How many apartments are available in Palmer Woods on Rentable.co?

Rentable.co has over 88 apartments available near Palmer Woods.

What is the average rent for a studio apartment in Palmer Woods?

The average rent for a studio apartment near Palmer Woods is around $1,808 per month.

What is the average rent for a one-bedroom apartment in Palmer Woods?

The average rent for a one-bedroom apartment near Palmer Woods is around $1,105 per month.

What is the average rent for a two-bedroom apartment in Palmer Woods?

The average rent for a two-bedroom apartment near Palmer Woods is around $1,925 per month.

How many apartments are available in Highland Park, MI on Rentable.co?

Rentable.co has over 121 apartments available in Highland Park.

What is the average rent for a studio apartment in Highland Park, MI?

The average rent for a studio apartment in Highland Park is around $920 per month.

What is the average rent for a one-bedroom apartment in Highland Park, MI?

The average rent for a <a href='/highland-park-mi/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Highland Park is around $1,100 per month.

What is the average rent for a two-bedroom apartment in Highland Park, MI?

The average rent for a <a href='/highland-park-mi/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Highland Park is around $1,160 per month.

How expensive is it to rent an apartment in Highland Park, MI?

For a two-bedroom apartment in Highland Park, the average rent price is $1,160 per month, which is lower than the national average of $1,640 per month.

Can I afford an apartment for rent in Highland Park, MI?

Based on average rent prices in Highland Park, to afford a studio apartment you would need an annual household income of $37,000 to live comfortably.

Apartments in Palmer Woods Highland Park

Highland Park:
May Rent Report

Welcome to the May 2026 Highland Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Highland Park rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Highland Park 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 Highland Park average rent prices in the chart below.

Monthly Rent Report

$1,350

$1,010

$680

$340

Jun. 2025

Jul. 2025

Aug. 2025

Sep. 2025

Oct. 2025

Nov. 2025

Dec. 2025

Jan. 2026

Feb. 2026

Mar. 2026

Apr. 2026

May. 2026

1 BR 2 BR

Highland Park Rent Prices Decrease From April to May

Highland Park rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Highland Park one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Highland Park experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Highland Park two-bedroom apartments currently stands at $.

May Prices: Highland Park vs. Surrounding Areas

Rent Prices in Highland Park and Surrounding Areas

Rent prices have decreased in Highland Park 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 Highland Park 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 Highland Park suburbs
Rents did not decrease in any of the Highland Park suburbs.

May 2026 Pricing Trends: Highland Park vs. National Comparisons

Highland Park Rent Prices More Affordable Than Major Cities

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

The price for a Highland Park 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 Highland Park and surrounding area rent prices, take a look at the complete data set below.

Data set for Highland Park 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.