Niles, MI Rental Market Trends
Last updated: November 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Niles is $935, a 5.25% increase compared to the previous year, when the average rent was $888.
Studio Apartments at $616 offer the most budget-friendly option with 414 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 588 square feet for $781, balancing privacy and affordability.
Two-beedroom units at $1,096 offer 856 square feet, perfect for roommates or small families.
Average rent in Niles, MI
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $935 | 718 sq. ft. |
| Studio | $616 | 414 sq. ft. |
| 1 Bed | $781 | 588 sq. ft. |
| 2 Beds | $1,096 | 856 sq. ft. |
| 3 Beds | n/a | n/a |
Niles, MI rent trends
Rental prices in Niles, MI have increased by 5.25% over the past year. The average rent moved from $888 to $935.
What's the typical rent budget in Niles, MI?
The largest share of rentals in Niles, MI (74%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Niles, MI?
1,903 or 37% of the households in Niles, MI are renter-occupied while 3,219 or 63% are owner-occupied.
How Niles Compares to Other Cities
| City | Average Rent |
|---|---|
| Niles | $935 |
| Detroit | $1,316 |
| Ann Arbor | $2,010 |
| Grand Rapids | $1,564 |
| Lansing | $1,229 |
| East Lansing | $1,751 |
| Kalamazoo | $1,322 |
| Southfield | $1,384 |
| Ypsilanti | $1,271 |
| Farmington Hills | $1,473 |
| Westland | $1,164 |
| South Bend, IN | $1,343 |
| Mishawaka, IN | $1,314 |
| Elkhart, IN | $1,109 |
| St. Joseph, MI | $1,098 |
| La Porte, IN | $1,280 |
| Goshen, IN | $1,224 |
| Benton Harbor, MI | $955 |
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 Niles 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.