Last updated on July 29, 2026

Average rent in
Novi, MI

Key takeaways for renters

  • Where Novi rent stands today

    Novi, MI rent rose 30.1% year over year, with a current median of $2,400/month. Renters today are paying $567 more per month than last year.

  • Novi rents run 24.4% more expensive than the $1,930/month national median, placing Novi in the higher price tier among metros with a limited total rental inventory of 96 units.

  • Rent ranges by bedroom

    In Novi, 1-bedroom units rent $1,527/month, 2-bedrooms $1,850/month, 3-bedrooms $2,900/month, and 4+ bedrooms $3,950/month. These figures show a broad range of rents by bedroom count for renters to consider.

Median rent

Median rent in Novi

$2,400/mo

increased by30%

vs previous year

The average rent in Novi is $2,400 per month as of July 2026. This is 24% above the national average rent, or $470 more per month.

$1.45

average price per square foot

Total rentals

Available rentals in Novi

96

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Novi rentals at each price point

55%41%28%14%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Novi, MI

Average rent prices in Novi have increased by 8% over the last month and have increased by 30% since last year.

Rent trends

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

Compare rent prices in Novi, MI

Rent prices in Novi vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Novi is $1,639, whereas a house costs $3,600. 1-bedroom apartments in Novi run $1,549 on average, while 2-bedroom apartments are $1,674.

Listings

1 bedroom

$1,527

1%

5%

2 bedroom

$1,850

2%

2%

3 bedroom

$2,900

1%

2%

4 bedroom

$3,950

2%

14%

1 bedroom

Average rent

$1,527

Last 30 days

1%

Last year

5%

2 bedroom

Average rent

$1,850

Last 30 days

2%

Last year

2%

3 bedroom

Average rent

$2,900

Last 30 days

1%

Last year

2%

4 bedroom

Average rent

$3,950

Last 30 days

2%

Last year

14%

The table above reflects average rent prices in Novi, 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.

How does rent in Novi, MI compare to other cities?

Compare median rent prices in Novi and Ann Arbor by all bedroom counts and property types.

Novi

Median rent price$2,400
increased by24%

higher than the national median

Median rent price$2,100
increased by9%

higher than the national median

Takeaway

The median rent for all rentals in Novi, MI is 14% higher than the median rent in Ann Arbor, MI.

Discover rentals in Novi, MI

23656 N Rockledge - Photo 1 of 1

5d+ ago

Condo for rent in Novi

CONDOS - Contemporary - Novi, MI

23656 N Rockledge, Novi, MI 48375

2 beds

1.5 baths

$1,445

$1,295

Price drop

Condo for rent

Glens of Northville Apartments - Photo 1 of 1

5d+ ago

9.3

Excellent

Glens of Northville Apartments

20969 Woodland Glen Dr, Novi, MI 48167

1–2 beds

1–2 baths

$1,349–$1,659

Apartment for rent

23640 Chipmunk Trail - Photo 1 of 1

1d ago

8.8

Very good

23640 Chipmunk Trail

23640 Chipmunk Trl, Novi, MI 48375

2 beds

1 bath

$1,414–$1,689

Apartment for rent

Heights of Novi Apartments - Photo 1 of 1

2d ago

9

Excellent

Heights of Novi Apartments

22123 Solomon Blvd, Novi, MI 48375

1–2 beds

1–2 baths

$1,499–$1,854

Apartment for rent

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 Novi, MI

Quick answers to common questions about the Novi rental market.

How much is rent in Novi?

The average rent in Novi is $2,400 per month as of July 25, 2026.

Is rent up or down in Novi?

Average rent prices in Novi have increased by 8% over the last month and have increased by 30% since last year.

How does Novi rent compare to the national average?

Rent in Novi is 24% above the national average, which means renters are paying approximately $470 more per month.

What salary do I need to afford rent in Novi?

To comfortably afford rent in Novi, you'd need to earn approximately $96,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Novi?

Based on Zumper's July 2026 data, one-bedroom apartments in Novi average around $1,450/month and two-bedrooms approximately $1,810/month, with one-bedrooms remaining relatively stable and two-bedrooms down 1.4% year over year.

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).

Apartments for rent in Ann Arbor