Saddle Creek Apartments
43398 Citation,
Novi, MI 48375
1-2 Beds | $1,360 - $1,802
Rental Market Trends in Novi, MI
What is the average rent in Novi, MI?
$1,344/month
Average Rent
787 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of February 2025, the average rent in Novi, MI is $1,344 per month. For comparison, the national average rent price in the US is currently $1,556/month, which means Novi rent prices are 14% lower than the national average. When you rent an apartment in Novi, you can expect to pay about per month for a studio, $1,344 for a one-bedroom apartment, and around $1,781 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,542 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 2.1%, which averages out to $29 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 February 2025
Legend
2024
2025
Rent Ranges in Novi, MI
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
32%
$1,001 - $1,500/month
32%
$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 $1,344, you’ll want to make about $4,480 per month or $53,760 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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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.