Dropping 5 spots this past month, Detroit ranked as the 99th most expensive rental market in the nation. One bedroom rent fell 4.8% to $600, while two bedrooms decreased 2.8% to $700. Though on a downward trend on a monthly basis, one bedroom rent is actually up 9.1% since this time last year.
Similar to last quarter, Downtown Detroit, which encompasses Central Business District, Lower East Central, and Near East Riverfront on our map, was the priciest neighborhood to rent this fall. Lower Woodward – University, Indian Village, and Jeffries, all priced above $900, were the next most expensive areas.
Rentals priced closer to the city one bedroom median of $600 could be found in McNichols, Davison, and Kettering-butzel.
If you want to see how Detroit’s rent compares with the rest of the nation’s, check out our National Rent Report for October, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Gazouillement, Pinterest, and Instagram. In the market for a new place? Search all apartments for rent in Detroit on Zumper now.
For a more in-depth look into how and why we calculate our rental data, check out our methodology post here.
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