Average Rent in Michigan

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Current Versus Historical Michigan Rents

Michigan rentals average $2,120 for a studio rental to $3,000 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.

For the apartment units and housing in March 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $622 (97.16%) year-over-year from $640 to $1,263. 1-bedroom rentals prices have increased by $442 (42.74%) year-over-year from $1,033 to $1,475. 2-bedroom rentals prices have increased by $383 (31.51%) year-over-year from $1,217 to $1,600. 3-bedroom rentals prices have increased by $310 (21.16%) year-over-year from $1,465 to $1,775. 4-bedroom rentals prices have increased by $423 (17.49%) year-over-year from $2,415 to $2,838. 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 4.84% this month. 1-bedroom rents have gone down by 2.25% this month. 2-bedroom rents have gone up by 2.24% this month. 3-bedroom rents have gone up by 6.29% this month. 4-bedroom rents have gone up by 4.61% this month.

Beds	Price / Sqft	Mar 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.88	$1,263	$640 (97.16%)	$1,000 (26.25%)
1 BR	$1.86	$1,475	$1,033 (42.74%)	$992 (48.74%)
2 BR	$1.59	$1,600	$1,217 (31.51%)	$1,158 (38.13%)
3 BR	$1.42	$1,775	$1,465 (21.16%)	$1,383 (28.31%)
4+ BR	$1.35	$2,838	$2,415 (17.49%)	$2,198 (29.08%)

Historical Rents in Michigan

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Michigan

There are a total of 42 cities nearby Michigan. The average rent in Michigan is currently $2,671 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near Michigan is Hampton Bays, NY. Monthly rents here are on average $25,000 per month.

Let's compare Michigan's rent against other top cities nearby by bedroom size. Typically, rent for studios in Michigan is 41.75% more expensive than other cities nearby. One bedrooms are about 90.63% more affordable. Two bedrooms in Michigan are about 45.13% more affordable. Finally, rent for three bedrooms are about 48.86% more affordable. Want more information? Check out the top 10 cities out of 42 total cities near Michigan in the following chart.

City	Studio	1 Bed	2 Bed	All
Toledo, OH	N/A	$660	$800	$825
Scranton, PA	N/A	$1,050	$1,200	$1,350
Allentown, PA	$973	$1,148	$1,525	$1,650
Bethlehem, PA	$2,000	$1,313	$1,900	$1,975
Chicago, IL	$1,350	$1,825	$2,200	$2,100
Schaumburg, IL	N/A	$2,143	$2,627	$2,224
Naperville, IL	N/A	$1,742	$2,299	$2,550
Aurora, IL	N/A	$1,400	$2,350	$2,625
Evanston, IL	$1,450	$2,340	$2,798	$2,795
Bethesda, MD	$2,266	$2,669	$3,946	$3,407

Top Neighborhoods Near Michigan

There are a total of 88 neighborhoods in or near Michigan. Some of these neighborhoods include Rogers Park, Logan Square, and Lakeview. We've included the top 30 neighborhoods out of 88 total neighborhoods in or near Michigan in the following chart.

