Average Rent in Madison Heights, MI

Madison Heights rentals average $1,250 for a 2-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,475, 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 $267 (15.38%) year-over-year from $1,733 to $2,000. 1-bedroom rentals prices have increased by $480 (49.48%) year-over-year from $970 to $1,450. 2-bedroom rentals prices have decreased by $116 (-8.21%) year-over-year from $1,416 to $1,300. 3-bedroom rentals prices have decreased by $8 (-0.53%) year-over-year from $1,583 to $1,575. 4-bedroom rentals prices have decreased by $217 (-10.74%) year-over-year from $2,017 to $1,800. 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 up by 10.73% this month. 1-bedroom rents have gone up by 30.83% this month. 2-bedroom rents have gone up by 3.65% this month. 3-bedroom rents have gone down by 8.70% this month. 4-bedroom rents have gone down by 11.48% this month.