Stone Ridge Of Shelby
2939 Alabaster,
Shelby Township, MI 48317
1-2 Beds | $1,506 - $2,154
Rental Market Trends in Shelby Township, MI
What is the average rent in Shelby Township, MI?
$1,059/month
Average Rent
787 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of December 2024, the average rent in Shelby Township, MI is $1,059 per month. This is 32% lower than the national average rent of $1,560/month, making renting in Shelby Township more affordable than most cities in the US. When you rent an apartment in Shelby Township, you can expect to pay about $816 per month for a studio, $1,059 for a one-bedroom apartment, and around $1,508 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,844 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 Shelby Township, MI?
In the past year, rent has increased by 0.9%, which averages out to $10 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 Shelby Township, MI
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
35%
$1,001 - $1,500/month
39%
$1,501 - $2,000/month
13%
Above $2,000/month
What salary do I need to live comfortably in Shelby Township, MI?
Because the average rent in Shelby Township is $1,059, you’ll want to make about $3,530 per month or $42,360 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 Shelby Township, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Shelby Township, 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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Princeton Management
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115
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57
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KMG Prestige
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50
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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.