Elevation
3595 Jolly Oak Rd,
Okemos, MI 48864
Studio - 3 Beds | $1,399 - 2,861
Rental Market Trends in Okemos, MI
What is the average rent in Okemos, MI?
$1,274/month
Average Rent
690 Sq Ft
Average Apartment Size
+8.6%
Increase in the Last Year
As of November 2024, the average rent in Okemos, MI is $1,274 per month. This is 18% lower than the national average rent of $1,559/month, making renting in Okemos more affordable than most cities in the US. When you rent an apartment in Okemos, you can expect to pay about $1,406 per month for a studio, $1,274 for a one-bedroom apartment, and around $1,513 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,928 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 Okemos, MI?
In the past year, rent has increased by 8.6%, which averages out to $110 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 November 2024
Legend
2023
2024
Rent Ranges in Okemos, MI
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
7%
$700 - $1,000/month
64%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Okemos?
Based on current rent prices, Meridian Township/Okemos is the most affordable neighborhood in Okemos.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Okemos?
Based on current rent prices, Meridian Township/Okemos is the most expensive neighborhood in Okemos.
Neighborhood
Average Rent
Average Sq Ft
Which Okemos neighborhoods have the most rentals available?
The neighborhood in Okemos with the most apartments available is Meridian Township/Okemos .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Okemos, MI?
Because the average rent in Okemos is $1,274, you’ll want to make about $4,246 per month or $50,952 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 Okemos, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Okemos, 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
$1,406/month
$1,406/month
One Bedroom
$1,169/month
$1,169/month
Two Bedroom
$1,374/month
$1,374/month
Three Bedroom
$1,918/month
$1,918/month
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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.