Average Rent Prices in Michigan (MI)
$7591
Studio
$8321
1BR
$1,0351
2BR
$1,3371
3BR
$1,4821
4BR
As of 2023, the overall average fair market rent for a residential rental property in Michigan is $1,089. Average rent prices in Michigan sit below the national average rent of $1,274, in which Michigan ranks as the as the 21st lowest rent among all 50 states and the 30th highest rent among all 50 states within the United States. In Michigan’s large metropolitan areas such as Grand Rapids, MI, the average rent prices tend to be higher, while alternative areas such as Ann Arbor, MI, can provide more affordable options.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Rent Rankings
30th
Highest Rent Among 50 States
21st
Lowest Rent Among 50 States
Below
The National Rent Average
Definitions
Studio – A one-room unit with a private bathroom.
1BR – A unit that has a separate bathroom and a separate bedroom.
2BR – A unit that has two separate and distinct bedrooms.
3BR – A unit that has 3 separate and distinct bedrooms.
4BR – A unit that has 4 separate and distinct bedrooms.
Fair Market Rent – Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Michigan (MI) Visual Chart
Average Rent Prices in Michigan (MI) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Ann Arbor, MI MSA | 1.148 | 1.153 | 1.384 | 1.684 | 1.926 |
| 2 | Battle Creek, MI MSA | 697 | 779 | 958 | 1.224 | 1.397 |
| 3 | Bay City, MI MSA | 629 | 686 | 876 | 1.150 | 1.269 |
| 4 | Cass County, MI HUD Metro FMR Area | 692 | 721 | 889 | 1.194 | 1.298 |
| 5 | Detroit-Warren-Livonia, MI HUD Metro FMR Area | 845 | 952 | 1.213 | 1.511 | 1.629 |
| 6 | Flint, MI MSA | 646 | 745 | 938 | 1.171 | 1.268 |
| 7 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | 954 | 1.005 | 1.211 | 1.576 | 1.761 |
| 8 | Holland-Grand Haven, MI HUD Metro FMR Area | 904 | 1.016 | 1.148 | 1.532 | 1.588 |
| 9 | Ionia County, MI HUD Metro FMR Area | 772 | 777 | 1.023 | 1.292 | 1.506 |
| 10 | Jackson, MI MSA | 686 | 833 | 985 | 1.310 | 1.488 |
| 11 | Kalamazoo-Portage, MI MSA | 732 | 855 | 1.049 | 1.381 | 1.506 |
| 12 | Lansing-East Lansing, MI HUD Metro FMR Area | 837 | 868 | 1.063 | 1.374 | 1.428 |
| 13 | Livingston County, MI HUD Metro FMR Area | 843 | 1.069 | 1.261 | 1.708 | 1.888 |
| 14 | Midland, MI MSA | 715 | 746 | 978 | 1.313 | 1.399 |
| 15 | Monroe, MI MSA | 717 | 817 | 1.072 | 1.367 | 1.750 |
| 16 | Montcalm County, MI HUD Metro FMR Area | 696 | 756 | 922 | 1.136 | 1.371 |
| 17 | Muskegon, MI MSA | 672 | 764 | 993 | 1.242 | 1.334 |
| 18 | Niles-Benton Harbor, MI MSA | 718 | 736 | 957 | 1.229 | 1.366 |
| 19 | Saginaw, MI MSA | 623 | 707 | 931 | 1.186 | 1.251 |
| 20 | Shiawassee County, MI HUD Metro FMR Area | 648 | 652 | 858 | 1.162 | 1.212 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2023.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.
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