's average rent per month is $2,100. Vice versa, with an average rent of $3,000, Birmingham, MI is the most expensive county by 48009, Birmingham, MI.

In comparison, rent for one bedroom listings in 48009, Birmingham, MI is 29.84% more expensive than other counties nearby. Finally, rent for two bedrooms in 48009, Birmingham, MI is 20.59% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Royal Oak, MI N/A $1,135 $1,750 $2,100
Birmingham, MI N/A $2,815 $2,975 $3,000

Top Zipcodes Near 48009



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - 48009 Average Rents

What is the average rent price in 48009, Birmingham, MI?
The average monthly rental price for 48009, Birmingham, MI apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 48009, Birmingham, MI rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 48009, Birmingham, MI.
How much is a studio apartment in 48009, Birmingham, MI?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 48009.
How much is a one bedroom apartment in 48009, Birmingham, MI?
The average monthly rental price for one bedroom apartments is $2,815 and an average price per square feet of $3.42. There are a total of 13 one bedroom apartment listings currently available for rent in 48009.
How much is a two bedroom apartment in 48009, Birmingham, MI?
The average monthly rental price for two bedroom apartments is $2,975 and an average price per square feet of $2.38. There are a total of 21 two bedroom apartment listings currently available for rent in 48009.
How have rent prices in 48009, Birmingham, MI changed this year?
Rent prices for rentals in 48009, Birmingham, MI can fluctuate yearly. Specifically, studio rental prices have changed by -0.07%, one bedroom rental prices have changed by 0.16%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by -0.18% year-over-year.
What is a reasonable rent price in 48009, Birmingham, MI?
A reasonable rent price in 48009, Birmingham, MI is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.
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