Rental market snapshot for Detroit, Michigan

Detroit, Michigan Rental Property Market Overview

Detroit, Michigan is a vibrant city with a population of 632,464 as of 2021, according to the US Census. It is a major cultural and economic hub in the Midwest, home to a diverse range of people, businesses, and attractions. The city is known for its rich history, its strong music and art scenes, and its many parks and green spaces. Detroit is also home to some of the nation's top universities and medical centers, making it a great place to live, work, and play.

The average rent for an apartment in Detroit is $1,292. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 2.2% over the past year.

Last Updated April 22, 2023

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Average monthly rent graph in Detroit Michigan | Cost of Living

  • The most expensive ZIP code in Detroit is 48226 with an average price of $1,940
  • The cheapest ZIP code in Detroit is 48204 with an average price of $650

Detroit ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent

Live near Detroit, Michigan's Top Sights and Attractions

Kern is a large outdoor sculpture located in Detroit, Michigan. It is made up of two large steel beams that are curved and twisted together to form a unique and eye-catching shape. The sculpture is illuminated at night, creating a beautiful display of light and shadows. It is a popular spot for visitors to take pictures and admire the artwork.

Peterson is an outdoor sculpture garden located in the heart of Detroit. It features over 30 sculptures created by local, national, and international artists. The sculptures range from abstract to figurative and are made from a variety of materials such as steel, bronze, and stone. The garden is a popular spot for visitors to take in the beauty of the artwork while enjoying a peaceful stroll.

Intervale Roselawn is a beautiful park located in the heart of the city. It features a large pond surrounded by lush gardens, walking paths, and a variety of trees and shrubs. The park also has a playground, picnic areas, and a gazebo for visitors to enjoy. In the summer months, the park is alive with colorful flowers and the sound of birds singing. Intervale Roselawn is a great place to relax, take a stroll, or just enjoy the peaceful atmosphere.

Ewald is a large, outdoor sculpture located in a park in Detroit. It is a towering structure made of steel and concrete, and is composed of two large, curved walls that meet at a point. The walls are adorned with intricate patterns and designs, and the sculpture is illuminated at night with colorful lights. Visitors can walk around the sculpture and take in the unique views from different angles.

Richard Allen is a historic monument located in Detroit, Michigan. It is a bronze sculpture of a man standing on a granite base, with his arms outstretched. The monument was created to honor the life and legacy of Richard Allen, the founder of the African Methodist Episcopal Church. The sculpture is surrounded by a garden of native Michigan plants and trees, and is a popular spot for visitors to take photos and learn about the history of the city.

Belle Isle is a 982-acre island park located in the Detroit River. It features a variety of attractions, including a conservatory, aquarium, nature center, beach, golf course, and lagoons. There are also several monuments, sculptures, and historical sites, as well as a variety of recreational activities such as biking, fishing, and boating. The island is a popular destination for locals and visitors alike, offering a peaceful escape from the hustle and bustle of the city.

Greektown Historic District is a vibrant neighborhood located in the heart of Detroit. It is home to a variety of restaurants, bars, and shops that reflect the area's Greek heritage. The district is lined with cobblestone streets and historic buildings, and is a popular destination for visitors and locals alike. Visitors can explore the area's many attractions, including the Greektown Casino, the Greektown Museum, and the Greektown Marketplace. The district is also home to a variety of festivals and events throughout the year, making it a great place to experience the culture and history of Detroit.

Lifsitz is an outdoor sculpture garden located in Detroit, Michigan. It features a variety of large-scale sculptures by local and international artists, as well as a variety of interactive installations. The garden is open to the public and offers a unique and immersive experience for visitors. The sculptures range from abstract to figurative, and the interactive installations often incorporate light, sound, and movement. The garden also features a variety of seating areas, making it a great spot to relax and take in the art.

Rouge Park is a sprawling urban oasis located in the heart of Detroit. It is the largest park in the city, covering over 1,000 acres of land. The park features a variety of outdoor activities, including hiking, biking, fishing, and bird watching. There are also several picnic areas, playgrounds, and sports fields. The park is home to a variety of wildlife, including deer, foxes, and turtles. Rouge Park is a great place to explore and enjoy the beauty of nature in the city.

This attraction is a large, iconic building located on the Detroit River. It is a multi-purpose venue that hosts a variety of events, including concerts, sporting events, and conventions. It features a unique, modern design with a glass roof and a large, open-air plaza. Inside, visitors can find a variety of shops, restaurants, and entertainment options. The venue also offers stunning views of the Detroit skyline and the river.

Detroit, Michigan area median rent change by ZIP code map

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How does Detroit compare to other cities in Michigan ?

citymedian price
Saint Joseph$2,000
East Lansing$903

Average household income in Detroit area graph - US Census

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The median household income in Detroit in 2021 was $34,762. This represents a 24.8% change from 2011 when the median was $27,862.

0Less than $10,00018.3%
1$10,000 to $14,9997.8%
2$15,000 to $19,9997.1%
3$20,000 to $24,9996.7%
4$25,000 to $29,9996.2%
5$30,000 to $34,9996.7%
6$35,000 to $39,9995.5%
7$40,000 to $44,9995.1%
8$45,000 to $49,9994.2%
9$50,000 to $59,9997.0%
10$60,000 to $74,9997.7%
11$75,000 to $99,9998.2%
12$100,000 to $124,9994.1%
13$125,000 to $149,9992.3%
14$150,000 to $199,9991.9%
15$200,000 or more1.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of March , the average rent in Detroit is $1,292.
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