Metro rent research
Read local rent trends, property strategies and acquisition downside analysis for each metro. Markets that span several states have one report.
- Detroit metro · MI
Fund Detroit’s route from repair work and certification to first rent, then test the net rehabilitation premium.
Michigan cities with rent data
| City | Median rent | Range | ZIP codes |
|---|---|---|---|
| Detroit | $1,305 | $1,023 to $2,042 | 19 |
| Grand Rapids | $1,598 | $1,384 to $1,869 | 6 |
| Lansing | $1,230 | $1,158 to $1,374 | 6 |
| Kalamazoo | $1,243 | $1,190 to $1,299 | 5 |
| Warren | $1,568 | $1,315 to $1,852 | 5 |
| Ann Arbor | $2,049 | $1,584 to $2,339 | 4 |
| Battle Creek | $1,103 | $1,057 to $1,214 | 4 |
| Sterling Heights | $1,570 | $1,491 to $1,711 | 4 |
| Troy | $2,155 | $1,671 to $2,586 | 4 |
| Clinton Township | $1,305 | $1,111 to $1,364 | 3 |
| Farmington Hills | $1,734 | $1,574 to $1,735 | 3 |
| Flint | $952 | $945 to $1,001 | 3 |
| Jackson | $1,141 | $1,058 to $1,162 | 3 |
| Kentwood | $1,759 | $1,603 to $1,779 | 3 |
| Novi | $1,976 | $1,759 to $1,997 | 3 |
| Pontiac | $1,359 | $1,328 to $1,602 | 3 |
| Saginaw | $1,073 | $927 to $1,132 | 3 |
| Southfield | $1,476 | $1,473 to $1,648 | 3 |
| Traverse City | $1,945 | $1,740 to $1,994 | 3 |
Is Michigan a good place to buy a rental?
Rent is only half the equation. Compare it against local prices to see where the numbers actually work.