GITNUX MARKETDATA REPORT 2024
Statistics About The Average Rent In Detroit
The average rent in Detroit is $1,088 per month.
In this post, we will explore various statistics related to the average rent in Detroit. From considerations of rent control measures to specific neighborhood averages, income ratios, and trends, we will provide a comprehensive overview of the rental landscape in the city. Understanding these figures is crucial for both residents and potential renters looking to navigate Detroit’s rental market effectively.
Statistic 1
"Rent control measures are being considered to stabilize rising rents in Detroit."
Statistic 2
"In neighborhoods like Midtown Detroit, average rents can reach up to $1,400 per month."
Statistic 3
"Detroit's average rent is lower than the national average rent of $1,463 per month."
Statistic 4
"The average rental price per square foot in Detroit is $1.25."
Statistic 5
"The average rent for a four-bedroom house in Detroit is around $1,850 per month."
Statistic 6
"The year-over-year rent increase in Detroit is approximately 3%."
Statistic 7
"The average rent for a one-bedroom apartment in Detroit is around $1,000 per month."
Statistic 8
"Rent prices in Detroit have increased by 2.5% over the past year."
Statistic 9
"The area with the lowest average rent in Detroit is East English Village at around $800 per month."
Statistic 10
"An estimated 60% of Detroit residents are renters."
Statistic 11
"The average rent for a two-bedroom apartment in Detroit is approximately $1,250 per month."
Statistic 12
"Rent in Detroit for newly constructed apartments averages about $1,700 per month."
Statistic 13
"Corktown is another area with high average rental prices, approximately $1,500 per month."
Statistic 14
"The average rent for a condo in Detroit is around $1,300 per month."
Statistic 15
"Average rent for a studio apartment in Detroit is approximately $900 per month."
Statistic 16
"The average rent to income ratio in Detroit is about 35%."
Statistic 17
"The average rent for a three-bedroom apartment in Detroit is about $1,500 per month."
Statistic 18
"Downtown Detroit has some of the highest rental prices in the city, averaging around $1,600 per month."
Statistic 19
"Low-income housing in Detroit can have rents as low as $500 per month."
Statistic 20
"In Detroit, 30% of renters spend more than 50% of their income on rent."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
