According to the most recent data from Zillow, the average rent in Michigan for February 2020 is $1,150. With an averge apartment size of 1,169 sqft, the average price per square foot in Michigan is $0.984.
Compared to the national average of $1,650, Michigan rent costs -30.3% less. Read our analysis of rents by state to see how Michigan ranks.
Here's a look at how average rents have changed over time:
As you would expect, the median price for rent in Michigan increases as the number of bedrooms in the unit increases. Studios rent the cheapest in Michigan clocking in at $950, while a four bedroom rental will set you back $1,746 per month.
We think the best deal comes in the form of a two bedroom for $1,149 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $436/room/month.
Read on to find out more or for more on Michigan check out:
Michigan has experienced a $-50 change in rent over the past month going from $1,200 to $1,150. That change comes out to -4.2%.
For reference, the US national average rent changed $0 in the past month or 0.0%.
Here's a look at the month over month change for each month since 2010 for Michigan:
Over the past year, the average rent in Michigan changed $50 from $1,100 to $1,150. A change of $50 means that rents changed 4.5% in a year.
That compares to the US national change of $5 in the past year or 0.3%.
Here's a look at the year over year change by month since 2011 for Michigan: