Riverfront Towers
100-300 Riverfront Dr,
Detroit, MI 48226
1-4 Beds | $1,409 - $6,104
Rental Market Trends in Detroit, MI
Updated August 2026
The average rent in Detroit, MI is $1,117/month.
Rent in Detroit is 33% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,117/month
Average Rent
660 Sq Ft
Average Size
+1.3%
Change / Year
3,179
Available Apartments
Detroit rent varies by unit size and layout:
- Studio apartments in Detroit average $1,086 per month.
- One-bedroom apartments in Detroit average $1,117 per month.
- Two-bedroom apartments in Detroit average $1,511 per month.
- Three-bedroom apartments in Detroit average $1,859 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Detroit, MI?
In the past year, rent has increased by 1.3%, which averages out to $15 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Detroit, MI
August 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
34%
$700 - $1,000/month
26%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Detroit?
Based on current rent prices, North Detroit, Cody-Rouge and Harmony Village are the most affordable neighborhoods in Detroit.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Detroit?
Based on current rent prices, Corktown, Riverfront and City Center Detroit are the most expensive neighborhoods in Detroit.
Neighborhood
Average Rent
Average Sq Ft
Which Detroit neighborhoods have the most rentals available?
The neighborhoods in Detroit with the most apartments available are Downtown Detroit, Midtown Detroit and City Center Detroit .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Detroit, MI?
Because the average rent in Detroit is $1,117, you’ll want to make about $3,723 per month or $44,676 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.
Cost of Living
The cost of living in Detroit, MI is 0.2% lower than the national average. Generally, housing in Detroit is 1.8% less expensive than the national average, with rent falling between $1,086 - $1,859. You can expect to pay 1.9% more for groceries, 1.4% less for utilities, and 3.5% more for transportation.
How does Detroit, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Detroit, 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.
View the Detroit Area GuideStudio
$698/month
$1,335/month
One Bedroom
$672/month
$1,665/month
Two Bedroom
$796/month
$2,224/month
Three Bedroom
$1,326/month
$2,648/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Detroit We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Detroit?
The average rent in Detroit is $1,117 per month, which is 32.8% lower than the national average of $1,663.
What is the average rent for a house in Detroit?
The average rent for a house in Detroit, MI is $1,407 per month.
What is the average rent for a townhome in Detroit?
The average rent for a townhome in Detroit, MI is $1,290 per month.
What is the average rent for a condo in Detroit?
The average rent for a condo in Detroit, MI is $1,391 per month.
Are rents going up or down in Detroit?
Rents in Detroit, MI are increasing, with prices up 1.3% year-over-year and $15 more per month.
What rent range is most common in Detroit?
In Detroit, MI, 34% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.