Average Rent in Detroit, MI

Current Versus Historical Detroit, MI Rents

Detroit rentals average $1,550 for a studio rental to $1,800 for a 4-bedroom rental. The median price of all currently available listings is $1,300, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $48 (-3.87%) year-over-year from $1,248 to $1,200. 1-bedroom rentals prices have decreased by $328 (-25.68%) year-over-year from $1,278 to $950. 2-bedroom rentals prices have increased by $5 (0.46%) year-over-year from $1,095 to $1,100. 3-bedroom rentals prices have increased by $102 (8.48%) year-over-year from $1,198 to $1,300. 4-bedroom rentals prices have increased by $138 (9.89%) year-over-year from $1,399 to $1,538. 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 14.29% this month. 1-bedroom rents have gone down by 6.40% this month. 2-bedroom rents have gone up by 3.13% this month. 3-bedroom rents have gone up by 4.00% this month. 4-bedroom rents have gone up by 6.34% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.74	$1,200	$1,248 (-3.87%)	$2,369 (-49.34%)
1 BR	$1.61	$950	$1,278 (-25.68%)	$1,102 (-13.78%)
2 BR	$1.35	$1,100	$1,095 (0.46%)	$1,223 (-10.02%)
3 BR	$1.13	$1,300	$1,198 (8.48%)	$1,008 (28.93%)
4+ BR	$1.17	$1,538	$1,399 (9.89%)	$1,225 (25.51%)

Historical Rents in Detroit, MI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Detroit

There are a total of 2 cities nearby Detroit. The average rent in Detroit is currently $2,544 per month. 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 Detroit, MI is Birmingham, MI. Monthly rents here are on average $2,988 per month.

Let's compare Detroit, MI's rent against other top cities nearby by bedroom size. One bedrooms are about 38.70% more affordable. Two bedrooms in Detroit, MI are about 85.94% more affordable. Finally, rent for three bedrooms are about 101.89% more affordable. Want more information? Check out the top 2 cities near Detroit, MI in the following chart.

City	Studio	1 Bed	2 Bed	All
Royal Oak, MI	N/A	$1,135	$1,600	$2,100
Birmingham, MI	N/A	$2,333	$2,863	$2,988

Top Neighborhoods Near Detroit

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Detroit

Some of these counties include Detroit, MI, Royal Oak, MI, and Birmingham, MI. The average rent for rentals in these counties is $2,100. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Detroit, MI. It's average rent per month is $1,300. Vice versa, with an average rent of $2,988, Birmingham, MI is the most expensive county by Detroit, MI.

In comparison, rent for one bedroom listings in Detroit, MI is on par with the other counties nearby. Finally, rent for two bedrooms in Detroit, MI is 33.33% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Detroit, MI	$1,550	$1,250	$1,200	$1,300
Royal Oak, MI	N/A	$1,135	$1,600	$2,100
Birmingham, MI	N/A	$2,333	$2,863	$2,988

Top Zipcodes Near Detroit

There is one zipcode in or near Detroit, MI. The average rent for this zipcode is $3,000.

The following chart includes the zipcode in or near Detroit, MI. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
48009, Birmingham, MI	N/A	$2,333	$2,863	$3,000

Frequently Asked Questions - Detroit Average Rents

What is the average rent price in Detroit, MI?

The average monthly rental price for Detroit, MI apartments for rent is approximately $1,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Detroit, 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 Detroit, MI.

How much is a studio apartment in Detroit, MI?

The average monthly rental price for studio apartments is $1,550 and an average price per square feet of $1.74. There are a total of 8 studio apartment listings currently available for rent in Detroit.

How much is a one bedroom apartment in Detroit, MI?

The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $1.61. There are a total of 33 one bedroom apartment listings currently available for rent in Detroit.

How much is a two bedroom apartment in Detroit, MI?

The average monthly rental price for two bedroom apartments is $1,200 and an average price per square feet of $1.35. There are a total of 65 two bedroom apartment listings currently available for rent in Detroit.

How have rent prices in Detroit, MI changed this year?

Rent prices for rentals in Detroit, MI can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in Detroit, MI?

A reasonable rent price in Detroit, MI is around $1,040/month. You can search for these reasonably priced rental listings on RentHop.