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Apartments for Rent in Novi, MI

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What to Know About

Life in Novi & Beyond

Novi shares many of the great qualities that make Michigan a desirable place to live.

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

Novi, MI

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As of November 2026, Novi's rental market is balanced, with rentals spending about 26 days on the market, slower than in Michigan (24), and rents up 3.1% over the past year. Novi's average rent is 29.6% ($465) higher than the Michigan average of $1,569 and 0.1% ($2) lower than the U.S. average of $2,036.

Average Rent
$2,034
Monthly ChangeMonth Over Month Change
Increased0.31% ($6)
Yearly ChangeYear Over Year Change
Increased3.1% ($62)
Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,426 Increased0.09% ($1) Increased2.1% ($29)
2 Beds $1,829 Increased0.01% Increased3.9% ($69)
3 Beds $2,388 Increased0.39% ($9) Increased0.9% ($20)
Nearby Cities Average Rent Avg. Rent vs. NoviAverage Rent vs. Novi Days on Market
Wixom $1,738 Decreased14.6% ($296) 27 days
Northville $1,870 Decreased8.1% ($164) 26 days
New Hudson $1,814 Decreased10.8% ($220) 27 days
Walled Lake $1,741 Decreased14.4% ($293) 27 days
Farmington $1,548 Decreased23.9% ($486) 26 days
Based on rentals advertised on RentalSource in and around Novi.
Frequently Asked Questions
Novi Rental Market FAQs

Explore rental prices, market conditions, and affordability in Novi, MI.

The average rent in Novi, MI is about $2,034 per month.
In Novi, the average rent is about $1,426 per month for a 1-bedroom apartment, about $1,829 for a 2-bedroom apartment and about $2,388 for a 3-bedroom apartment.
The average rent in Novi is 0.1% ($2) lower than the national average of $2,036 per month.
The rental market in Novi, MI is currently balanced, with rentals spending about 26 days on the market, slower than in Michigan (24), and rents up 3.1% over the past year.
Based on the current averages, a household would need an annual income of about $73,200 to comfortably afford a 2-bedroom apartment in Novi.
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