Average Rent in Michigan

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Current Versus Historical Michigan Rents

Michigan rentals average $1,850 for a studio rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $1,950, or roughly $2 per square feet.

For the apartment units and housing in January 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $430 (46.74%) year-over-year from $920 to $1,350. 1-bedroom rentals prices have increased by $492 (48.76%) year-over-year from $1,008 to $1,500. 2-bedroom rentals prices have increased by $518 (42.08%) year-over-year from $1,232 to $1,750. 3-bedroom rentals prices have increased by $367 (25.58%) year-over-year from $1,433 to $1,800. 4-bedroom rentals prices have increased by $277 (10.75%) year-over-year from $2,573 to $2,850. 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 12.03% this month. 1-bedroom rents have gone up by 4.77% this month. 2-bedroom rents have gone up by 4.08% this month. 3-bedroom rents have gone up by 6.93% this month. 4-bedroom rents have gone down by 2.29% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.04	$1,350	$920 (46.74%)	$1,081 (24.90%)
1 BR	$1.87	$1,500	$1,008 (48.76%)	$947 (58.45%)
2 BR	$1.63	$1,750	$1,232 (42.08%)	$1,132 (54.64%)
3 BR	$1.41	$1,800	$1,433 (25.58%)	$1,373 (31.07%)
4+ BR	$1.35	$2,850	$2,573 (10.75%)	$2,383 (19.58%)

Historical Rents in Michigan

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Michigan

There are a total of 44 cities nearby Michigan. The average rent in Michigan is currently $2,430 per month. A total of 14 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 $24,000 per month.

Let's compare Michigan's rent against other top cities nearby by bedroom size. Typically, rent for studios in Michigan is 37.50% more expensive than other cities nearby. One bedrooms are about 20.76% more affordable. Two bedrooms in Michigan are about 24.38% more affordable. Finally, rent for three bedrooms are about 52.64% more affordable. Want more information? Check out the top 10 cities out of 44 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	$1,350
Allentown, PA	$923	$1,113	$1,550	$1,563
Buffalo, NY	$1,150	$1,250	$1,700	$1,650
Pittsburgh, PA	$1,183	$1,355	$1,705	$1,750
Chicago, IL	$1,368	$1,850	$2,200	$2,150
Schaumburg, IL	N/A	$2,047	$2,377	$2,200
Aurora, IL	N/A	$1,475	$2,148	$2,400
Evanston, IL	N/A	$2,250	$3,104	$2,848
Naperville, IL	N/A	N/A	$2,225	$2,900

Top Neighborhoods Near Michigan

There are a total of 89 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 89 total neighborhoods in or near Michigan in the following chart.

