Average Rent in Michigan

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Current Versus Historical Michigan Rents

Michigan rentals average $1,200 for a studio rental to $3,175 for a 4-bedroom rental. The median price of all currently available listings is $1,550, or roughly $19 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $56 (4.62%) year-over-year from $1,219 to $1,275. 1-bedroom rentals prices have decreased by $206 (-13.92%) year-over-year from $1,478 to $1,273. 2-bedroom rentals prices have increased by $208 (13.07%) year-over-year from $1,588 to $1,795. 3-bedroom rentals prices have increased by $288 (17.30%) year-over-year from $1,662 to $1,950. 4-bedroom rentals prices have decreased by $225 (-6.77%) year-over-year from $3,325 to $3,100. 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 29.55% this month. 1-bedroom rents have gone up by 13.46% this month. 2-bedroom rents have gone up by 24.36% this month. 3-bedroom rents have gone up by 14.71% this month. 4-bedroom rents have gone down by 2.57% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$17.02	$1,275	$1,219 (4.62%)	$953 (33.79%)
1 BR	$22.96	$1,273	$1,478 (-13.92%)	$980 (29.85%)
2 BR	$20.29	$1,795	$1,588 (13.07%)	$1,215 (47.74%)
3 BR	$17.82	$1,950	$1,662 (17.30%)	$1,492 (30.73%)
4+ BR	$15.36	$3,100	$3,325 (-6.77%)	$2,497 (24.17%)

Historical Rents in Michigan

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Michigan

There are a total of 48 cities nearby Michigan. The average rent in Michigan is currently $2,320 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Milwaukee, WI, with an average rent of $1,050, is the most affordable city nearby. In contrast, the most expensive city near Michigan is New York, NY. Monthly rents here are on average $4,962 per month.

Let's compare Michigan's rent against other top cities nearby by bedroom size. Typically, rent for studios in Michigan is 30.42% more affordable than other cities nearby. One bedrooms are about 32.28% more affordable. Two bedrooms in Michigan are about 29.49% more affordable. Finally, rent for three bedrooms are about 37.30% more affordable. Want more information? Check out the top 10 cities out of 48 total cities near Michigan in the following table.

City	Studio	1 Bed	2 Bed	All
Milwaukee, WI	$783	$1,006	$1,050	$1,050
Cleveland, OH	$945	$1,023	$995	$1,099
Detroit, MI	$10,000	$815	$1,100	$1,350
Grand Rapids, MI	$1,095	$1,195	$1,395	$1,395
Ann Arbor, MI	$1,295	$1,550	$1,900	$1,800
Schaumburg, IL	N/A	$2,182	$2,300	$2,400
Aurora, IL	$1,350	$1,300	$2,200	$2,450
Evanston, IL	$2,520	$1,890	$2,325	$2,500
Chicago, IL	$2,041	$2,493	$2,900	$2,500
Naperville, IL	N/A	$1,650	$2,325	$2,963

Top Neighborhoods Near Michigan

There are a total of 154 neighborhoods in or near Michigan. Some of these neighborhoods include Edgewater, Rogers Park, and North Philadelphia East. We've included the top 30 neighborhoods out of 154 total neighborhoods in or near Michigan in the following table.

The average rent for these 30 neighborhoods in or near Michigan is currently around $3,006 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only twenty-two neighborhoods have a higher average rent than $3,006. Interestingly, the neighborhoods' average rent is higher than Michigan's average rent, which is only $1,550. Out of all the neighborhoods in or near Michigan, Terry Sanford has the most affordable average rent at $1,400 per month. Whereas, at $8,085 average rent per month, Tribeca is the most expensive neighborhood in or near Michigan. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,347	$1,600	$2,465	$1,650
Rogers Park, Chicago, IL	$1,341	$1,450	$1,995	$1,750
North Philadelphia East, Philadelphia, PA	$1,300	$1,846	$1,656	$1,800
Uptown, Chicago, IL	$1,381	$1,810	$2,500	$1,913
Ravenswood, Chicago, IL	$1,400	$1,913	$2,673	$2,250
Logan Square, Chicago, IL	$1,595	$2,073	$2,495	$2,368
Lakeview, Chicago, IL	$1,505	$2,295	$3,000	$2,490
Near North Side, Chicago, IL	$2,318	$2,800	$4,131	$3,015
Bedford-Stuyvesant, New York, NY	$3,225	$3,399	$4,200	$3,600
Crown Heights, New York, NY	$2,968	$3,449	$4,722	$3,785
Harlem, New York, NY	$2,850	$3,200	$3,850	$3,900
Bushwick, New York, NY	$3,175	$3,500	$3,895	$3,900
East Harlem, New York, NY	$3,225	$3,600	$3,398	$3,992
Downtown Brooklyn, New York, NY	$3,571	$4,407	$6,471	$4,592
Long Island City, New York, NY	$3,694	$4,500	$6,575	$4,600
Greenpoint, New York, NY	$3,690	$4,595	$7,050	$4,604
Hell's Kitchen, New York, NY	$3,800	$4,700	$6,075	$5,000
Murray Hill, New York, NY	$3,875	$5,395	$7,600	$5,006
Midtown, New York, NY	$4,028	$4,920	$7,550	$5,150
Financial District, New York, NY	$4,195	$5,450	$6,945	$5,150
Williamsburg, New York, NY	$4,100	$5,009	$5,800	$5,189
Midtown East, New York, NY	$3,900	$5,050	$7,913	$5,300
Hudson Yards, New York, NY	$4,325	$5,450	$7,995	$5,473
Kips Bay, New York, NY	$3,930	$4,800	$5,900	$5,480
Upper East Side, New York, NY	$3,450	$4,995	$8,125	$5,495
Upper West Side, New York, NY	$3,500	$5,100	$7,900	$5,600
West Village, New York, NY	$5,100	$5,500	$6,950	$5,650
East Village, New York, NY	$3,500	$4,395	$5,995	$5,800
Chelsea, New York, NY	$4,510	$6,250	$10,095	$6,095
Greenwich Village, New York, NY	$4,800	$6,990	$12,995	$6,775

