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Rental Market Trends in Madison Heights, MI

What is the average rent in Madison Heights, MI?

$1,082/month

Average Rent

709 Sq Ft

Average Apartment Size

+5%

Increase in the Last Year

As of September 2025, the average rent in Madison Heights, MI is $1,082 per month. This is 34% lower than the national average rent of $1,640/month, making renting in Madison Heights more affordable than most cities in the US. When you rent an apartment in Madison Heights, you can expect to pay about $1,167 per month for a studio, $1,082 for a one-bedroom apartment, and around $1,346 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,706 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,167/month
512 Sq Ft
One Bedroom
$1,082/month
709 Sq Ft
Two Bedroom
$1,346/month
890 Sq Ft
Three Bedroom
$2,706/month
1,560 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,516/month
690 Sq Ft
Three Bedroom
$2,105/month
1,118 Sq Ft
Four Bedroom
$2,530/month
1,476 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 Madison Heights, MI?

In the past year, rent has increased by 5%, which averages out to $55 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Madison Heights, MI
Last Updated September 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Madison Heights, MI
Percentage*
Rent Range
6% Below $700/month
25% $700 - $1,000/month
56% $1,001 - $1,500/month
6% $1,501 - $2,000/month
6% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Madison Heights?

Based on current rent prices, Lexington Village is the most affordable neighborhood in Madison Heights.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lexington Village
$1,125/month
521 Sq Ft

What are the most expensive neighborhoods in Madison Heights?

Based on current rent prices, Lexington Village is the most expensive neighborhood in Madison Heights.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lexington Village
$1,125/month
521 Sq Ft

Which Madison Heights neighborhoods have the most rentals available?

The neighborhood in Madison Heights with the most apartments available is Lexington Village .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lexington Village
$1,125/month
521 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Madison Heights is $1,082, you’ll want to make about $3,606 per month or $43,272 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

Madison Heights, MI

358 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Madison Heights, 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.

Explore the Area Guide for Madison Heights, MI

Apartment Averages

Lexington Village

Madison Heights, MI

Lexington Village

Madison Heights, MI

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Royal Oak Average Rent
  • Hazel Park Average Rent
  • Clawson Average Rent
  • Ferndale Average Rent
  • Berkley Average Rent
  • Warren Average Rent
  • Center Line Average Rent

Apartment communities in Madison Heights we think you'll love

The Landings of Madison Heights

The Landings of Madison Heights

32650 Stephenson Hwy,
Madison Heights, MI 48071

$1,175 - $1,540

Studio - 2 Beds

Lexington Village

Lexington Village

32000 Concord Dr,
Madison Heights, MI 48071

$990 - $1,355

1-2 Beds

The Tremont

The Tremont

32500 Concord Dr,
Madison Heights, MI 48071

$1,135 - $1,500

Studio - 2 Beds

Elliott Park Apartments

Elliott Park Apartments

444 N Rochester Rd,
Clawson, MI 48017

$1,495 - $1,900

1-2 Beds

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United States Michigan Madison Heights 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity