Apartments in 48238

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5
$1,100
Detroit, MI
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
$600
Detroit, MI
2 BR | Ask for Availability
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House
7
$950
Detroit, MI
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
$1,100
14575 Monica St Detroit, MI
Studio | Ask for Availability
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House
6
Call for Pricing
Detroit, MI
Studio | Available Now
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Russell Woods
5
Call for Pricing
Detroit, MI
1 BR | Available Now
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5
$1,000
Detroit, MI
3 BR | Available Now
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Russell Woods
1
$750
4267 W Buena Vista St # 9 Detroit, MI
2 BR | Ask for Availability
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3
$800 - 850
Detroit, MI
2 - 3 BR | Ask for Availability
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2
$750
2649-51 Pasadena St Detroit, MI
3 BR | Ask for Availability
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How much does it cost to rent an apartment in 48238?

48238 apartments
Bed Type Average Rent Range
1BR $750 $680 - $850
2BR $860 $620 - $1,350
3BR $1,100 $790 - $1,780
Find an Apartment in 48238
Looking for apartments for rent in the 48238 zip code in Detroit, MI? Rentable has multiple units available for rent in this area, so you're sure to find one that suits your needs. The average rent in 48238 is $850, and the minimum rent for a 2-bedroom is $623.

In addition to the affordable housing options, the top neighborhoods in the 48238 area include Russell Woods. This neighborhood offers a vibrant community with nearby points of interest, parks, and amenities. Whether you're looking for a peaceful park to relax in or bustling attractions to explore, Russell Woods has something for everyone.

If you're interested in apartments near 48238 in Detroit, MI, be sure to check out Rentable's listings. With a variety of available units and the top neighborhoods in the area, you're bound to find the perfect place to call home. Don't miss out on this opportunity - start your search today and find your dream apartment in the 48238 area.

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.