Innova
39500 Champion Cir,
Novi, MI 48377
1-3 Beds | $1,871 - $3,715
Rental Market Trends in Novi, MI
Updated September 2026
The average rent in Novi, MI is $1,408/month.
Rent in Novi is 15% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,408/month
Average Rent
787 Sq Ft
Average Size
+3.8%
Change / Year
609
Available Apartments
Novi rent varies by unit size and layout:
- Studio apartments in Novi average per month.
- One-bedroom apartments in Novi average $1,408 per month.
- Two-bedroom apartments in Novi average $1,867 per month.
- Three-bedroom apartments in Novi average $2,627 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
How much has average rent changed in Novi, MI?
In the past year, rent has increased by 3.8%, which averages out to $53 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Novi, MI
September 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
27%
$1,001 - $1,500/month
27%
$1,501 - $2,000/month
45%
Above $2,000/month
What salary do I need to live comfortably in Novi, MI?
Because the average rent in Novi is $1,408, you’ll want to make about $4,693 per month or $56,316 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.
How does Novi, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Novi, 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 Novi Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Northville
Avg Rent: $1,466/month
-
Wixom
Avg Rent: $1,069/month
-
Walled Lake
Avg Rent: $1,087/month
-
Wolverine Lake
Avg Rent: $1,133/month
-
Farmington
Avg Rent: $1,115/month
-
Farmington Hills
Avg Rent: $1,347/month
-
Commerce Township
Avg Rent: $1,762/month
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Frequently Asked Questions
What is the average rent in Novi?
The average rent in Novi is $1,408 per month, which is 15.4% lower than the national average of $1,665.
What is the average rent for a house in Novi?
The average rent for a house in Novi, MI is $2,369 per month.
Are rents going up or down in Novi?
Rents in Novi, MI are increasing, with prices up 3.8% year-over-year and $53 more per month.
What rent range is most common in Novi?
In Novi, MI, 45% of apartments fall above $2,000/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 September 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.