Berkley, MI Rental Market Trends
Highlights
The average rent for an apartment in Berkley is $921, a 4% increase compared to the previous year, when the average rent was $888.
Average Rent in Berkley, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $921 | 4% | 553 sq. ft. |
The average size for a Berkley, MI apartment is 553 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Berkley, MI Apartment Rent Ranges
- $701-$1,00083%
- $1,001-$1,50017%
Berkley, MI Occupied Housing Units
- Renter-occupied Households42%
- Owner-occupied Households57%
2,808 or 42% of the households in Berkley, MI are renter-occupied while 3,835 or 57% are owner-occupied.
Berkley, MI Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Berkley, MI | $828 | $828 | $877 | $877 | $877 | $878 | $888 | $888 | $896 | $921 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Berkley Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,082 | 5% |
| East Lansing | $1,294 | n/a |
| Detroit | $1,069 | 1% |
| Ann Arbor | $1,580 | 3% |
| Lansing | $880 | 3% |
| Southfield | $1,093 | 6% |
| Farmington Hills | $1,170 | 4% |
| Pontiac | $833 | 2% |
| Sterling Heights | $928 | 2% |
| Rochester Hills | $1,192 | 3% |
| Berkley | $921 | 4% |
For more information about the Berkley rental trends, check out our monthly rent report
Check out Michigan Cities, Michigan Neighborhoods and Michigan Zip Codes for more details on verified listings, including the Michigan Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!