Apartments in Kranz Woods Detroit

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$1,300
Detroit, MI
3 BR | Available Now
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Kranz Woods
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$1,250
Detroit, MI
3 BR | Available Now
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$1,300
Detroit, MI
3 BR | Available Now
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Conant Gardens
9
$895
18475 Wexford St Detroit, MI
3 BR | Available Now
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Conant Gardens
1
$750
Detroit, MI
1 BR | Available Now
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Disability Access
0
$1,300
Detroit, MI
3 BR | Available Now
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Conant Gardens
0
$1,200
19930 Revere St Detroit, MI
3 BR | Available Now
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27
$1,200
20258 Caldwell St Detroit, MI
3 BR | Ask for Availability
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$1,500
18625 Rogge Detroit, MI
3 BR | Available Now
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1
$1,200
20209 Revere St Detroit, MI
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13
$1,200
Detroit, MI
3 BR | Available Now
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1
$1,350
Detroit, MI
3 BR | Available Now
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7
$1,200
20784 Audrey Ave Warren, MI
3 BR | Ask for Availability
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0
$1,300
20795 Doepfer Rd Warren, MI
3 BR | Available Now
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0
$1,350
Detroit, MI
3 BR | Available Now
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16
$1,350
Warren, MI
2 BR | Available Now
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10
$969
Detroit, MI
2 BR | Available Now
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0
$969
Detroit, MI
2 BR | Ask for Availability
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10
$1,100
Detroit, MI
3 BR | Available Now
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Dishwasher
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$1,350
Warren, MI
3 BR | Available Now
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$1,100
6749 Rivard Ave Warren, MI
2 BR | Available Now
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7
$700
Highland Park, MI
1 BR | Ask for Availability
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Air Conditioning
1
$850
Detroit, MI
3 BR | Ask for Availability
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10
$1,195
6737 Prospect Ave Warren, MI
3 BR | Ask for Availability
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0
$1,300
7084 Westminster Warren, MI
3 BR | Available Now
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0
$1,000
3827 Trowbridge St Hamtramck, MI
2 BR | Available Now
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$1,100
Warren, MI
2 BR | Available Now
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0
$799
Hamtramck, MI
2 BR | Available Now
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6
$665 - 775
5043 E Outer Dr Detroit, MI
1 - 2 BR | Available Now
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$1,175
8036 Fisher Ave Warren, 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.