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

Niles, MI

As of July 2025, Niles's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Niles's average rent is 48.6% ($664) lower than the Michigan average of $1,365 and 60.5% ($1,074) lower than the U.S. average of $1,775.

Average Rent

$701

Monthly ChangeMonth Over Month Change

10.1% ($79)

Yearly ChangeYear Over Year Change

35.7% ($390)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$665	0.2% ($1)	25% ($222)
2 Beds	$880	0.6% ($5)	15.5% ($161)
3 Beds	$1,111	1.8% ($20)	15.9% ($210)

Nearby Cities	Average Rent	Avg. Rent vs. NilesAverage Rent vs. Niles	Avg. Days on MarketAverage Days on Market
Berrien Springs	$870	24.1% ($169)	38 days
South Bend	$1,052	50.1% ($351)	40 days
Mishawaka	$1,792	155.6% ($1091)	35 days
New Carlisle	$1,071	52.8% ($370)	39 days
Bridgman	$1,025	46.2% ($324)	38 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Niles Rental Market FAQs

Explore rental prices, market trends, and availability in Niles, MI.

What is the average rent in Niles, MI?

The average rent in Niles, MI is $701 per month.

What is the rental price range for homes in Niles, MI?

Homes in Niles typically rent for between $600 and $1,444 per month, with an average of $701 per month.

What is the average rent for different bedroom sizes in Niles, MI?

In Niles, the average rent for a 1-bedroom home is $665 per month, for a 2-bedroom home, $880 per month, and a 3-bedroom home is $1,111 per month.

How do rent prices in Niles, MI compare with the national average?

The average rent in Niles is 60.5% ($1,074) lower than the national average of $1,775 per month.

How have rent prices in Niles, MI changed recently?

The average rent in Niles has decreased by 10.1% ($79) in the last month and decreased by 35.7% ($390) over the past year.

How competitive is the rental market in Niles, MI?

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

How long do rentals stay on the market in Niles, MI?

In Niles, MI, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Niles, MI?

There are currently 2 rental properties available in Niles, MI.

Can I afford to rent a home in Niles, MI?

Based on the current averages, a household would need an annual income of $35,200 to comfortably afford a 2-bedroom home in Niles.