Apartments in 48223

1 - 10 of 10 Results
13
$875
12086 W Outer Dr Detroit, MI
3 BR | Available Now
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House
27
$797 - 2,385
1501 North Shore Drive East Lansing, MI
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
9
$625 - 855
12870 W Outer Dr Detroit, MI
Studio - 2 BR | Available Now
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11
$700
Detroit, MI
1 BR | Ask for Availability
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20
$900
15350 Stout St Detroit, MI
3 BR | Ask for Availability
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House
Air Conditioning
In Unit Laundry
Dishwasher
Minock Park
6
$850
Detroit, MI
2 BR | Available Now
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Heat Included
Section 8
Air Conditioning
Disability Access
8
$1,350
Detroit, MI
4 BR | Available Now
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House
Storage
Minock Park
1
$700
Detroit, MI
1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Section 8
$600
Detroit, MI
Studio | Available Now
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$1,400
Detroit, MI
3 BR | Available Now
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House
Balcony/Deck/Patio
Dishwasher
Minock Park
1 - 10 of 10 Results
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How much does it cost to rent an apartment in 48223?

48223 apartments
Bed Type Average Rent Range
Studio $820 $600 - $850
1BR $760 $700 - $1,160
2BR $1,270 $850 - $1,360
3BR $900 $880 - $1,400
Find an Apartment in 48223
If you're in the market for an apartment in Detroit, MI, specifically in the 48223 zip code, Rentable has you covered. Currently, there are 16 apartments for rent in 48223. The average rent for these units is $780. If you're looking for a studio unit, you can find one starting at $625.

48223 is home to two popular neighborhoods, Eliza Howell and Minock Park. These neighborhoods offer a great sense of community and are worth exploring if you're looking for a close-knit environment.

Whether you're searching for a cozy studio or a spacious three-bedroom apartment, Rentable has a variety of options available near 48223. Take a look at our listings and discover the perfect apartment for your needs.

Detroit:
April Rent Report

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

Detroit Rent Prices Decrease From March to April

Detroit rent prices decreased over the last month. From March to April, the city experienced a -2.91% decrease for the price of a one-bedroom apartment. The rent price for a Detroit one-bedroom apartments currently stands at $1,303.0.

When we take a look at the two-bedroom comparison from March to April, Detroit experienced a 2.36% increase for the price of a two-bedroom apartment. The rent price for a Detroit two-bedroom apartments currently stands at $1,085.0.

April Prices: Detroit vs. Surrounding Areas

Troy, MI
Detroit, MI
Royal Oak, MI
Farmington Hills, MI
Clinton Township, MI
Southfield, MI
Sterling Heights, MI
Madison Heights, MI
$1,353
$1,342
$1,249
$1,151
$1,151
$1,145
$1,088
$1,006
$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 4 of the Detroit suburbs increased last month. On the other hand, 3 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, Royal Oak, MI, Sterling Heights, MI .

  • Rent decreased in Farmington Hills, MI, 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.

April 2024 Pricing Trends: Detroit vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Detroit, MI
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,342
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Detroit, MI $1,342.0 -1.32% $1,060.0 1.15%
Farmington Hills, MI $1,151.0 0.00% $1,578.0 -0.06%
Clinton Township, MI $1,151.0 2.04% $1,421.0 3.65%
Madison Heights, MI $1,006.0 0.10% $1,121.0 -0.09%
Southfield, MI $1,145.0 -1.38% $1,443.0 -0.21%
Royal Oak, MI $1,249.0 0.56% $1,719.0 3.62%
Troy, MI $1,353.0 -1.10% $1,449.0 -0.41%
Sterling Heights, MI $1,088.0 5.12% $1,379.0 0.22%

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.