Apartments in Shelby Town Center New Era

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$750 - 900
5582 S Oceana Dr
New Era, MI
1 - 2 BR | Available Now
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New Era:
February Rent Report

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

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

Monthly Rent Report

$950
$710
$480
$240
$0
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
1 BR       2 BR

New Era Rent Prices Decrease From January to February

New Era rent prices decreased over the last month. From January to February, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a New Era one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from January to February, New Era experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a New Era two-bedroom apartments currently stands at $.

February Prices: New Era vs. Surrounding Areas

Rent Prices in New Era and Surrounding Areas

Rent prices have decreased in New Era 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 New Era 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 New Era suburbs

  • Rents did not decrease in any of the New Era suburbs.

February 2026 Pricing Trends: New Era vs. National Comparisons

New Era Rent Prices More Affordable Than Major Cities

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

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

Data set for New Era and suburbs

1 BR February 1 BR M/M % Change 2 BR February 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.