Average Rent in Michigan

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Current Versus Historical Michigan Rents

Michigan rentals average $823 for a studio rental to $3,060 for a 4-bedroom rental. The median price of all currently available listings is $1,400, or roughly $18 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $397 (49.69%) year-over-year from $798 to $1,195. 1-bedroom rentals prices have decreased by $322 (-25.80%) year-over-year from $1,247 to $925. 2-bedroom rentals prices have increased by $593 (47.12%) year-over-year from $1,258 to $1,850. 3-bedroom rentals prices have increased by $320 (19.10%) year-over-year from $1,675 to $1,995. 4-bedroom rentals prices have increased by $593 (21.92%) year-over-year from $2,707 to $3,300. 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 12.82% this month. 1-bedroom rents have gone down by 13.95% this month. 2-bedroom rents have gone up by 16.60% this month. 3-bedroom rents have gone up by 7.94% this month. 4-bedroom rents have gone down by 2.58% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$17.75	$1,195	$798 (49.69%)	$924 (29.33%)
1 BR	$21.25	$925	$1,247 (-25.80%)	$960 (-3.65%)
2 BR	$18.13	$1,850	$1,258 (47.12%)	$1,216 (52.10%)
3 BR	$17.31	$1,995	$1,675 (19.10%)	$1,532 (30.25%)
4+ BR	$17.12	$3,300	$2,707 (21.92%)	$2,297 (43.69%)

Historical Rents in Michigan

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Michigan

There are a total of 49 cities nearby Michigan. The average rent in Michigan is currently $2,200 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Indianapolis, IN, with an average rent of $950, 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 81.95% more affordable than other cities nearby. One bedrooms are about 72.50% more affordable. Two bedrooms in Michigan are about 53.76% more affordable. Finally, rent for three bedrooms are about 44.44% more affordable. Want more information? Check out the top 10 cities out of 49 total cities near Michigan in the following table.

City	Studio	1 Bed	2 Bed	All
Milwaukee, WI	$1,400	$903	$1,150	$1,100
Cleveland, OH	$823	$1,500	$975	$1,164
Ypsilanti, MI	$470	$1,045	$1,365	$1,203
Detroit, MI	N/A	$800	$1,075	$1,292
Grand Rapids, MI	$1,098	$995	$1,395	$1,495
Ann Arbor, MI	$1,290	$1,395	$2,038	$1,900
Chicago, IL	$1,595	$2,150	$2,425	$2,300
Schaumburg, IL	N/A	$2,034	$2,300	$2,300
Evanston, IL	$2,450	$2,250	$2,400	$2,550
Naperville, IL	N/A	$1,799	$2,399	$2,590

Top Neighborhoods Near Michigan

There are a total of 164 neighborhoods in or near Michigan. Some of these neighborhoods include Rogers Park, North Philadelphia East, and Edgewater. We've included the top 30 neighborhoods out of 164 total neighborhoods in or near Michigan in the following table.

The average rent for these 30 neighborhoods in or near Michigan is currently around $3,087 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only twenty-eight neighborhoods have a higher average rent than $3,087. Interestingly, the neighborhoods' average rent is higher than Michigan's average rent, which is only $1,400. Out of all the neighborhoods in or near Michigan, Terry Sanford has the most affordable average rent at $1,349 per month. Whereas, at $8,295 average rent per month, Little Italy is the most expensive neighborhood in or near Michigan. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,195	$1,400	$1,850	$1,650
North Philadelphia East, Philadelphia, PA	$1,300	$1,650	$1,750	$1,795
Edgewater, Chicago, IL	$1,500	$1,733	$2,588	$1,850
Uptown, Chicago, IL	$1,400	$1,785	$2,875	$2,000
Ravenswood, Chicago, IL	$1,480	$1,950	$2,450	$2,023
Logan Square, Chicago, IL	$1,595	$2,095	$2,595	$2,295
Lakeview, Chicago, IL	$1,595	$2,150	$3,100	$2,565
Near North Side, Chicago, IL	$1,900	$2,550	$4,000	$2,800
Bedford-Stuyvesant, New York, NY	$3,250	$3,394	$3,790	$3,600
Crown Heights, New York, NY	$3,235	$3,508	$4,216	$3,697
Bushwick, New York, NY	$3,099	$3,483	$3,833	$3,863
Harlem, New York, NY	$3,000	$3,400	$3,855	$3,995
East Harlem, New York, NY	$3,300	$3,529	$3,895	$4,200
Downtown Brooklyn, New York, NY	$3,655	$4,426	$6,401	$4,565
Long Island City, New York, NY	$3,644	$4,607	$6,506	$4,595
Greenpoint, New York, NY	$3,645	$4,503	$6,877	$4,743
Murray Hill, New York, NY	$3,925	$4,953	$7,875	$4,800
Upper East Side, New York, NY	$3,275	$4,473	$6,585	$4,800
Hell's Kitchen, New York, NY	$3,675	$4,400	$6,495	$4,855
Upper West Side, New York, NY	$3,500	$4,750	$6,750	$4,990
Williamsburg, New York, NY	$4,000	$4,684	$5,550	$5,000
Financial District, New York, NY	$4,103	$5,313	$7,195	$5,200
Midtown, New York, NY	$4,000	$5,050	$7,402	$5,400
Midtown East, New York, NY	$3,900	$5,100	$7,245	$5,451
Kips Bay, New York, NY	$4,090	$4,700	$6,494	$5,470
Hudson Yards, New York, NY	$4,225	$5,625	$8,345	$5,650
Greenwich Village, New York, NY	$4,600	$6,080	$8,490	$5,650
West Village, New York, NY	$4,500	$5,800	$7,495	$5,995
East Village, New York, NY	$3,998	$4,295	$6,495	$5,995
Chelsea, New York, NY	$4,487	$6,007	$9,832	$6,035

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 $1,164. Vice versa, with an average rent of $5,490, Manhattan, New York, NY is the most expensive county by Michigan.

Typically, rent for studios in Michigan is 100.61% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Michigan is 73.75% more affordable than other counties nearby. Finally, rent for two bedrooms in Michigan is 57.67% 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	$823	$1,500	$975	$1,164
Detroit, MI	N/A	$800	$1,075	$1,292
Buffalo, NY	$1,000	$1,400	$1,375	$1,488
Pittsburgh, PA	$960	$1,350	$1,600	$1,695
Ann Arbor, MI	$1,290	$1,395	$2,038	$1,900
Chicago, IL	$1,595	$2,150	$2,425	$2,300
Naperville, IL	$1,650	$1,799	$2,350	$2,429
Evanston, IL	$2,450	$2,250	$2,400	$2,550
Montgomery, MD	$1,964	$2,100	$2,575	$3,000
Loudoun, VA	$1,250	$1,900	$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 $4,631.

Studios in these zipcodes have an average rent of $3,595. 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 $4,423 per month. Or in other words, $83 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,160 per month. Which comes out to $81 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	$3,925	$4,995	$7,345	$5,295
10019, New York, NY	$3,854	$4,650	$7,000	$4,995
10003, New York, NY	$4,325	$5,575	$6,700	$5,950
10009, New York, NY	$3,378	$4,495	$6,320	$6,120
60657, Chicago, IL	$1,627	$2,150	$3,125	$2,450
10025, New York, NY	$3,375	$4,350	$5,495	$4,600
10038, New York, NY	$3,995	$5,423	$7,180	$5,483
11201, New York, NY	$3,650	$4,500	$6,495	$4,800
11101, New York, NY	$3,703	$4,671	$6,510	$4,607
10036, New York, NY	$4,025	$5,098	$7,349	$5,495

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 $1,400. 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 $823 and an average price per square feet of $17.75. There are a total of 78 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 $1,000 and an average price per square feet of $21.25. There are a total of 318 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 $1,395 and an average price per square feet of $18.13. There are a total of 448 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 0.50%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by 0.47%, three bedroom rental prices have changed by 0.19% year-over-year.

What is a reasonable rent price in Michigan?

A reasonable rent price in Michigan is around $1,120/month. You can search for these reasonably priced rental listings on RentHop.