Apartments in Ravendale Detroit

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$600
Detroit, MI
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$600
Detroit, MI
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$700
Detroit, MI
3 BR | Ask for Availability
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$700
Detroit, MI
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$600
Detroit, MI
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$600
Detroit, MI
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17
$1,000
Detroit, MI
2 BR | Available Now
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Storage
2
$945 - 1,100
Detroit, MI
2 BR | Available Now
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9
$1,500
Detroit, MI
3 BR | Available Now
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16
$770
17888 Hoover St Detroit, MI
2 BR | Ask for Availability
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Van Stueban
$1,000
Detroit, MI
2 BR | Ask for Availability
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15
$800
Detroit, MI
2 BR | Available Now
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1
$900
Detroit, MI
2 BR | Ask for Availability
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14
$1,020
1324 Wayburn St Grosse Pointe, MI
2 BR | Ask for Availability
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$800 - 900
Detroit, MI
Studio - 1 BR | Available Now
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$1,300
Detroit, MI
3 BR | Available Now
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Dog Friendly
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7
$1,450
Grosse Pointe Park, MI
3 BR | Aug. 26, 2024
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Dog Friendly
Cat Friendly
Storage
0
$700 - 725
12026 Morang Ave Detroit, MI
1 BR | Available Now
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Storage
2
$750
11750 Morang Dr Detroit, MI
2 BR | Ask for Availability
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2
$950
11094 Nottingham RD Detroit, MI
2 BR | Available Now
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6
$950
Detroit, MI
2 BR | Available Now
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28
$1,200
11776 Rossiter St Detroit, MI
3 BR | Available Now
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11
$700
Detroit, MI
1 BR | Available Now
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14
$1,150
Detroit, MI
3 BR | Available Now
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1
$900 - 1,250
1031 Marlborough St Detroit, MI
1 - 2 BR | Available Now
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Disability Access
Dishwasher
24
$1,400
910 Marlborough St Detroit, MI
3 BR | Available Now
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Detroit:
June Rent Report

Welcome to the June 2024 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2024 key findings and figures for the Detroit rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Detroit and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Detroit average rent prices in the chart below.

Monthly Rent Report

$1,500
$1,130
$750
$380
$0
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Detroit Rent Prices Increase From May to June

Detroit rent prices increased over the last month. From May to June, the city experienced a 3.24% increase for the price of a one-bedroom apartment. The rent price for a Detroit one-bedroom apartments currently stands at $1,338.0.

When we take a look at the two-bedroom comparison from May to June, Detroit experienced a 2.71% increase for the price of a two-bedroom apartment. The rent price for a Detroit two-bedroom apartments currently stands at $1,137.0.

June Prices: Detroit vs. Surrounding Areas

Troy, MI
Detroit, MI
Royal Oak, MI
Clinton Township, MI
Farmington Hills, MI
Southfield, MI
Madison Heights, MI
$1,323
$1,296
$1,218
$1,189
$1,150
$1,138
$1,009
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

Rent Prices in Detroit and Surrounding Areas

Rent prices have increased in Detroit over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Detroit suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Clinton Township, MI, Madison Heights, MI, Southfield, MI, Troy, MI .

  • Rent decreased in Farmington Hills, MI, Royal Oak, MI.

  • 6 suburbs are currently priced lower than the city of Detroit.

June 2024 Pricing Trends: Detroit vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Detroit, MI
Minneapolis, MN
Pittsburgh, PA
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,296
$1,259
$1,203
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Detroit Rent Prices More Affordable Than Major Cities

Rent growth in Detroit over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Detroit average rent prices appear to be relatively affordable for local residents.

The price for a Detroit one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Detroit and surrounding area rent prices, take a look at the complete data set below.

Data set for Detroit and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Detroit, MI $1,296.0 -0.54% $1,107.0 2.03%
Farmington Hills, MI $1,150.0 -0.52% $1,590.0 0.19%
Clinton Township, MI $1,189.0 1.62% $1,487.0 1.50%
Madison Heights, MI $1,009.0 0.10% $1,124.0 0.27%
Southfield, MI $1,138.0 0.62% $1,497.0 2.61%
Royal Oak, MI $1,218.0 -2.56% $1,697.0 -1.79%
Troy, MI $1,323.0 1.22% $1,504.0 2.80%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.