Apartments in Duneland Beach Michigan City

1 - 2 of 2 Results
12
$1,088
9801 US 12
Michigan City, IN
3 BR | Ask for Availability
Contact
House
Balcony/Deck/Patio
Dishwasher
21
$1,580
Long Beach Cove Villa Apartments
1000 Longbeach Ln Michigan City, IN
3 BR | Jul. 12, 2024
Contact
Furnished
Dog Friendly
Cat Friendly
Fitness Center
Storage
1 - 2 of 2 Results
  1. Home
  2. Michigan City
  3. Duneland Beach

Michigan City:
May Rent Report

Welcome to the May 2024 Michigan City 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 Michigan City rental landscape.

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

Monthly Rent Report

$1,200
$900
$600
$300
$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

Michigan City Rent Prices Increase From April to May

Michigan City rent prices increased over the last month. From April to May, the city experienced a 2.55% increase for the price of a one-bedroom apartment. The rent price for a Michigan City one-bedroom apartments currently stands at $843.0.

When we take a look at the two-bedroom comparison from April to May, Michigan City experienced a 0.2% increase for the price of a two-bedroom apartment. The rent price for a Michigan City two-bedroom apartments currently stands at $997.0.

May Prices: Michigan City vs. Surrounding Areas

Portage, IN
Merrillville, IN
Valparaiso, IN
LaPorte, IN
Michigan City, IN
Gary, IN
$1,425
$1,360
$1,098
$852
$822
$798
$0
$500
$1,000
$1,500
$2,000
Median 1 BR Rent

Rent Prices in Michigan City and Surrounding Areas

Rent prices have increased in Michigan City over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Michigan City 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 Merrillville, IN, Valparaiso, IN, LaPorte, IN .

  • Rent decreased in Gary, IN, Portage, IN.

  • 4 suburbs are currently priced higher than the city of Michigan City.

  • 1 suburb is currently priced lower than the city of Michigan City.

May 2024 Pricing Trends: Michigan City vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Michigan City, IN
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$822
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Michigan City Rent Prices More Affordable Than Major Cities

Rent growth in Michigan City 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, Michigan City average rent prices appear to be relatively affordable for local residents.

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

Data set for Michigan City and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Merrillville, IN $1,360.0 0.30% $1,333.0 0.30%
Valparaiso, IN $1,098.0 0.73% $1,275.0 0.32%
Michigan City, IN $822.0 1.36% $995.0 0.00%
Gary, IN $798.0 -4.55% $941.0 0.11%
Portage, IN $1,425.0 -1.72% $1,649.0 -0.48%
LaPorte, IN $852.0 4.03% $975.0 0.31%

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.