Madison Heights, MI Rental Market Trends
What is the average rent in Madison Heights?
The average rent for an apartment in Madison Heights is $971, a 2% increase compared to the previous year, when the average rent was $948.
Average Rent in Madison Heights, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$971||2%||824 sq. ft.|
What is the average apartment size in Madison Heights?
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
6,007 or 45% of the households in Madison Heights, MI are renter-occupied while 7,179 or 54% are owner-occupied.
Madison Heights, MI Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Aug / 2021|
How Madison Heights Compares to Other Cities
|Average Rent||Y-o-Y Change|