5+ Days Ago
Highlights
- Hardwood floors
- Spacious kitchen
- Updated bathroom
- Closets
Location
5550 Alter Rd, Detroit, MI 48224, USA|Finney
Tour 5550 Alter Rd
Contact
Tradewinds Development Group, LLC
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Policies and fees
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 5550 Alter Rd
Sweet deal!
This listing is 19% below the median price for 3 bedroom apartments in Finney.
***Move in Special 1 months security deposit and half off first months rent****** Beautiful 3-bedroom 1 bath Bungalow with nice yard is waiting for you and your family. Located in Morningside this home comes with a great spacious kitchen and nice hardwood floors, updated bathroom and lots of closets. Separate living and dining rooms makes for lots of space. Close to shopping, places of worship, schools, grocery, pharmacy, restaurants and freeways. Located on Alter Rd. between Chandler Park and Mack. Close to Chandler Park and Ascension St. John Hospital. Tenant qualifications: Online application w/$50.00 fee per adult 18 and older that will be living at the property. Must have provable gross income 3x the rent ($3,150) and a minimum of $1,575 to cover the first month’s rent and the security deposit (1.5x rent). Tenant will be required to enter into tenant agreement with the water company and put all other utilities in their name. $100 Admin fee required at move-in. No evictions or long history of late payments. Bank statements and current ledger required with application. Virtual Tour Link: https bit ly 5550-vt Link to application: https bit ly 5550-app Rental criteria: https bit ly rental-criteria2 An application is required for all tenants that will be living at the property 18 years or older. Section 8 Welcome!
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 5550 Alter Rd compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
Address details
| Neighborhood | Finney |
|---|---|
| Zip code | 48224 |
| Type | House for rent |
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Rent trends in Finney
3-bedroom apartments at 5550 Alter Rd cost about 19% less than the average rent price for 3-bedroom apartments in Detroit.
Median rents as of Oct 18 2025.
Finney
Detroit
| Month | Median Rent |
|---|---|
| November 2023 | $1,200 |
| December 2023 | $1,210 |
| January 2024 | $1,210 |
| February 2024 | $1,200 |
| March 2024 | $1,250 |
| April 2024 | $1,285 |
| May 2024 | $1,300 |
| June 2024 | $1,300 |
| July 2024 | $1,300 |
| August 2024 | $1,300 |
| September 2024 | $1,300 |
| October 2024 | $1,300 |
| November 2024 | $1,300 |
| December 2024 | $1,300 |
| January 2025 | $1,300 |
| February 2025 | $1,300 |
| March 2025 | $1,300 |
| April 2025 | $1,300 |
| May 2025 | $1,340 |
| June 2025 | $1,306 |
| July 2025 | $1,300 |
| August 2025 | $1,317 |
| September 2025 | $1,350 |
| October 2025 | $1,310 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,250 |
| December 2023 | $1,255 |
| January 2024 | $1,250 |
| February 2024 | $1,300 |
| March 2024 | $1,260 |
| April 2024 | $1,230 |
| May 2024 | $1,266 |
| June 2024 | $1,330 |
| July 2024 | $1,310 |
| August 2024 | $1,320 |
| September 2024 | $1,350 |
| October 2024 | $1,312 |
| November 2024 | $1,300 |
| December 2024 | $1,306 |
| January 2025 | $1,306 |
| February 2025 | $1,306 |
| March 2025 | $1,325 |
| April 2025 | $1,312 |
| May 2025 | $1,295 |
| June 2025 | $1,285 |
| July 2025 | $1,277 |
| August 2025 | $1,314 |
| September 2025 | $1,375 |
| October 2025 | $1,300 |
Affordability calculator
Can I afford to live at 5550 Alter Rd?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$42,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $42,000 annually to afford this 3-bedrooms monthly rent price of $1,050.
For more information on rent affordability, visit our rent calculator.
Schools near 5550 Alter Rd
Brown Ronald Academy
11530 e outer dr
detroit, MI, 48224
PK, K-8Public
C-
Clark J.E. Preparatory Academy
15755 bremen st
detroit, MI, 48224
PK, 1-8Public
C-
Wayne Elementary School
10633 courville st
detroit, MI, 48224
PK, K-5Public
C-
Carleton Elementary School
11724 casino st
detroit, MI, 48224
PK, K-5Public
C-
Brewer Academy
18025 brock st
detroit, MI, 48205
PK, K-8Public
C-
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Internet available near 5550 Alter Rd
Getting around Detroit near 5550 Alter Rd
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 5550 Alter Rd, Detroit
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
2/10
At least one high school within a 30-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
2/10
Some bars within walking distance
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