Apartments in Grandmont-Rosedale Detroit

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$1,400
17717 Greenview St Detroit, MI
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$1,220
18627 Curtis St Detroit, MI
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$1,000
Detroit, MI
3 BR | Dec. 1, 2024
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$990
17187 Vaughan St Detroit, MI
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$1,100
Detroit, MI
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Detroit, MI
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$700
Detroit, MI
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$1,225
Detroit, MI
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$1,050
Detroit, MI
3 BR | Available Now
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$1,270
18213 Strathmoor St Detroit, MI
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$1,250
10006 Auburn St Detroit, MI
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15
$820
Detroit, MI
2 BR | Available Now
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$820
12260 Ward St Uppr Detroit, MI
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Detroit, MI
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$1,250
9994 Vaughan St Detroit, MI
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5
$505
13310 Plymouth RD Detroit, MI
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$1,100
18119 Fielding St Detroit, MI
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$1,200
Detroit, MI
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$475
13021 Plymouth RD Detroit, MI
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$1,600
Detroit, MI
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Detroit:
November Rent Report

Welcome to the November 2024 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Detroit rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Detroit and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Detroit average rent prices in the chart below.

Monthly Rent Report

$1,500
$1,130
$750
$380
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Detroit Rent Prices Decrease From October to November

Detroit rent prices decreased over the last month. From October to November, the city experienced a -0.56% decrease for the price of a one-bedroom apartment. The rent price for a Detroit one-bedroom apartments currently stands at $1,422.0.

When we take a look at the two-bedroom comparison from October to November, Detroit experienced a -0.16% decrease for the price of a two-bedroom apartment. The rent price for a Detroit two-bedroom apartments currently stands at $1,263.0.

November Prices: Detroit vs. Surrounding Areas

Detroit, MI
Dearborn, MI
Royal Oak, MI
Clinton Township, MI
Farmington Hills, MI
Southfield, MI
Madison Heights, MI
$1,430
$1,354
$1,350
$1,206
$1,144
$1,093
$1,010
$0
$500
$1,000
$1,500
$2,000
Median 1 BR Rent

Rent Prices in Detroit and Surrounding Areas

Rent prices have decreased in Detroit over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Detroit suburb increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Royal Oak, MI .

  • Rent decreased in Farmington Hills, MI, Clinton Township, MI, Southfield, MI, Madison Heights, MI, Dearborn, MI.

  • 6 suburbs are currently priced lower than the city of Detroit.

November 2024 Pricing Trends: Detroit vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Detroit, MI
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,430
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Detroit Rent Prices More Affordable Than Major Cities

Rent growth in Detroit over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Detroit average rent prices appear to be relatively affordable for local residents.

The price for a Detroit one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Detroit and surrounding area rent prices, take a look at the complete data set below.

Data set for Detroit and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Detroit, MI $1,430.0 0.07% $1,265.0 1.85%
Farmington Hills, MI $1,144.0 -0.78% $1,616.0 0.56%
Clinton Township, MI $1,206.0 -0.17% $1,410.0 -0.91%
Southfield, MI $1,093.0 -5.04% $1,610.0 0.19%
Madison Heights, MI $1,010.0 0.00% $1,207.0 1.17%
Royal Oak, MI $1,350.0 5.47% $1,649.0 0.98%
Dearborn, MI $1,354.0 -0.22% $1,738.0 0.64%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.