Michigan Rental Market

The rental market in Michigan is 26.2% of the total housing units. The average rent is $444, with the majority of rentals being located in urban and suburban areas. Rentals are on the increase, with the building of condos, golf communities and duplexes being on the rise statewide. Rentals with small units, such as condos and townhouses are on the rise, while multi-level and high rise apartments are on the decline.