How many apartments are available in 48529 on Rentable.co?
Rentable.co has 4 apartments available for rent in 48529.
What is the average rent for an apartment in 48529?
The average rent for an apartment in 48529 is around $1,530 per month.
What is the average rent for a two-bedroom apartment in 48529?
The average rent for a two-bedroom apartment in 48529 is around $1,499 per month.
Find an Apartment in 48529
Looking for apartments for rent in the 48529 zip code in Burton, MI? Look no further! Right now, there are 22 units available for rent in this area on Rentable. The average rent in 48529 is $1,530, with 2-bedroom units starting at $850.
Ready to find your next rental? Take a look at Rentable's apartments near 48529 Burton, MI and discover the one that perfectly matches what you're looking for.
Burton: May Rent Report
Welcome to the May 2024 Burton 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 Burton rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Burton 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
Burton average rent prices in the chart below.
Monthly Rent Report
$1,550
$1,160
$780
$390
$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 BR2 BR
Burton Rent Prices Increase From April to May
Burton rent prices increased over the last month. From April to May, the city experienced a 12.34% increase for the price of a one-bedroom apartment. The rent price for a Burton one-bedroom apartments currently stands at $965.0.
When we take a look at the two-bedroom comparison from April to May, Burton experienced a 5.19% increase for the price of a two-bedroom apartment. The rent price for a Burton two-bedroom apartments currently stands at $1,500.0.
May Prices: Burton vs. Surrounding Areas
Rent Prices in Burton and Surrounding Areas
Rent prices have increased in Burton over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Burton suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Burton suburbs
Rents did not decrease in any of the Burton suburbs.
May 2024 Pricing Trends: Burton vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent
Burton Rent Prices More Affordable Than Major Cities
Rent growth in Burton 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, Burton average rent prices appear to be
relatively affordable for local residents.
The price for a Burton 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 Burton and surrounding area rent prices, take a look at the complete data set below.
Data set for Burton and suburbs
1 BR May
1 BR M/M % Change
2 BR May
2 BR M/M % Change
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.