Average Rent in Michigan

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Current Versus Historical Michigan Rents

Michigan rentals average $2,120 for a studio rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $1,850, or roughly $2 per square feet.

For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $448 (74.42%) year-over-year from $602 to $1,050. 1-bedroom rentals prices have increased by $148 (14.39%) year-over-year from $1,025 to $1,173. 2-bedroom rentals prices have increased by $117 (9.46%) year-over-year from $1,233 to $1,350. 3-bedroom rentals prices have increased by $364 (25.41%) year-over-year from $1,433 to $1,798. 4-bedroom rentals prices have increased by $318 (12.96%) year-over-year from $2,457 to $2,775. 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 down by 5.90% this month. 1-bedroom rents have gone down by 13.01% this month. 2-bedroom rents have gone down by 9.62% this month. 3-bedroom rents have gone up by 11.30% this month. 4-bedroom rents have gone down by 3.20% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.88	$1,050	$602 (74.42%)	$1,138 (-7.69%)
1 BR	$1.88	$1,173	$1,025 (14.39%)	$963 (21.71%)
2 BR	$1.63	$1,350	$1,233 (9.46%)	$1,157 (16.71%)
3 BR	$1.45	$1,798	$1,433 (25.41%)	$1,383 (29.94%)
4+ BR	$1.35	$2,775	$2,457 (12.96%)	$2,348 (18.17%)

Historical Rents in Michigan

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Michigan

There are a total of 47 cities nearby Michigan. The average rent in Michigan is currently $2,425 per month. A total of 12 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 43.40% more expensive than other cities nearby. One bedrooms are about 78.52% more affordable. Two bedrooms in Michigan are about 32.14% more affordable. Finally, rent for three bedrooms are about 34.02% more affordable. Want more information? Check out the top 10 cities out of 47 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	$1,075	$1,250	$1,363
Buffalo, NY	$950	$1,200	$1,700	$1,600
Pittsburgh, PA	$1,465	$1,340	$1,695	$1,773
Chicago, IL	$1,350	$1,848	$2,200	$2,100
Wheaton, IL	N/A	$1,899	$2,405	$2,249
Schaumburg, IL	N/A	$2,058	$2,606	$2,300
Aurora, IL	N/A	$1,635	$2,200	$2,425
Evanston, IL	$1,525	$2,100	$2,997	$2,750
Naperville, IL	N/A	N/A	$2,395	$2,750

Top Neighborhoods Near Michigan

There are a total of 87 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 87 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 18 neighborhoods have a lower average rent. Meaning, only twelve neighborhoods have a higher average rent than $3,200. Interestingly, the neighborhoods' average rent is higher than Michigan's average rent, which is only $1,850. Out of all the neighborhoods in or near Michigan, Terry Sanford has the most affordable average rent at $1,198 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	$1,200	$1,550	$1,898	$1,725
Logan Square, Chicago, IL	$1,295	$2,123	$2,300	$2,250
Lakeview, Chicago, IL	$1,440	$1,945	$2,695	$2,299
Near North Side, Chicago, IL	$1,765	$2,400	$4,175	$2,800
Flatbush, New York, NY	$2,618	$2,785	$3,050	$2,958
Bedford-Stuyvesant, New York, NY	$2,467	$2,895	$3,200	$3,200
East Harlem, New York, NY	$3,200	$2,873	$3,173	$3,200
Harlem, New York, NY	$2,673	$2,848	$3,195	$3,275
Bushwick, New York, NY	$2,795	$3,172	$3,300	$3,300
West Harlem, New York, NY	$2,575	$2,750	$3,450	$3,600
Long Island City, New York, NY	$3,300	$3,900	$5,800	$4,001
Murray Hill, New York, NY	$3,475	$4,377	$6,563	$4,050
Upper East Side, New York, NY	$3,395	$4,150	$5,450	$4,078
Little Italy, New York, NY	$3,500	$4,000	$5,395	$4,200
Hell's Kitchen, New York, NY	$3,500	$4,024	$6,032	$4,240
Prospect Heights, New York, NY	$3,635	$4,390	$5,795	$4,300
Kips Bay, New York, NY	$3,850	$3,995	$5,475	$4,420
Financial District, New York, NY	$3,500	$4,651	$6,385	$4,441
Upper West Side, New York, NY	$3,329	$4,500	$6,750	$4,561
East Village, New York, NY	$3,150	$3,795	$5,101	$4,650
Hudson Yards, New York, NY	$3,615	$4,652	$6,973	$4,681
Williamsburg, New York, NY	$3,827	$4,723	$5,900	$5,000
Midtown East, New York, NY	$3,495	$4,600	$6,300	$5,150
Midtown, New York, NY	$3,675	$4,500	$6,950	$5,217
Chelsea, New York, NY	$4,205	$5,482	$8,009	$5,295
Lower East Side, New York, NY	$3,749	$3,995	$5,495	$5,299
West Village, New York, NY	$4,495	$5,400	$6,650	$5,300
Greenwich Village, New York, NY	$4,200	$5,700	$5,500	$5,650
NoMad, New York, NY	$4,444	$5,768	$8,822	$5,683
Gramercy Park, New York, NY	$3,650	$5,568	$5,728	$5,700