The average rent for these 30 neighborhoods in or near Michigan is currently around $3,300 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only seventeen neighborhoods have a higher average rent than $3,300. Interestingly, the neighborhoods' average rent is higher than Michigan's average rent, which is only $1,950. Out of all the neighborhoods in or near Michigan, Terry Sanford has the most affordable average rent at $1,195 per month. Whereas, at $9,925 average rent per month, SoHo 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	$1,538	$1,875	$1,675
Logan Square, Chicago, IL	$1,598	$2,450	$2,300	$2,343
Lakeview, Chicago, IL	$1,550	$1,997	$2,700	$2,395
Near North Side, Chicago, IL	$1,799	$2,450	$3,779	$2,973
Flatbush, New York, NY	$2,634	$2,750	$3,200	$2,985
Bedford-Stuyvesant, New York, NY	$2,500	$2,995	$3,075	$3,150
East Harlem, New York, NY	$2,715	$2,857	$3,000	$3,200
Harlem, New York, NY	$2,595	$2,822	$3,250	$3,300
Bushwick, New York, NY	$2,795	$3,222	$3,425	$3,400
West Harlem, New York, NY	$2,400	$2,795	$3,450	$3,484
Long Island City, New York, NY	$3,300	$3,824	$5,680	$4,008
Murray Hill, New York, NY	$3,365	$4,300	$6,650	$4,010
Upper East Side, New York, NY	$3,350	$4,170	$5,895	$4,195
Little Italy, New York, NY	$3,250	$4,250	$5,430	$4,250
Financial District, New York, NY	$3,525	$4,600	$6,400	$4,300
Prospect Heights, New York, NY	$3,585	$4,395	$5,238	$4,350
Hell's Kitchen, New York, NY	$3,474	$4,000	$5,858	$4,354
Kips Bay, New York, NY	$3,645	$3,995	$5,448	$4,495
East Village, New York, NY	$2,714	$3,695	$4,495	$4,495
Lower East Side, New York, NY	$3,413	$3,550	$4,595	$4,625
Upper West Side, New York, NY	$3,031	$4,491	$6,985	$4,650
Hudson Yards, New York, NY	$3,495	$4,558	$6,710	$4,800
Williamsburg, New York, NY	$3,722	$4,600	$5,400	$4,803
Midtown East, New York, NY	$3,400	$4,500	$6,100	$4,950
Midtown, New York, NY	$3,675	$4,466	$7,395	$5,000
Chelsea, New York, NY	$3,895	$5,495	$7,600	$5,256
West Village, New York, NY	$4,642	$5,495	$8,750	$5,350
Greenwich Village, New York, NY	$4,000	$5,700	$7,050	$5,600
Gramercy Park, New York, NY	$3,738	$5,500	$5,890	$5,600
NoMad, New York, NY	$4,444	$5,662	$8,738	$5,767

Top Counties Near Michigan

There are a total of 89 counties located by Michigan. Some of these counties include Scranton, PA, Allentown, PA, and Buffalo, NY. The average rent for rentals in these counties is $2,528. That's roughly around $3 per sqft. A total of 12 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 $1,350. 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 25.88% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Michigan is 38.99% more affordable than other counties nearby. Finally, rent for two bedrooms in Michigan is 35.47% 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	$1,350
Allentown, PA	$923	$1,113	$1,550	$1,563
Buffalo, NY	$1,150	$1,250	$1,700	$1,650
Pittsburgh, PA	$1,183	$1,355	$1,705	$1,750
Baltimore, MD	$1,375	$1,250	$1,700	$1,790
Chicago, IL	$1,368	$1,850	$2,200	$2,150
Washington, DC	$2,018	$2,350	$3,295	$2,700
Arlington, VA	$2,118	$2,552	$3,300	$2,750
Evanston, IL	N/A	$2,250	$3,104	$2,848
7, MD	$2,199	$2,801	$3,917	$3,908

Top Zipcodes Near Michigan

There are a total of 22 zipcodes in or near Michigan. The average rent for all of these zipcodes is $2,400. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 27606, Wake County, NC at $1,525 per month. In comparison, the zipcode with the most expensive average rent of $5,100 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 $1,800 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,199 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	$4,200	$5,410	$3,995
10023, New York, NY	$3,000	$5,000	$8,008	$5,100
19104, Philadelphia, PA	$1,195	$2,223	$1,800	$1,950
60618, Chicago, IL	$1,795	$1,995	$2,100	$2,400
60615, Chicago, IL	$1,175	$1,800	$1,850	$2,000
22201, Arlington, VA	$2,134	$2,552	$3,407	$2,613
11375, New York, NY	$2,730	$3,245	$3,675	$3,348
28208, Charlotte, NC	N/A	$1,147	$1,920	$1,975
10035, New York, NY	$2,299	$2,822	$3,048	$2,977
27519, Cary, NC	N/A	$1,526	$2,248	$2,275

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 $1,950. 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 $1,850 and an average price per square feet of $3.04. There are a total of 7 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 $1,385 and an average price per square feet of $1.87. There are a total of 71 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 $1,850 and an average price per square feet of $1.63. 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 0.47%, one bedroom rental prices have changed by 0.49%, two bedroom rental prices have changed by 0.42%, and three bedroom rental prices have changed by 0.26% year-over-year.

What is a reasonable rent price in Michigan?

A reasonable rent price in Michigan is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.