Last updated on November 2, 2026

Average rent in
Central Michigan University, MI

Median rent

Median rent in Shepherd

$1,000/mo

increased by2%

vs previous year

The average rent in Shepherd is $1,000 per month as of October 2026. This is 47% below the national average rent, or $900 less per month.

$0.96

average price per square foot

Total rentals

Available rentals in Shepherd

60

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Shepherd rentals at each price point

60%45%30%15%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Central Michigan University, MI

Average rent prices in Shepherd have increased by 2% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Central Michigan University, MI

Rent prices in Shepherd vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Shepherd is $852, whereas a house costs $1,435. 1-bedroom apartments in Shepherd run $725 on average, while 2-bedroom apartments are $900.

Listings

Studio

$750

-

-

1 bedroom

$737

-

6%

2 bedroom

$950

-

No Change

3 bedroom

$1,275

-

No Change

4 bedroom

$2,000

-

No Change

Studio

Average rent

$750

1 bedroom

Average rent

$737

Last year

6%

2 bedroom

Average rent

$950

3 bedroom

Average rent

$1,275

4 bedroom

Average rent

$2,000

The table above reflects average rent prices in Central Michigan University, MI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Central Michigan University, MI

1016 S Arnold St ##Room - Photo 1 of 1

5d+ ago

Apartment for rent in Mount Pleasant

5 beds

2 baths

$500

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Springbrook Townhomes - Photo 1 of 1

5d+ ago

9.5

Excellent

Our team has verified this company

Verified

Springbrook Townhomes

4650 S Isabella Rd, Mount Pleasant, MI 48858

2–3 beds

1–2 baths

$564–$1,304

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Call

722 W Broomfield - Photo 1 of 1

2d ago

8.1

Very good

722 W Broomfield

722 W Broomfield St, Mt Pleasant, MI 48858

2–4 beds

1–2 baths

$995–$1,100

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
1815 Edgewood Drive - Photo 1 of 1

2d ago

8

Very good

1815 Edgewood Drive

1815 Edgewood Dr, Mount Pleasant, MI 48858

4 beds

1 bath

$1,250

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Central Michigan University, MI

Quick answers to common questions about the Shepherd rental market.

How much is rent in Shepherd?

The average rent in Shepherd is $1,000 per month as of October 31, 2026.

Is rent up or down in Shepherd?

Average rent prices in Shepherd have increased by 2% since last year.

How does Shepherd rent compare to the national average?

Rent in Shepherd is 47% below the national average, which means renters are paying approximately $900 less per month.

What salary do I need to afford rent in Shepherd?

To comfortably afford rent in Shepherd, you'd need to earn approximately $40,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Springbrook Townhomes