Riverfront Towers
100-300 Riverfront Dr,
Detroit, MI 48226
$1,387 - $5,838
1-4 Beds
Rental Market Trends in Detroit, MI
What is the average rent in Detroit, MI?
$1,111/month
Average Rent
661 Sq Ft
Average Apartment Size
+0%
Increase in the Last Year
Detroit, MI Rental Market Overview
The average rent in Detroit, MI is $1,111 per month. This is 32% lower than the national average rent of $1,644/month, making renting in Detroit more affordable than most cities in the US.
- Studio apartments in Detroit average $1,066 per month.
- One-bedroom apartments in Detroit average $1,111 per month.
- Two-bedroom apartments in Detroit average $1,501 per month.
- Three-bedroom apartments in Detroit average $1,880 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average 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 Detroit, MI?
In the past year, rent has increased by 0%, which averages out to $1 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 June 2026
Legend
2025
2026
Rent Ranges in Detroit, MI
Last Updated June 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
23%
Below $700/month
33%
$700 - $1,000/month
26%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Detroit?
Based on current rent prices, North Detroit, Cody-Rouge and Mackenzie 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, Riverfront, Corktown and District 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 $1,111, you’ll want to make about $3,703 per month or $44,436 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 0.5% higher than the national average. Generally, housing in Detroit is 0.8% less expensive than the national average, with rent falling between $1,066 - $1,880. You can expect to pay 1.3% more for groceries, 1.1% less for utilities, and 4.9% 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.
Studio
$697/month
$1,958/month
One Bedroom
$671/month
$2,008/month
Two Bedroom
$794/month
$2,344/month
Three Bedroom
$1,323/month
$6,107/month
Nearby City Rent Trends
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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.