Top Counties Near Michigan

There are a total of 87 counties located by Michigan. Some of these counties include Scranton, PA, Buffalo, NY, and Allentown, PA. The average rent for rentals in these counties is $2,698. That's roughly around $2 per sqft. A total of 10 counties have a lower average rent. The county that is the most affordable is Scranton, PA. It's average rent per month is $1,363. Vice versa, with an average rent of $38,000, Southampton, NY is the most expensive county by Michigan.

Typically, rent for studios in Michigan is 31.25% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Michigan is 102.19% more affordable than other counties nearby. Finally, rent for two bedrooms in Michigan is 46.32% 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	$1,075	$1,250	$1,363
Buffalo, NY	$950	$1,200	$1,700	$1,600
Allentown, PA	$885	$1,095	$1,563	$1,600
Pittsburgh, PA	$1,465	$1,340	$1,695	$1,773
Chicago, IL	$1,350	$1,848	$2,200	$2,100
9, MD	$1,400	$1,867	$2,275	$2,700
Evanston, IL	$1,525	$2,100	$2,997	$2,750
Sully, VA	N/A	$2,057	$2,604	$2,900
Dulles, VA	N/A	N/A	$3,000	$3,400
7, MD	$2,134	$2,661	$3,871	$3,706

Top Zipcodes Near Michigan

There are a total of 28 zipcodes in or near Michigan. The average rent for all of these zipcodes is $2,216. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19144, Philadelphia, PA at $1,541 per month. In comparison, the zipcode with the most expensive average rent of $4,721 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $588. That's at least $1 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Michigan is $1,571 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,113 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	$4,170	$5,464	$4,000
10023, New York, NY	$3,412	$5,070	$8,215	$4,721
19104, Philadelphia, PA	$1,184	$2,240	$1,650	$1,720
60618, Chicago, IL	$1,600	$1,750	$2,210	$2,395
60615, Chicago, IL	$1,250	$1,525	$2,125	$2,263
22201, Arlington, VA	$2,073	$2,516	$3,750	$2,600
11375, New York, NY	$2,665	$2,600	$3,500	$2,995
28208, Charlotte, NC	N/A	$1,392	$1,838	$1,988
10035, New York, NY	$2,531	$2,750	$3,000	$2,967
27519, Cary, NC	N/A	$1,461	$2,100	$2,300

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 $1,850. 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 4 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 $1.88. There are a total of 104 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 $1,813 and an average price per square feet of $1.63. There are a total of 168 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 0.74%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by 0.25% year-over-year.

What is a reasonable rent price in Michigan?

A reasonable rent price in Michigan is around $1,480/month. You can search for these reasonably priced rental listings on RentHop.