Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Michigan

As of August 2025, Michigan's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Michigan's average rent is 22.7% ($407) lower than the U.S. average of $1,790.

Average Rent

$1,383

Monthly ChangeMonth Over Month Change

1.3% ($18)

Yearly ChangeYear Over Year Change

1.8% ($25)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,108	1.4% ($16)	5.5% ($65)
2 Beds	$1,472	1% ($15)	8.2% ($111)
3 Beds	$1,891	0.7% ($14)	6.8% ($121)

Top Markets in Michigan	Average Rent	Avg. Rent vs. MIAverage Rent vs. Michigan	Avg. Days on MarketAverage Days on Market
Detroit	$1,383	No change	39 days
Grand Rapids	$1,911	38.2% ($528)	36 days
Kalamazoo	$1,083	21.7% ($300)	40 days
Ypsilanti	$1,275	7.8% ($108)	31 days
Ann Arbor	$1,973	42.7% ($590)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Michigan Rental Market FAQs

Explore rental prices, market trends, and availability in Michigan.

What is the average rent in Michigan?

The average rent in Michigan is $1,383 per month.

What is the rental price range for houses in Michigan?

Houses in Michigan typically rent for between $776 and $2,458 per month, with an average of $1,383 per month.

What is the average rent for different bedroom sizes in Michigan?

In Michigan, the average rent for a 1-bedroom house is $1,108 per month, for a 2-bedroom house, $1,472 per month, and a 3-bedroom house is $1,891 per month.

How do rent prices in Michigan compare with the national average?

The average rent in Michigan is 22.7% ($407) lower than the national average of $1,790 per month.

How have rent prices in Michigan changed recently?

The average rent in Michigan has increased by 1.3% ($18) in the last month and increased by 1.8% ($25) over the past year.

How competitive is the rental market in Michigan?

The rental market in Michigan, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Michigan?

In Michigan, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

Can I afford to rent a house in Michigan?

Based on the current averages, a household would need an annual income of $58,880 to comfortably afford a 2-bedroom house in Michigan.