How many apartments are available in 48316 on Rentable.co?
Rentable.co has 19 apartments available for rent in 48316.
What is the average rent for an apartment in 48316?
The average rent for an apartment in 48316 is around $2,000 per month.
What is the average rent for a two-bedroom apartment in 48316?
The average rent for a two-bedroom apartment in 48316 is around $1,999 per month.
Find an Apartment in 48316
Looking for apartments for rent in the 48316 zip code in Shelby Twp, MI? Look no further! Rentable provides rental information for this area, and currently there are 26 units available. The average rent in the 48316 zip code is $2,000, with the most affordable option starting at $1,523 for a 2-bedroom floor plan.
Located in Shelby Twp, MI, the 48316 zip code offers a variety of amenities and attractions nearby. Nature enthusiasts will enjoy the scenic beauty of Stony Creek Metropark, which provides opportunities for hiking, biking, and picnicking. For those seeking entertainment, the nearby Mall at Partridge Creek features an array of shops, restaurants, and a movie theater.
If you're searching for apartments near 48316, Rentable has got you covered. Explore our listings and find the perfect rental that meets your needs and preferences.
Shelby Twp: November Rent Report
Welcome to the November 2024 Shelby Twp 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 Shelby Twp rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Shelby Twp 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
Shelby Twp average rent prices in the chart below.
Monthly Rent Report
$1,950
$1,460
$980
$490
$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 BR2 BR
Shelby Twp Rent Prices Decrease From October to November
Shelby Twp rent prices decreased over the last month. From October to November, the city experienced a -1.15% decrease for the price of a one-bedroom apartment. The rent price for a Shelby Twp one-bedroom apartments currently stands at $1,292.0.
When we take a look at the two-bedroom comparison from October to November, Shelby Twp experienced a -3.59% decrease for the price of a two-bedroom apartment. The rent price for a Shelby Twp two-bedroom apartments currently stands at $1,717.0.
November Prices: Shelby Twp vs. Surrounding Areas
Rent Prices in Shelby Twp and Surrounding Areas
Rent prices have decreased in Shelby Twp over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Shelby Twp suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Shelby Twp suburbs
Rents did not decrease in any of the Shelby Twp suburbs.
November 2024 Pricing Trends: Shelby Twp vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent
Shelby Twp Rent Prices More Affordable Than Major Cities
Rent growth in Shelby Twp over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Shelby Twp average rent prices appear to be
relatively affordable for local residents.
The price for a Shelby Twp 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 Shelby Twp and surrounding area rent prices, take a look at the complete data set below.
Data set for Shelby Twp and suburbs
1 BR November
1 BR M/M % Change
2 BR November
2 BR M/M % Change
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.