Novi, MI Rental Market Trends
What is the average rent in Novi?
The average rent for an apartment in Novi is $1,530. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Novi, MI
|Average Rent||Average Apartment Size|
|$1,530||1,002 sq. ft.|
What is the average apartment size in Novi?
The average size for a Novi, MI apartment is 1,002 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.
Novi, MI apartment rent ranges
Novi, MI Occupied Housing Units
8,768 or 33% of the households in Novi, MI are renter-occupied while 17,516 or 67% are owner-occupied.
Novi, MI rent trends
Average Rent in Novi, MI By Neighborhood
|Village Of Clarkston||$1,468|
|Orchard Lake Village||$1,168|
What are the most affordable neighborhoods in Novi?
The most affordable neighborhoods in Novi are Hazel Park, where the average rent goes for $776/month, Pontiac, where renters pay $1,030/mo on average, and Lake Orion, where the average rent goes for $1,074/mo. If you’re looking for other great deals, check out the listings from Madison Heights ($1,101), Wixom ($1,107), and South Lyon ($1,130), where the asking prices are below the average Novi rent of $1,530/mo.
What are the most expensive neighborhoods in Novi?
What are the most popular neighborhoods in Novi?
The most popular neighborhood in Novi is Southfield, where there are 27 listings with an average rent of $1,279. Next up is Farmington Hills, where apartments go for $1,405/month, followed by Pontiac with $1,030 If you’re looking to rent in Novi’s most popular neighborhoods, make sure to also check out Rochester Hills, where renters pay $1,549 on average, and Royal Oak, where the average monthly rent is $1,465.
Novi | Rent Comparison by Neighborhood
Rent in Auburn Hills is 27% higher than in Berkley
Auburn Hills rent is 2% lower than Novi average
Berkley rent is 23% lower than Novi average
How Novi Compares to Other Cities
What is the average price for a storage unit in Novi?
The average rent for a non-climate-controlled 10'x10' storage unit in Novi is $137.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.