Monthly apartment rent and rental growth in Detroit, MI, 2018-2023
The median rent for one- and two-bedroom apartments in Detroit, Michigan, amounted to about 1050 U.S. dollars by the end of 2023. Rents have grown since the beginning of the pandemic, but in the final quarter of 2022, rental growth turned negative and fell by two percent in December 2022. In the end of 2023, the annual change in rental growth stood at 1.72 percent. Among the different states in the U.S., Michigan ranks as one of the less expensive rental markets.