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Rental Market Trends in Bessemer, MI

What is the average rent in Bessemer, MI?

$650/month

Average Rent

400 Sq Ft

Average Apartment Size

+5.3%

Increase in the Last Year

As of November 2025, the average rent in Bessemer, MI is $650 per month. This is 60% lower than the national average rent of $1,631/month, making renting in Bessemer more affordable than most cities in the US. When you rent an apartment in Bessemer, you can expect to pay about per month for a studio, $650 for a one-bedroom apartment, and around for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $926 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$650/month
400 Sq Ft
Three Bedroom
$926/month
815 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Bessemer, MI?

In the past year, rent has increased by 5.3%, which averages out to $35 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Bessemer, MI
Last Updated November 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Bessemer, MI
Percentage*
Rent Range
100% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Bessemer, MI?

Because the average rent in Bessemer is $650, you’ll want to make about $2,166 per month or $25,992 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Bessemer, MI

1 Available Apartments for Rent

Search for Nearby Apartments

How does Bessemer, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Bessemer, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment communities in Bessemer we think you'll love

210 N Sophie St

210 N Sophie St

210 N Sophie St,
Bessemer, MI 49911

$800

2 Beds

612 E McLeod Ave

612 E McLeod Ave

612 E McLeod Ave,
Ironwood, MI 49938

$750

1 Bed

408 N Albany St

408 N Albany St

408 N Albany St,
Ironwood, MI 49938

$730

2 Beds

919 Nightingale St

919 Nightingale St

919 Nightingale St,
Ironwood, MI 49938

$895

2 Beds

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United States Michigan Bessemer Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity