Rental Market Trends in Ovid, MI
What is the average rent in Ovid, MI?
$479/month
Average Rent
500 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
Ovid, MI Rental Market Overview
The average rent in Ovid, MI is $479 per month. This is 71% lower than the national average rent of $1,645/month, making renting in Ovid more affordable than most cities in the US.
- Studio apartments in Ovid average per month.
- One-bedroom apartments in Ovid average $479 per month.
- Two-bedroom apartments in Ovid average $942 per month.
- Three-bedroom apartments in Ovid average or more per month.
Data Updated: June 1, 2026
How much has average rent changed in Ovid, MI?
In the past year, rent has increased by 1.7%, which averages out to $9 more per month.
What salary do I need to live comfortably in Ovid, MI?
Because the average rent in Ovid is $479, you’ll want to make about $1,596 per month or $19,152 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Ovid?
The average rent in Ovid is $479 per month, which is 70.9% lower than the national average of $1,645.
Are rents going up or down in Ovid?
Rents in Ovid, MI are increasing, with prices up 1.7% year-over-year and $9 more per month.
What rent range is most common in Ovid?
In Ovid, MI, 50% of apartments fall below $700/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.