Average Rent in Michigan

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Current Versus Historical Michigan Rents

Michigan rentals average $885 for a studio rental to $3,225 for a 4-bedroom rental. The median price of all currently available listings is $1,395, or roughly $18 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $103 (-10.10%) year-over-year from $1,015 to $913. 1-bedroom rentals prices have decreased by $366 (-27.79%) year-over-year from $1,315 to $950. 2-bedroom rentals prices have decreased by $16 (-1.18%) year-over-year from $1,341 to $1,325. 3-bedroom rentals prices have increased by $126 (7.53%) year-over-year from $1,674 to $1,800. 4-bedroom rentals prices have decreased by $40 (-1.25%) year-over-year from $3,190 to $3,150. 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 6.10% this month. 1-bedroom rents have gone down by 10.97% this month. 2-bedroom rents have gone up by 1.27% this month. 3-bedroom rents have gone up by 7.04% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$18.67	$913	$1,015 (-10.10%)	$933 (-2.18%)
1 BR	$21.16	$950	$1,315 (-27.79%)	$980 (-3.11%)
2 BR	$18.11	$1,325	$1,341 (-1.18%)	$1,217 (8.90%)
3 BR	$18.06	$1,800	$1,674 (7.53%)	$1,500 (20.00%)
4+ BR	$15.79	$3,150	$3,190 (-1.25%)	$2,230 (41.26%)

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 $2,223 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Columbus, OH, with an average rent of $1,035, is the most affordable city nearby. In contrast, the most expensive city near Michigan is New York, NY. Monthly rents here are on average $4,895 per month.

Let's compare Michigan's rent against other top cities nearby by bedroom size. Typically, rent for studios in Michigan is 69.69% more affordable than other cities nearby. One bedrooms are about 82.85% more affordable. Two bedrooms in Michigan are about 63.96% more affordable. Finally, rent for three bedrooms are about 44.31% 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	$900	$925	$1,088	$1,050
Cleveland, OH	$797	$1,174	$1,000	$1,150
Grand Rapids, MI	$1,509	$1,200	$1,245	$1,295
Detroit, MI	$1,200	$850	$1,100	$1,299
Ann Arbor, MI	$1,338	$1,375	$2,000	$2,025
Chicago, IL	$1,523	$2,015	$2,400	$2,250
Schaumburg, IL	N/A	$2,200	$2,250	$2,393
Aurora, IL	$1,150	$1,869	$2,299	$2,400
Evanston, IL	$2,413	$2,295	$2,395	$2,535
Naperville, IL	N/A	$1,799	$2,355	$2,618

Top Neighborhoods Near Michigan

There are a total of 166 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 166 total neighborhoods in or near Michigan in the following table.

