Madison Heights, MI Rental Market Trends
The average rent for an apartment in Madison Heights is $934, a 3% increase compared to the previous year, when the average rent was $905.
Average Rent in Madison Heights, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$934||3%||824 sq. ft.|
The average size for a Madison Heights, MI apartment is 824 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.
Madison Heights, MI Apartment Rent Ranges
Madison Heights, MI Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
5,600 or 43% of the households in Madison Heights, MI are renter-occupied while 7,216 or 56% are owner-occupied.
Madison Heights, MI Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Madison Heights Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Madison Heights rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!