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What to Know About
Living in 48238
Detroit, known as "The Motor City" because it is the center of the automobile industry in America, is the epitome of urban renewal and a city with a rich history and diverse culture. From the iconic Motown Museum to the beautiful Belle Isle Park, Detroit boasts a treasure trove of cultural and historical landmarks like the Detroit Institute of Arts, which features a collection of more than 65,000 works of art or attending a performance at the Detroit Symphony Orchestra, one of the top orchestras in the country.
Sports enthusiasts will find a city that loves competition, home to the Detroit Lions (NFL), Detroit Red Wings (NHL), and the Detroit Tigers (MLB). Outdoor adventurers will love the city's abundance of parks and recreational areas, including the Detroit RiverWalk and Milliken State Park. Detroit is also a hub for innovative events and festivals, including the Detroit Jazz Festival, the North American International Auto Show, and the Detroit Restaurant Week.
Its thriving nightlife, diverse communities, and world-class museums and cultural attractions make Detroit a great place to live.
Rental Market Trends
Detroit, MI
As of July 2025, Detroit's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Detroit's average rent is 2.3% ($32) higher than the Michigan average of $1,365 and 21.3% ($378) lower than the U.S. average of $1,775.
Average Rent
$1,397
Monthly ChangeMonth Over Month Change
2.9% ($39)
Yearly ChangeYear Over Year Change
19% ($223)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,186 | 1.9% ($23) | 24.2% ($231) |
| 2 Beds | $1,569 | 2.6% ($42) | 30% ($362) |
| 3 Beds | $1,981 | 3.7% ($77) | 23.7% ($379) |
| Nearby Cities | Average Rent | Avg. Rent vs. DetroitAverage Rent vs. Detroit | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Hamtramck | $1,408 | 0.8% ($11) | 39 days |
| Highland Park | $1,129 | 19.2% ($268) | 40 days |
| River Rouge | $894 | 36% ($503) | 35 days |
| Dearborn | $1,476 | 5.7% ($79) | 37 days |
| Hazel Park | $1,414 | 1.2% ($17) | 32 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Detroit Rental Market FAQs
Explore rental prices, market trends, and availability in Detroit, MI.
The average rent in Detroit, MI is $1,397 per month.
Homes in Detroit typically rent for between $830 and $2,575 per month, with an average of $1,397 per month.
In Detroit, the average rent for a 1-bedroom home is $1,186 per month, for a 2-bedroom home, $1,569 per month, and a 3-bedroom home is $1,981 per month.
The average rent in Detroit is 21.3% ($378) lower than the national average of $1,775 per month.
The average rent in Detroit has increased by 2.9% ($39) in the last month and increased by 19.0% ($223) over the past year.
The rental market in Detroit, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Detroit, MI, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 467 rental properties available in Detroit, MI.
Based on the current averages, a household would need an annual income of $62,760 to comfortably afford a 2-bedroom home in Detroit.
