Apartments in 48238

1 - 30 of 62 Results
18
$1,000
Detroit, MI
3 BR | Available Now
Contact
Storage
Disability Access
Russell Woods
5
$1,300
Detroit, MI
3 BR | Ask for Availability
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Storage
Disability Access
Russell Woods
4
$850
Detroit, MI
1 BR | Available Now
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Storage
Disability Access
18
$950
Detroit, MI
2 BR | Available Now
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Storage
Dishwasher
9
$925
Detroit, MI
2 BR | Available Now
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Dog Friendly
Cat Friendly
12
$750
Detroit, MI
1 BR | Available Now
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Dog Friendly
Cat Friendly
5
$1,200
Detroit, MI
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
4
$850
Detroit, MI
1 BR | Available Now
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Air Conditioning
Storage
Disability Access
Russell Woods
7
$725
Detroit, MI
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Russell Woods
25
$1,220
15775 Manor St Detroit, MI
3 BR | Ask for Availability
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House
17
$1,050
Detroit, MI
3 BR | Available Now
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House
37
$1,150 - 1,300
Detroit, MI
3 BR | Available Now
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House
Russell Woods
16
$850
Detroit, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$1,150
4253 W Buena Vista St Detroit, MI
3 BR | Ask for Availability
2
$850 - 1,150
3783 Tyler St Detroit, MI
1 - 3 BR | Available Now
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Storage
Russell Woods
15
$1,200
Detroit, MI
3 BR | Available Now
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House
Balcony/Deck/Patio
Storage
Dishwasher
12
$800
Detroit, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Russell Woods
8
$850
Detroit, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$850
Detroit, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
12
$1,099
1915 Ewald Circle Detroit, MI
3 BR | Available Now
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House
32
$1,150
15480 Muirland St Detroit, MI
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$1,100
Detroit, MI
3 BR | Ask for Availability
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1
$1,050
2200 Pasadena St Detroit, MI
3 BR | Ask for Availability
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1
$600 - 625
Detroit, MI
Studio - 1 BR | Ask for Availability
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2
$1,300
2301 La Belle St Lowr Detroit, MI
3 BR | Ask for Availability
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House
1
$800
Detroit, MI
2 BR | Ask for Availability
Contact
Russell Woods
12
$900
Detroit, MI
2 BR | Available Now
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Section 8
Surface Parking
Disability Access
26
$1,250
Detroit, MI
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
13
$850
Detroit, MI
2 BR | Available Now
Contact
Storage
Russell Woods
18
$800
Detroit, MI
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
1 - 30 of 62 Results
  1. Home
  2. Detroit
  3. 48238

How much does it cost to rent an apartment in 48238?

48238 apartments
Bed Type Average Rent Range
1BR $750 $630 - $850
2BR $850 $700 - $1,170
3BR $1,100 $800 - $1,300
4+BR $1,300 $1,100 - $1,300
Find an Apartment in 48238
Looking for apartments for rent in the 48238 zip code in Detroit, MI? Rentable has multiple units available for rent in this area, so you're sure to find one that suits your needs. The average rent in 48238 is $1,000, and the minimum rent for a 1-bedroom is $625.

In addition to the affordable housing options, the top neighborhoods in the 48238 area include Russell Woods. This neighborhood offers a vibrant community with nearby points of interest, parks, and amenities. Whether you're looking for a peaceful park to relax in or bustling attractions to explore, Russell Woods has something for everyone.

If you're interested in apartments near 48238 in Detroit, MI, be sure to check out Rentable's listings. With a variety of available units and the top neighborhoods in the area, you're bound to find the perfect place to call home. Don't miss out on this opportunity - start your search today and find your dream apartment in the 48238 area.

Detroit:
May Rent Report

Welcome to the May 2024 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Detroit Rent Prices Decrease From April to May

Detroit rent prices decreased over the last month. From April to May, the city experienced a -0.54% decrease for the price of a one-bedroom apartment. The rent price for a Detroit one-bedroom apartments currently stands at $1,296.0.

When we take a look at the two-bedroom comparison from April to May, Detroit experienced a 2.03% increase for the price of a two-bedroom apartment. The rent price for a Detroit two-bedroom apartments currently stands at $1,107.0.

May Prices: Detroit vs. Surrounding Areas

Troy, MI
Detroit, MI
Royal Oak, MI
Clinton Township, MI
Farmington Hills, MI
Sterling Heights, MI
Southfield, MI
Madison Heights, MI
$1,307
$1,303
$1,250
$1,170
$1,156
$1,142
$1,131
$1,008
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

Rent Prices in Detroit and Surrounding Areas

Rent prices have decreased 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 5 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 Farmington Hills, MI, Clinton Township, MI, Madison Heights, MI, Royal Oak, MI, Sterling Heights, MI .

  • Rent decreased in Southfield, MI, Troy, MI.

  • 1 suburb is currently priced higher than the city of Detroit.

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

May 2024 Pricing Trends: Detroit vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Detroit, MI
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,303
$1,300
$1,283
$1,178
$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 declining. 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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Detroit, MI $1,303.0 -2.91% $1,085.0 2.36%
Farmington Hills, MI $1,156.0 0.43% $1,587.0 0.57%
Clinton Township, MI $1,170.0 1.65% $1,465.0 3.10%
Madison Heights, MI $1,008.0 0.20% $1,121.0 0.00%
Southfield, MI $1,131.0 -1.22% $1,459.0 1.11%
Royal Oak, MI $1,250.0 0.08% $1,728.0 0.52%
Troy, MI $1,307.0 -3.40% $1,463.0 0.97%
Sterling Heights, MI $1,142.0 4.96% $1,409.0 2.18%

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.