Property prices for rent in Detroit (Michigan)

The rent prices in real estate in Detroit, in the Michigan region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,287.17
Average price last 6 months
$6.06
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Detroit has had a strong fall during the last 6 months. In March, the average price per sq.feet was $13.36. In the following month the price per sq.feet fell considerably to $10.74. The price for the following two months in (May, June) had a considerable fall of 14 with regard to the previous two months. The price per sq.feet has had a considerable fall of 65 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $6.87 to $4.45 during July, and August.

Average price

When referring to the price in Detroit (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,271. In April This price remains at $1,259. During the following two months (May, June) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,473 they are 1 % more expensive than the average price for Detroit. Following this ranking we find those properties with 4 at an average price of $1,640. The properties with the highest average price have 2 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,710.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $7.41 / sq.feet price in Detroit. The properties with the most expensive average prices have 1 bedroom. They are 212 % more expensive than the average followed by properties with 2 bedrooms with a price at $10.63 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,473 it is 33 % more affordable than the average price in Detroit. "Villa" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,133 it is 47 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $1.01 / sq.feet. "Villa" is the most affordable type of property with a $4 / sq.feet value followed by "House" with an average price of $1.79 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Detroit
Number of properties used in region Michigan
$1,473
$7.41
6,838
51,424
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
3 Bedroom House Detroit Michigan
 27
3 Bedroom House Detroit Michigan
$58,064
Detroit, Michigan - For Sale - House - 83 sq.feet - 3 bedrooms - 2 bathrooms
Lid: us_42885705 this home is located in detroit michigan 48224. It has 3 bedrooms, 2 bathrooms. This 3 bedroom house in detroit michigan is for sale at 58064...
3 Bedroom Detached House Detroit Michigan For Sale At 58064
 27
3 Bedroom Detached House Detroit Michigan For Sale At 58064
$58,064
Detroit, Michigan - For Sale - Detached House - 83 sq.feet - 3 bedrooms - 2 bathrooms
Lid: usa_42885705 3 bedroom detached house in detroit michigan. Cette fantastique... De yorkshire woods, dans l'est de détroit. La maison n'est qu'à quatre minutes...
3 Bedroom, Detroit Michigan 48224
 27
3 Bedroom, Detroit Michigan 48224
$58,064
Detroit, Michigan - For Sale - House - 83 sq.feet - 3 bedrooms - 2 bathrooms
Une rue très bien entretenue du quartier de yorkshire woods, dans l'est de détroit... Quartier de yorkshire woods, juste à côté de morningside, un quartier de detroit...
6 Bedroom House Detroit Michigan
 16
6 Bedroom House Detroit Michigan
$57,724
Detroit, Michigan - For Sale - House - 184 sq.feet - 6 bedrooms - 2 bathrooms
Lid: us_42924956 this home is located in detroit michigan 48214. It has 6 bedrooms, 2 bathrooms. This 6 bedroom house in detroit michigan is for sale at 57724...
6 Bedroom Detached House Detroit Michigan For Sale At 57724
 16
6 Bedroom Detached House Detroit Michigan For Sale At 57724
$57,724
Detroit, Michigan - For Sale - Detached House - 184 sq.feet - 6 bedrooms - 2 bathrooms
Lid: usa_42924956 6 bedroom detached house in detroit michigan. Cette grande... Est de detroit, à cinq minutes et moins de deux miles de chandler park, une...