Average Rent in Franklin Park, Detroit, MI

Franklin Park rentals average $1,225 for a 3-bedroom rental to $1,225 for a 3-bedroom rental. The median price of all currently available listings is $1,225, or roughly $1 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 increased by $0 (0.00%) year-over-year from $1,200 to $1,200. 1-bedroom rentals prices have increased by $106 (14.29%) year-over-year from $744 to $850. 2-bedroom rentals prices have increased by $28 (2.93%) year-over-year from $967 to $995. 3-bedroom rentals prices have increased by $34 (2.66%) year-over-year from $1,266 to $1,300. 4-bedroom rentals prices have decreased by $22 (-1.53%) year-over-year from $1,422 to $1,400. 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 0.00% this month. 1-bedroom rents have gone down by 2.58% this month. 2-bedroom rents have gone up by 6.99% this month. 3-bedroom rents have gone up by 1.96% this month. 4-bedroom rents have gone up by 13.51% this month.