Saddle Creek Apartments
43398 Citation,
Novi, MI 48375
1-2 Beds | $1,365 - $1,842
Rental Market Trends in Novi, MI
What is the average rent in Novi, MI?
$1,327/month
Average Rent
787 Sq Ft
Average Apartment Size
+4.7%
Increase in the Last Year
As of December 2024, the average rent in Novi, MI is $1,327 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Novi rent prices are 15% lower than the national average. When you rent an apartment in Novi, you can expect to pay about per month for a studio, $1,327 for a one-bedroom apartment, and around $1,782 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,524 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 Novi, MI?
In the past year, rent has increased by 4.7%, which averages out to $63 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 Novi, MI
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
27%
$1,001 - $1,500/month
36%
$1,501 - $2,000/month
36%
Above $2,000/month
What salary do I need to live comfortably in Novi, MI?
Because the average rent in Novi is $1,327, you’ll want to make about $4,423 per month or $53,076 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 Novi, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Novi, 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.
Nearby City Rent Trends
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LR Management
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Burton Carol
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Jacobson Brothers
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M. Shapiro Development Company, LLC
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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.