Apartments in West Side Industrial Detroit

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7

$1,400

4848 Commonwealth St Unit 3

Detroit, MI

1 BR | Jan. 1, 2025

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Storage

13

$1,850

822 Marentette Ave

Windsor, ON

3 BR | Available Now

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1

$1,100

1645 Morrell St

Detroit, MI

3 BR | Available Now

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Mexicantown

21

$1,850

1036 Howard Ave

Windsor, ON

2 BR | Available Now

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17

$995 - 1,695

1411 Bruce Ave

Windsor, ON

1 - 3 BR | Available Now

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14

$1,349

1404 Pelissier St

Windsor, ON

2 BR | Available Now

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1

$1,975

$1975 - Beautiful 2 Bedroom Condo With 2 Bathrooms

1937 Campau Farms Cir Detroit, MI

2 BR | Available Now

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9

$1,300

36 Hanna St W

Windsor, ON

1 BR | Feb. 1, 2025

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21

$1,350

1590 Ouellette Ave

Windsor, ON

1 BR | Feb. 3, 2025

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12

$1,450

1580 Dufferin

Windsor, ON

2 BR | Available Now

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West Side Industrial

Detroit:
December Rent Report

Welcome to the December 2024 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Detroit Rent Prices Decrease From November to December

Detroit rent prices decreased over the last month. From November to December, the city experienced a -0.14% decrease for the price of a one-bedroom apartment. The rent price for a Detroit one-bedroom apartments currently stands at $1,420.0.

When we take a look at the two-bedroom comparison from November to December, Detroit experienced a -0.71% decrease for the price of a two-bedroom apartment. The rent price for a Detroit two-bedroom apartments currently stands at $1,254.0.

December Prices: Detroit vs. Surrounding Areas

Detroit, MI

Royal Oak, MI

Troy, MI

Dearborn, MI

Clinton Township, MI

Farmington Hills, MI

Southfield, MI

Madison Heights, MI

$1,422

$1,394

$1,356

$1,356

$1,196

$1,135

$1,036

$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 3 of the Detroit suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Royal Oak, MI, Troy, MI, Dearborn, MI .
Rent decreased in Farmington Hills, MI, Clinton Township, MI, Southfield, MI, Madison Heights, MI.
7 suburbs are currently priced lower than the city of Detroit.

December 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

$4,134

$3,160

$2,389

$2,353

$1,914

$1,422

$1,318

$1,255

$1,234

$0

$1,350

$2,700

$4,050

$5,400

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 December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Detroit, MI	$1,422.0	-0.56%	$1,263.0	-0.16%
Farmington Hills, MI	$1,135.0	-0.79%	$1,622.0	0.37%
Clinton Township, MI	$1,196.0	-0.83%	$1,414.0	0.28%
Southfield, MI	$1,036.0	-5.22%	$1,611.0	0.06%
Madison Heights, MI	$1,010.0	0.00%	$1,191.0	-1.33%
Royal Oak, MI	$1,394.0	3.26%	$1,659.0	0.61%
Troy, MI	$1,356.0	3.67%	$1,568.0	6.16%
Dearborn, MI	$1,356.0	0.15%	$1,737.0	-0.06%

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.