- Michigan
- Madison Heights
- Renter Market Trends
Rental market trends in Madison Heights, MI
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Average Apartment Cost in Madison Heights, MI
The average rent for apartments in Madison Heights, MI, is between $1,060 and $1,305 in 2024. For a studio apartment in Madison Heights, MI, the average rent is $1,250. When it comes to 1-bedroom apartments, the average rent in Madison Heights, MI, is $1,060. For a 2-bedroom apartment, the average rent is $1,305.
Apartment Rent Ranges in Madison Heights, MI
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 9% | 35% | 35% | 21% |
How Other Cities Compare to Madison Heights, MI
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Royal Oak | $1,975 | -- |
| Ferndale | $1,897 | -- |
| Ann Arbor | $1,649 | -9% |
| Warren | $1,559 | +24% |
| Novi | $1,559 | +21% |
| Farmington Hills | $1,469 | -2% |
| Troy | $1,442 | -12% |
| Canton | $1,409 | -39% |
| Auburn Hills | $1,379 | -4% |
| Dearborn | $1,375 | -43% |
| Rochester Hills | $1,362 | 0% |
| Detroit | $1,250 | +35% |
| Westland | $1,250 | +59% |
| Southfield | $970 | +7% |
| Sterling Heights | $900 | +1% |
| Flint | $875 | +30% |
| Ypsilanti | $775 | -- |
| Grand Blanc | $717 | -5% |
| Clinton Township | $610 | -- |
| Pontiac | $575 | +3% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Ann Arbor | $1,870 | +11% |
| Ferndale | $1,815 | +92% |
| Troy | $1,795 | +24% |
| Detroit | $1,680 | +27% |
| Rochester Hills | $1,651 | +9% |
| Novi | $1,497 | +13% |
| Canton | $1,450 | +21% |
| Auburn Hills | $1,450 | -8% |
| Royal Oak | $1,407 | +27% |
| Dearborn | $1,407 | +1% |
| Farmington | $1,318 | -- |
| Fenton | $1,268 | +24% |
| Farmington Hills | $1,242 | -2% |
| Southfield | $1,167 | +6% |
| Sterling Heights | $1,135 | +2% |
| Livonia | $1,127 | +3% |
| Howell | $1,127 | 0% |
| Ypsilanti | $1,095 | +10% |
| Clinton Township | $1,070 | +5% |
| Westland | $1,016 | +2% |
| Grand Blanc | $998 | +2% |
| Warren | $942 | 0% |
| Flint | $937 | +34% |
| Pontiac | $915 | +18% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Ferndale | $2,280 | +69% |
| Troy | $2,232 | +4% |
| Detroit | $2,157 | +41% |
| Novi | $2,069 | +24% |
| Ann Arbor | $2,033 | +1% |
| Rochester Hills | $1,944 | +12% |
| Canton | $1,774 | +17% |
| Dearborn | $1,764 | +21% |
| Auburn Hills | $1,727 | -11% |
| Farmington Hills | $1,632 | -1% |
| Sterling Heights | $1,612 | +2% |
| Royal Oak | $1,530 | +17% |
| Farmington | $1,494 | -- |
| Southfield | $1,467 | +11% |
| Clinton Township | $1,446 | +16% |
| Howell | $1,436 | -1% |
| Livonia | $1,385 | 0% |
| Ypsilanti | $1,279 | +14% |
| Fenton | $1,275 | +5% |
| Westland | $1,205 | +2% |
| Grand Blanc | $1,192 | 0% |
| Warren | $1,098 | +7% |
| Pontiac | $1,050 | +1% |
| Flint | $956 | +14% |
Madison Heights, MI Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 | Oct 2024 |
| $1680 | $1680 | $1830 | $1830 | $1349 | $1349 | $1920 | $1920 | $2069 | $2069 | $1250 | $1250 | $1250 |
| $985 | $985 | $985 | $990 | $1025 | $1002 | $990 | $965 | $965 | $965 | $1012 | $1012 | $1012 |
| $1165 | $1187 | $1180 | $1155 | $1137 | $1200 | $1222 | $1202 | $1202 | $1212 | $1212 | $1212 | $1212 |
