Riverside Place Apartments
411 N Chipman St,
Owosso, MI 48867
1-3 Beds | $775 - 1,200
Rental Market Trends in Owosso, MI
What is the average rent in Owosso, MI?
$720/month
Average Rent
733 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of November 2024, the average rent in Owosso, MI is $720 per month. This is 54% lower than the national average rent of $1,559/month, making renting in Owosso more affordable than most cities in the US. When you rent an apartment in Owosso, you can expect to pay about $678 per month for a studio, $720 for a one-bedroom apartment, and around $944 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay 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 Owosso, MI?
In the past year, rent has increased by 2.4%, which averages out to $17 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 Owosso, MI
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
33%
Below $700/month
50%
$700 - $1,000/month
17%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Owosso, MI?
Because the average rent in Owosso is $720, you’ll want to make about $2,400 per month or $28,800 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 Owosso, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Owosso, 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.
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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.