The Zumper Detroit Metro Report analyzed active listings in March 2019 across 10 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Michigan state median one bedroom rent was $817 last month.
Cities Ranked By Rent
The Most Expensive
–Novi, MI saw rent grow $40 to $1,230 but remain the most expensive city in the metro.
–Troy, MI continued to rank as second, though rent jumped $50 to $1,210.
–Livonia, MI was third with one bedrooms priced at $1,100.
The Least Expensive
–Detroit, MI stayed the most affordable city with rent at $610.
–Pontiac, MI rent dropped $10 to $690 but continued to be the second least expensive.
–Taylor, MI ranked as third with rent at $740.
Growth Rate
The Fastest Growing (Y/Y%)
–Pontiac, MI had the fastest growing rent since this time last year, up 15%.
–Livonia, MIÂ rent was the second fastest growing, climbing 12.2%.
–Taylor, MI followed closely behind as third with rent jumping 12.1%.
The Fastest Growing (M/M%)
–Southfield, MIÂ rent had the largest monthly growth rate, up 4.5%.
–Troy, MIÂ saw rent climb 4.3%, making it second.
Full Data
1 Bedroom | 2 Bedrooms | ||||||
---|---|---|---|---|---|---|---|
Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
1 | Novi | $1,230 | 3.40% | 7.00% | $1,490 | 3.50% | 8.00% |
2 | Troy | $1,210 | 4.30% | -15.40% | $1,460 | 0.00% | -12.00% |
3 | Livonia | $1,100 | 0.00% | 12.20% | $1,200 | 0.00% | 12.10% |
4 | Dearborn | $1,090 | 0.00% | -4.40% | $1,240 | -4.60% | 1.60% |
5 | Farmington Hills | $950 | 0.00% | 1.10% | $1,250 | 0.00% | 0.00% |
6 | Southfield | $930 | 4.50% | 1.10% | $1,270 | 1.60% | 10.40% |
7 | Warren | $760 | 0.00% | -5.00% | $920 | 0.00% | 9.50% |
8 | Taylor | $740 | 0.00% | 12.10% | $860 | 0.00% | 6.20% |
9 | Pontiac | $690 | -1.40% | 15.00% | $800 | 0.00% | 5.30% |
10 | Detroit | $610 | 0.00% | 8.90% | $690 | 0.00% | 9.50% |
About
The Zumper Detroit Metro Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
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