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Apartments in 48216

1 - 4 of 4 Results
13
$1,370
1523 24th St
Detroit, MI
3 BR | Available Now
Contact
Hubbard-Richard
1
$1,000
1729 Vinewood
1729 Vinewood St Detroit, MI
2 BR | Available Now
Contact
Mexicantown
0
$1,345
The Orena
2638 Rosa Parks Blvd Detroit, MI
2 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
Briggs
0
$2,100
The Rose That Grew From Concrete
1401 Spruce St Detroit, MI
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Briggs
1 - 4 of 4 Results
  1. Home
  2. Detroit
  3. 48216

How much does it cost to rent an apartment in 48216?

48216 apartments
Bed Type Average Rent Range
2BR $1,170 $1,000 - $1,350
Frequently Asked Questions

How many apartments are available in 48216 on Rentable.co?

Rentable.co has 4 apartments available for rent in 48216.

What is the average rent for an apartment in 48216?

The average rent for an apartment in 48216 is around $1,360 per month.

What is the average rent for a two-bedroom apartment in 48216?

The average rent for a two-bedroom apartment in 48216 is around $1,172 per month.

Find an Apartment in 48216
Looking for apartments for rent in the 48216 zip code in Detroit, MI? Rentable has compiled some helpful information for you. Currently, there are 4 units available in this area. The average rent in 48216 is $1,360, with the lowest priced units starting at $1,000.

The 48216 zip code is home to several top neighborhoods including Corktown, Hubbard-Richard, and Southwestern. These neighborhoods offer a variety of amenities and attractions such as restaurants, shops, and historic sites.

If you're looking for apartments near 48216, Rentable has a wide selection of options for you to choose from. Whether you're seeking a cozy studio or a spacious three-bedroom, there are apartments in 48216 that cater to your needs. Take a look at Rentable's listings and discover your next rental in the 48216 area.

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.

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