Top Counties Near Michigan

There are a total of 50 counties located by Michigan. Some of these counties include Cleveland, OH, Detroit, MI, and Buffalo, NY. The average rent for rentals in these counties is $2,500. That's roughly around $21 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Cleveland, OH. Its average rent per month is $1,099. Vice versa, with an average rent of $5,495, Manhattan, New York, NY is the most expensive county by Michigan.

Typically, rent for studios in Michigan is 27.08% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Michigan is 38.16% more affordable than other counties nearby. Finally, rent for two bedrooms in Michigan is 29.49% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cleveland, OH	$945	$1,023	$995	$1,099
Detroit, MI	$10,000	$815	$1,100	$1,350
Buffalo, NY	$1,000	$1,260	$1,325	$1,475
Pittsburgh, PA	$750	$1,295	$1,600	$1,750
Ann Arbor, MI	$1,295	$1,550	$1,900	$1,800
Evanston, IL	$2,520	$1,890	$2,325	$2,500
Chicago, IL	$2,041	$2,493	$2,900	$2,500
Naperville, IL	N/A	$1,650	$2,300	$2,600
Montgomery, MD	$1,700	$2,099	$2,500	$3,000
Loudoun, VA	$1,800	$1,873	$2,500	$3,200

Top Zipcodes Near Michigan

There are a total of 50 zipcodes in or near Michigan. The average rent for all of these zipcodes is $4,789.

Studios in these zipcodes have an average rent of $3,456. That's at least $90 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Michigan is $4,500 per month. Or in other words, $87 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,497 per month. Which comes out to $80 per sqft. The following table includes the top 10 zipcodes in Michigan. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,950	$5,275	$6,859	$5,425
10019, New York, NY	$3,830	$4,831	$6,750	$5,075
10003, New York, NY	$4,500	$6,400	$6,995	$6,400
10009, New York, NY	$3,199	$4,948	$5,750	$5,695
60657, Chicago, IL	$1,545	$2,195	$3,098	$2,400
10025, New York, NY	$3,363	$4,600	$5,400	$5,000
10038, New York, NY	$4,225	$5,335	$6,935	$5,275
11201, New York, NY	$3,745	$4,475	$6,495	$4,777
11101, New York, NY	$3,694	$4,525	$6,535	$4,679
10036, New York, NY	$3,800	$5,100	$7,024	$5,341

Frequently Asked Questions - Michigan Average Rents

What is the average rent price in Michigan?

The average monthly rental price for Michigan apartments for rent is approximately $1,550. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Michigan 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 Michigan.

How much is a studio apartment in Michigan?

The average monthly rental price for studio apartments is $1,200 and an average price per square feet of $17.02. There are a total of 89 studio apartment listings currently available for rent in Michigan.

How much is a one bedroom apartment in Michigan?

The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $22.96. There are a total of 370 one bedroom apartment listings currently available for rent in Michigan.

How much is a two bedroom apartment in Michigan?

The average monthly rental price for two bedroom apartments is $1,699 and an average price per square feet of $20.29. There are a total of 489 two bedroom apartment listings currently available for rent in Michigan.

How have rent prices in Michigan changed this year?

Rent prices for rentals in Michigan can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by 0.13%, three bedroom rental prices have changed by 0.17% year-over-year.

What is a reasonable rent price in Michigan?

A reasonable rent price in Michigan is around $1,240/month. You can search for these reasonably priced rental listings on RentHop.