Average Rent in Detroit, MI

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Current Versus Historical Detroit, MI Rents

Detroit rentals average $0 for a studio rental to $1,705 for a 4-bedroom rental. The median price of all currently available listings is $1,250, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $93 (5.31%) year-over-year from $1,750 to $1,843. 1-bedroom rentals prices have increased by $1,139 (111.67%) year-over-year from $1,020 to $2,159. 2-bedroom rentals prices have increased by $133 (12.44%) year-over-year from $1,065 to $1,198. 3-bedroom rentals prices have increased by $67 (5.41%) year-over-year from $1,233 to $1,300. 4-bedroom rentals prices have increased by $117 (7.61%) year-over-year from $1,533 to $1,650. 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 28.81% this month. 1-bedroom rents have gone up by 16.87% this month. 2-bedroom rents have gone up by 0.56% this month. 3-bedroom rents have gone up by 0.65% this month. 4-bedroom rents have gone up by 7.03% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.67	$2,159	$1,020 (111.67%)	$1,283 (68.30%)
2 BR	$1.27	$1,198	$1,065 (12.44%)	$1,008 (18.76%)
3 BR	$1.21	$1,300	$1,233 (5.41%)	$1,008 (28.93%)
4+ BR	$0.99	$1,650	$1,533 (7.61%)	$1,198 (37.69%)

Historical Rents in Detroit, MI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Detroit

Let's compare Detroit, MI's rent against other top cities nearby by bedroom size.

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Detroit

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Detroit

The average rent for rentals in these counties is $1,250. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Detroit, MI. It's average rent per month is $1,250. Vice versa, with an average rent of $1,250, Detroit, MI is the most expensive county by Detroit, MI.

In comparison, rent for one bedroom listings in Detroit, MI is on par with the other counties nearby. Finally, rent for two bedrooms in Detroit, MI is on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Detroit, MI	N/A	$1,100	$1,125	$1,250

Top Zipcodes Near Detroit

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Detroit Average Rents

What is the average rent price in Detroit, MI?

The average monthly rental price for Detroit, MI apartments for rent is approximately $1,250. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Detroit, MI 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 Detroit, MI.

How much is a studio apartment in Detroit, MI?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in Detroit.

How much is a one bedroom apartment in Detroit, MI?

The average monthly rental price for one bedroom apartments is $1,100 and an average price per square feet of $1.67. There are a total of 13 one bedroom apartment listings currently available for rent in Detroit.

How much is a two bedroom apartment in Detroit, MI?

The average monthly rental price for two bedroom apartments is $1,125 and an average price per square feet of $1.27. There are a total of 28 two bedroom apartment listings currently available for rent in Detroit.

How have rent prices in Detroit, MI changed this year?

Rent prices for rentals in Detroit, MI can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 1.12%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in Detroit, MI?

A reasonable rent price in Detroit, MI is around $1,000/month. You can search for these reasonably priced rental listings on RentHop.