Living in 48204
Detroit, known as "The Motor City" because it is the center of the automobile industry in America, is the epitome of urban renewal and a city with a rich history and diverse culture. From the iconic Motown Museum to the beautiful Belle Isle Park, Detroit boasts a treasure trove of cultural and historical landmarks like the Detroit Institute of Arts, which features a collection of more than 65,000 works of art or attending a performance at the Detroit Symphony Orchestra, one of the top orchestras in the country.
Sports enthusiasts will find a city that loves competition, home to the Detroit Lions (NFL), Detroit Red Wings (NHL), and the Detroit Tigers (MLB). Outdoor adventurers will love the city's abundance of parks and recreational areas, including the Detroit RiverWalk and Milliken State Park. Detroit is also a hub for innovative events and festivals, including the Detroit Jazz Festival, the North American International Auto Show, and the Detroit Restaurant Week.
Its thriving nightlife, diverse communities, and world-class museums and cultural attractions make Detroit a great place to live.
Detroit, MI
As of April 2025, Detroit's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Detroit's average rent is 8.4% ($115) lower than the Michigan average of $1,376 and 29.5% ($527) lower than the U.S. average of $1,788.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,110 | 3.2% ($34) | 52.9% ($384) |
| 2 Beds | $1,451 | 6.7% ($91) | 58.1% ($533) |
| 3 Beds | $1,859 | 3% ($55) | 52.6% ($641) |
| Nearby Cities | Average Rent | Avg. Rent vs. DetroitAverage Rent vs. Detroit | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Hamtramck | $741 | 41.2% ($520) | 39 days |
| Highland Park | $1,020 | 19.1% ($241) | 40 days |
| River Rouge | $860 | 31.8% ($401) | 35 days |
| Dearborn | $1,226 | 2.8% ($35) | 37 days |
| Melvindale | $1,144 | 9.3% ($117) | 35 days |
Explore rental prices, market trends, and availability in Detroit, MI.
