Palmer Park, Detroit, MI Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Palmer Park is $959, a 3.18% increase compared to the previous year, when the average rent was $930.
One-bedroom apartments provide 794 square feet for $836, balancing privacy and affordability.
Two-beedroom units at $1,071 offer 1,225 square feet, perfect for roommates or small families.
Average rent in Palmer Park, Detroit, MI
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $959 | 1,020 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $836 | 794 sq. ft. |
| 2 Beds | $1,071 | 1,225 sq. ft. |
| 3 Beds | n/a | n/a |
Palmer Park, Detroit, MI rent trends
Rental prices in Palmer Park, Detroit, MI have increased by 3.18% over the past year. The average rent moved from $930 to $959.
What's the typical rent budget in Palmer Park, Detroit, MI?
The largest share of rentals in Palmer Park, Detroit, MI (87%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Palmer Park, Detroit, MI?
2,049 or 40% of the households in Palmer Park, Detroit, MI are renter-occupied while 3,117 or 60% are owner-occupied.
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Palmer Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.