The average rent for these 30 neighborhoods in or near Michigan is currently around $3,200 per month. A total of 14 neighborhoods have a lower average rent. Meaning, only sixteen neighborhoods have a higher average rent than $3,200. Interestingly, the neighborhoods' average rent is higher than Michigan's average rent, which is only $1,800. Out of all the neighborhoods in or near Michigan, Terry Sanford has the most affordable average rent at $1,150 per month. Whereas, at $8,500 average rent per month, Ocean Beach is the most expensive neighborhood in or near Michigan. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,186	$1,523	$1,895	$1,675
Logan Square, Chicago, IL	$1,250	$2,000	$2,250	$2,123
Lakeview, Chicago, IL	$1,498	$2,048	$2,650	$2,395
Near North Side, Chicago, IL	$1,800	$2,500	$3,995	$2,899
Flatbush, New York, NY	$2,600	$2,800	$3,350	$3,050
Bedford-Stuyvesant, New York, NY	$2,700	$2,775	$3,125	$3,105
East Harlem, New York, NY	$2,800	$3,149	$3,295	$3,300
Bushwick, New York, NY	$2,773	$3,153	$3,250	$3,400
Harlem, New York, NY	$2,695	$2,995	$3,348	$3,400
West Harlem, New York, NY	$2,500	$2,895	$3,650	$3,800
Murray Hill, New York, NY	$3,525	$4,250	$5,950	$4,031
Prospect Heights, New York, NY	$3,650	$4,098	$5,571	$4,057
Upper East Side, New York, NY	$3,350	$4,350	$5,000	$4,070
Long Island City, New York, NY	$3,389	$3,938	$5,870	$4,198
Little Italy, New York, NY	$3,750	$4,525	$5,750	$4,200
Financial District, New York, NY	$3,643	$4,750	$6,474	$4,275
Kips Bay, New York, NY	$3,852	$3,995	$5,480	$4,383
Hell's Kitchen, New York, NY	$3,500	$4,142	$6,000	$4,430
Midtown East, New York, NY	$3,500	$4,600	$6,075	$4,600
Upper West Side, New York, NY	$3,295	$4,651	$6,930	$4,651
Hudson Yards, New York, NY	$3,690	$4,756	$6,995	$4,795
Chelsea, New York, NY	$4,025	$5,499	$7,920	$4,936
Midtown, New York, NY	$3,689	$4,385	$6,695	$4,997
Williamsburg, New York, NY	$3,741	$4,768	$5,250	$5,142
East Village, New York, NY	$2,795	$3,995	$5,495	$5,195
Lower East Side, New York, NY	$3,975	$4,850	$5,395	$5,300
West Village, New York, NY	$4,195	$5,300	$6,750	$5,300
Greenwich Village, New York, NY	$4,200	$5,550	$5,230	$5,400
NoMad, New York, NY	$4,464	$5,700	$8,294	$5,957
Gramercy Park, New York, NY	$4,095	$4,885	$6,188	$6,014

Top Counties Near Michigan

There are a total of 88 counties located by Michigan. Some of these counties include Scranton, PA, Allentown, PA, and Baltimore, MD. The average rent for rentals in these counties is $2,704. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Cross Creek, Fayetteville, NC. It's average rent per month is $1,250. Vice versa, with an average rent of $36,000, Southampton, NY is the most expensive county by Michigan.

Typically, rent for studios in Michigan is 37.50% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Michigan is 134.04% more affordable than other counties nearby. Finally, rent for two bedrooms in Michigan is 56.13% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Scranton, PA	N/A	$1,050	$1,200	$1,350
Allentown, PA	$973	$1,148	$1,525	$1,650
Baltimore, MD	$900	$1,300	$1,700	$1,700
Chicago, IL	$1,350	$1,825	$2,200	$2,100
9, MD	$1,643	$1,850	$2,125	$2,703
Evanston, IL	$1,450	$2,340	$2,798	$2,795
Providence, VA	N/A	$2,075	$2,745	$2,875
Sully, VA	N/A	$2,022	$2,600	$2,989
Dulles, VA	N/A	$2,300	$2,850	$3,375
7, MD	$2,228	$2,669	$3,951	$3,751

Top Zipcodes Near Michigan

There are a total of 27 zipcodes in or near Michigan. The average rent for all of these zipcodes is $2,200. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19131, Philadelphia, PA at $1,400 per month. In comparison, the zipcode with the most expensive average rent of $4,626 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $1,213. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Michigan is $1,599 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,038 per month. Which comes out to $2 per sqft. The following chart 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
10128, New York, NY	$3,350	$4,325	$5,750	$3,975
10023, New York, NY	$3,440	$4,901	$8,900	$4,626
19104, Philadelphia, PA	$1,265	$1,878	$1,840	$1,850
60618, Chicago, IL	$1,575	$1,625	$2,043	$2,173
60615, Chicago, IL	$1,260	$1,599	$2,038	$2,225
22201, Arlington, VA	$1,860	$2,570	$3,672	$2,657
11375, New York, NY	$2,225	$3,240	$3,730	$3,300
28208, Charlotte, NC	N/A	$1,162	$1,750	$1,800
10035, New York, NY	$2,478	$2,753	$3,395	$3,000
27519, Cary, NC	N/A	$1,527	$1,995	$2,200

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 $1,800. 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 $2,120 and an average price per square feet of $4.88. There are a total of 5 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 $950 and an average price per square feet of $1.86. There are a total of 102 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 $1,775 and an average price per square feet of $1.59. There are a total of 146 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 0.97%, one bedroom rental prices have changed by 0.43%, two bedroom rental prices have changed by 0.32%, and three bedroom rental prices have changed by 0.21% year-over-year.

What is a reasonable rent price in Michigan?

A reasonable rent price in Michigan is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.