Elevation Apartments
3595 Jolly Oak Rd,
Okemos, MI 48864
$1,440 - $2,946
Studio - 3 Beds
Rental Market Trends in Okemos, MI
What is the average rent in Okemos, MI?
$1,303/month
Average Rent
685 Sq Ft
Average Apartment Size
+3.3%
Increase in the Last Year
As of October 2025, the average rent in Okemos, MI is $1,303 per month. This is 20% lower than the national average rent of $1,630/month, making renting in Okemos more affordable than most cities in the US. When you rent an apartment in Okemos, you can expect to pay about $1,444 per month for a studio, $1,303 for a one-bedroom apartment, and around $1,630 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,260 or more.
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Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
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Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Okemos, MI?
In the past year, rent has increased by 3.3%, which averages out to $43 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 October 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Okemos?
Based on current rent prices, Forest Hills and Meridian Township/Okemos" are the most affordable neighborhoods in Okemos.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Okemos?
Based on current rent prices, Meridian Township/Okemos and Forest Hills" are the most expensive neighborhoods in Okemos.
Neighborhood
Average Rent
Average Sq Ft
Which Okemos neighborhoods have the most rentals available?
The neighborhoods in Okemos with the most apartments available are Meridian Township/Okemos and Forest Hills" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Okemos, MI?
Because the average rent in Okemos is $1,303, you’ll want to make about $4,343 per month or $52,116 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 Okemos, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Okemos, 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
-
$1,444/month
One Bedroom
-
$1,204/month
Two Bedroom
-
$1,451/month
Three Bedroom
-
$2,239/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 September 2025.
* Percentages may not total 100 due to rounding.