GoodHomes Detroit
5777 Southfield Fwy,
Detroit, MI 48228
Studio - 2 Beds | $995 - $1,630
Rental Market Trends in Detroit, MI
What is the average rent in Detroit, MI?
$1,086/month
Average Rent
665 Sq Ft
Average Apartment Size
+0.3%
Increase in the Last Year
As of December 2024, the average rent in Detroit, MI is $1,086 per month. This is 30% lower than the national average rent of $1,560/month, making renting in Detroit more affordable than most cities in the US. When you rent an apartment in Detroit, you can expect to pay about $1,019 per month for a studio, $1,086 for a one-bedroom apartment, and around $1,491 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,925 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 Detroit, MI?
In the past year, rent has increased by 0.3%, which averages out to $4 more 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 Detroit, MI
Last Updated December 2024
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
30%
Below $700/month
29%
$700 - $1,000/month
21%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Detroit?
Based on current rent prices, West Side Detroit, Jefferson and East Central are the most affordable neighborhoods in Detroit.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Detroit?
Based on current rent prices, Riverfront, Corktown and Brush Park are the most expensive neighborhoods in Detroit.
Neighborhood
Average Rent
Average Sq Ft
Which Detroit neighborhoods have the most rentals available?
The neighborhoods in Detroit with the most apartments available are Downtown Detroit, Midtown Detroit and City Center Detroit .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Detroit, MI?
Because the average rent in Detroit is $1,086, you’ll want to make about $3,620 per month or $43,440 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 Detroit, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Detroit, 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
$720/month
$899/month
One Bedroom
$720/month
$1,125/month
Two Bedroom
$891/month
$1,490/month
Three Bedroom
$966/month
$3,253/month
Nearby City Rent Trends
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34
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Bedrock
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Village Green
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175
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Princeton Management
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115
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19,514
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57
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Friedman Real Estate
-
42
Communities
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9,714
Units
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25
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8 Communities in Detroit
Peak Management
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24
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6,778
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16
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LR Management
-
60
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12,823
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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.