Detroit, MI Rental Market Trends
What is the average rent in Detroit?
The average rent for an apartment in Detroit is $1,202. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Detroit, MI
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,202 | 800 sq. ft. |
What is the average apartment size in Detroit?
The average size for a Detroit, MI apartment is 800 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Detroit, MI apartment rent ranges
Detroit, MI Occupied Housing Units
127,784 or 51% of the households in Detroit, MI are renter-occupied while 121,734 or 49% are owner-occupied.
Detroit, MI rent trends
Average Rent in Detroit, MI By Neighborhood
| City | Average Rent |
|---|---|
| Downtown Detroit | $1,616 |
| Butzel - Indian Village | $1,289 |
| Middle Woodward | $1,256 |
| Upper East Central | $1,154 |
| McNichols | $972 |
| Pembroke | $906 |
| Harmony Village | $876 |
| Cody | $861 |
| Redford | $802 |
| Vernor - Junction | $608 |
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What are the most affordable neighborhoods in Detroit?
The most affordable neighborhoods in Detroit are Vernor - Junction, where the average rent goes for $608/month, Redford, where renters pay $802/mo on average, and Cody, where the average rent goes for $861/mo. If you’re looking for other great deals, check out the listings from Harmony Village ($876), Pembroke ($906), and McNichols ($972), where the asking prices are below the average Detroit rent of $1,202/mo.
What are the most expensive neighborhoods in Detroit?
The most expensive neighborhoods in Detroit are Middle Woodward ($1,256), Butzel - Indian Village ($1,289) and Downtown Detroit ($1,616).
What are the most popular neighborhoods in Detroit?
The most popular neighborhood in Detroit is Butzel - Indian Village, where there are 2 listings with an average rent of $1,289. Next up is Downtown Detroit, where apartments go for $1,616/month, followed by Cody with $861 If you’re looking to rent in Detroit’s most popular neighborhoods, make sure to also check out Harmony Village, where renters pay $876 on average, and McNichols, where the average monthly rent is $972.
Detroit | Rent Comparison by Neighborhood
Rent in Butzel - Indian Village is 50% higher than in Cody
$1,289
Butzel - Indian Village rent is 7% higher than Detroit average
Average Rent
$1,289
$861
Cody rent is 28% lower than Detroit average
Average Rent
$861
How Detroit Compares to Other Cities
| State | Average Rent |
|---|---|
| Detroit | $1,202 |
| Ypsilanti | $1,437 |
| Davison | $1,058 |
| Edwardsburg | $925 |
| Farmington Hills | $1,382 |
| Fenton | $1,320 |
| Gibraltar | $1,115 |
| Grand Haven | $1,256 |
| Grand Rapids | $1,450 |
| Holland | $1,472 |
| Hudsonville | $1,409 |
What is the average price for a storage unit in Detroit?
The average rent for a non-climate-controlled 10'x10' storage unit in Detroit is $165.36. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
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