Average Rent In Michigan For January 2024
Average Rent
What is the average rent in Michigan?
The average rent in Michigan for January 2024 is $1,096, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Michigan is $1,130. The average rent of a 1-bedroom apartment in Michigan is $880.
Compared to the national average of $1,379, Michigan rent costs -20.5% less. Read our analysis of rents by state to see how Michigan ranks.
Here's a look at how average rents have changed over time:
How Does Michigan Rent Compare To The Rest Of The Country?
| Statistic | MI | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,096 | $1,379 | -20.5% |
| M-o-M Change | -$9 | -$11 | -18.2% |
| Y-o-Y Change | $22 | -$14 | -257.1% |
| M-o-M % Change | -0.8% | -0.8% | - |
| Y-o-Y % Change | 2.0% | -1.0% | - |
Median Rent By Bedrooms In Michigan
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Michigan increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Michigan clocking in at $880, while a 2-bedroom rental will set you back $1,130 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $565/room/month.
Read on to find out more or for more on Michigan check out:
- Best Places To Live In Michigan
- Cheapest Places To Live In Michigan
- Most Dangerous Places in Michigan
Month Over Month Michigan Rent Statistics
M-o-M Increase
M-o-M Increase
Michigan has experienced a -$9 change in rent over the past month going from $1,105 to $1,096. That change comes out to -0.8%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Michigan:
Year Over Year Michigan Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Michigan changed $22 from $1,074 to $1,096. A change of $22 means that rents changed 2.0% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Michigan:
The 10 Places With The Highest Rent In Michigan
Population: 6,347
Median Rent: $1,850
More on Huntington Woods: Data | Crime | Cost Of Living | Real Estate
Population: 9,238
Median Rent: $1,702
More on Grosse Pointe Farms: Data | Crime | Cost Of Living | Real Estate
Population: 11,493
Median Rent: $1,593
More on East Grand Rapids: Data | Crime | Cost Of Living | Real Estate
Population: 15,678
Median Rent: $1,529
More on Grosse Pointe Woods: Data | Crime | Cost Of Living | Real Estate
Population: 20,836
Median Rent: $1,512
More on Birmingham: Data | Crime | Cost Of Living | Real Estate
Population: 10,424
Median Rent: $1,415
More on Beverly Hills: Data | Crime | Cost Of Living | Real Estate
Population: 58,835
Median Rent: $1,312
More on Novi: Data | Crime | Cost Of Living | Real Estate
Population: 73,458
Median Rent: $1,282
More on Rochester Hills: Data | Crime | Cost Of Living | Real Estate
Population: 5,241
Median Rent: $1,248
More on Grosse Pointe: Data | Crime | Cost Of Living | Real Estate
Population: 119,303
Median Rent: $1,247
More on Ann Arbor: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Michigan
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.