The average rent for these 30 neighborhoods in or near Michigan is currently around $3,000 per month. Interestingly, the neighborhoods' average rent is higher than Michigan's average rent, which is only $1,395. Out of all the neighborhoods in or near Michigan, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $8,093 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	$1,295	$1,500	$2,600	$1,600
Rogers Park, Chicago, IL	$1,200	$1,450	$1,900	$1,650
North Philadelphia East, Philadelphia, PA	$1,300	$1,757	$1,650	$1,795
Uptown, Chicago, IL	$1,300	$1,750	$2,700	$1,923
Ravenswood, Chicago, IL	$1,500	$1,900	$2,595	$2,150
Logan Square, Chicago, IL	$1,475	$1,995	$2,550	$2,375
Lakeview, Chicago, IL	$1,500	$2,100	$3,100	$2,395
Near North Side, Chicago, IL	$1,950	$2,598	$4,000	$2,800
Bedford-Stuyvesant, New York, NY	$3,250	$3,498	$4,195	$3,800
Crown Heights, New York, NY	$3,100	$3,425	$4,552	$3,800
Bushwick, New York, NY	$3,369	$3,300	$3,895	$3,949
Harlem, New York, NY	$2,899	$3,400	$3,995	$3,995
East Harlem, New York, NY	$3,363	$3,599	$3,695	$4,000
Downtown Brooklyn, New York, NY	$3,595	$4,390	$6,413	$4,426
Long Island City, New York, NY	$3,694	$4,530	$6,725	$4,536
Greenpoint, New York, NY	$3,630	$4,600	$6,886	$4,650
Murray Hill, New York, NY	$4,050	$5,000	$7,913	$4,800
Hell's Kitchen, New York, NY	$3,750	$4,548	$6,373	$4,950
Upper East Side, New York, NY	$3,300	$4,450	$7,820	$4,995
Midtown, New York, NY	$3,898	$4,900	$7,898	$5,000
Williamsburg, New York, NY	$4,141	$5,020	$5,750	$5,068
Financial District, New York, NY	$4,150	$5,350	$7,150	$5,140
Upper West Side, New York, NY	$3,600	$4,895	$7,581	$5,295
Midtown East, New York, NY	$4,100	$5,300	$7,400	$5,300
Kips Bay, New York, NY	$3,956	$4,590	$5,995	$5,495
East Village, New York, NY	$4,100	$4,295	$6,200	$5,500
Hudson Yards, New York, NY	$4,375	$5,495	$8,350	$5,530
Chelsea, New York, NY	$4,550	$6,000	$9,390	$6,000
West Village, New York, NY	$4,800	$5,890	$7,000	$6,000
Greenwich Village, New York, NY	$4,850	$6,800	$8,255	$6,500

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 $22 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Cleveland, OH. Its average rent per month is $1,150. Vice versa, with an average rent of $5,395, Manhattan, New York, NY is the most expensive county by Michigan.

Typically, rent for studios in Michigan is 68.64% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Michigan is 82.07% more affordable than other counties nearby. Finally, rent for two bedrooms in Michigan is 63.02% 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	$797	$1,174	$1,000	$1,150
Detroit, MI	$1,200	$850	$1,100	$1,299
Buffalo, NY	$1,000	$1,275	$1,425	$1,500
Pittsburgh, PA	$1,125	$1,300	$1,595	$1,600
Ann Arbor, MI	$1,338	$1,375	$2,000	$2,025
Chicago, IL	$1,523	$2,015	$2,400	$2,250
Naperville, IL	N/A	$1,810	$2,350	$2,433
Evanston, IL	$2,413	$2,295	$2,395	$2,535
Montgomery, MD	$1,718	$2,000	$2,500	$3,097
Loudoun, VA	$1,450	$1,875	$2,600	$3,300

Top Zipcodes Near Michigan

There are a total of 50 zipcodes in or near Michigan. The average rent for all of these zipcodes is $4,656.

Studios in these zipcodes have an average rent of $3,568. 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 $4,398 per month. Or in other words, $83 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,145 per month. Which comes out to $82 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	$4,050	$5,000	$6,737	$5,413
10019, New York, NY	$3,850	$4,670	$7,200	$4,950
10003, New York, NY	$4,325	$5,525	$6,995	$5,850
10009, New York, NY	$3,495	$4,395	$5,995	$5,625
60657, Chicago, IL	$1,503	$2,100	$3,125	$2,350
10025, New York, NY	$3,500	$4,343	$5,125	$4,822
10038, New York, NY	$3,968	$5,530	$6,995	$5,400
11201, New York, NY	$3,650	$4,400	$6,495	$4,727
11101, New York, NY	$3,745	$4,598	$6,688	$4,643
10036, New York, NY	$4,073	$5,395	$7,607	$5,595

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 $1,395. 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 $885 and an average price per square feet of $18.67. There are a total of 71 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 $961 and an average price per square feet of $21.16. There are a total of 266 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 $1,325 and an average price per square feet of $18.11. There are a total of 479 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 -0.10%, one bedroom rental prices have changed by -0.28%, two bedroom rental prices have changed by -0.01%, three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in Michigan?

A reasonable rent price in Michigan is around $1,116/month. You can search for these reasonably priced rental listings on RentHop.