Fairlane Meadow Apartments and Townhomes
4900 Heather Dr,
Dearborn, MI 48126
1-2 Beds | $1,100 - $1,764
Rental Market Trends in Dearborn, MI
What is the average rent in Dearborn, MI?
$1,213/month
Average Rent
742 Sq Ft
Average Apartment Size
-5.5%
Decrease in the Last Year
As of December 2024, the average rent in Dearborn, MI is $1,213 per month. This is 22% lower than the national average rent of $1,560/month, making renting in Dearborn more affordable than most cities in the US. When you rent an apartment in Dearborn, you can expect to pay about $750 per month for a studio, $1,213 for a one-bedroom apartment, and around $1,590 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,176 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Dearborn, MI?
In the past year, rent has decreased by 5.5%, which averages out to $66 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Dearborn, MI
Last Updated December 2024
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
32%
Below $700/month
27%
$700 - $1,000/month
18%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Dearborn?
Based on current rent prices, Downtown Dearborn and Henry Ford/Fairlane Town Center" are the most affordable neighborhoods in Dearborn.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Dearborn?
Based on current rent prices, Henry Ford/Fairlane Town Center and Downtown Dearborn" are the most expensive neighborhoods in Dearborn.
Neighborhood
Average Rent
Average Sq Ft
Which Dearborn neighborhoods have the most rentals available?
The neighborhoods in Dearborn with the most apartments available are Henry Ford/Fairlane Town Center and Downtown Dearborn" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Dearborn, MI?
Because the average rent in Dearborn is $1,213, you’ll want to make about $4,043 per month or $48,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Dearborn, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Dearborn, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$726/month
$1,049/month
One Bedroom
$767/month
$1,328/month
Two Bedroom
$993/month
$1,718/month
Three Bedroom
-
$2,176/month
Nearby City Rent Trends
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LR Management
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60
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Beacon Property Management
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38
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MHT Housing Inc.
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34
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4,085
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Monarch Investment and Management Group
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305
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Village Green
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177
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39,697
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103
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1 Community in Dearborn
BEZTAK Properties
-
112
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25,670
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62
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1 Community in Dearborn
Princeton Management
-
115
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19,514
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57
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1 Community in Dearborn
KMG Prestige
-
50
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5,396
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.