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.
Monthly rent for an apartment and annual rental growth in Detroit, Michigan, from January 2018 to December 2023
(in U.S. dollars)
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Apartment List. (February 12, 2024). Monthly rent for an apartment and annual rental growth in Detroit, Michigan, from January 2018 to December 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/1365743/apartment-rent-and-rental-growth-detroit/
Apartment List. "Monthly rent for an apartment and annual rental growth in Detroit, Michigan, from January 2018 to December 2023 (in U.S. dollars)." Chart. February 12, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/1365743/apartment-rent-and-rental-growth-detroit/
Apartment List. (2024). Monthly rent for an apartment and annual rental growth in Detroit, Michigan, from January 2018 to December 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/1365743/apartment-rent-and-rental-growth-detroit/
Apartment List. "Monthly Rent for An Apartment and Annual Rental Growth in Detroit, Michigan, from January 2018 to December 2023 (in U.S. Dollars)." Statista, Statista Inc., 12 Feb 2024, https://www.statista.com/statistics/1365743/apartment-rent-and-rental-growth-detroit/
Apartment List, Monthly rent for an apartment and annual rental growth in Detroit, Michigan, from January 2018 to December 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1365743/apartment-rent-and-rental-growth-detroit/ (last visited October 14, 2024)
Monthly rent for an apartment and annual rental growth in Detroit, Michigan, from January 2018 to December 2023 (in U.S. dollars) [Graph], Apartment List, February 12, 2024. [Online]. Available: https://www.statista.com/statistics/1365743/apartment-rent-and-rental-growth-detroit/
