Highland Park, Wayne County, MI Rental Market Trends
Highlights
The average rent for an apartment in Highland Park is $749, a 2% increase compared to the previous year, when the average rent was $736.
Average Rent in Highland Park, Wayne County, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $749 | 2% | 839 sq. ft. |
The average size for a Highland Park, Wayne County, MI apartment is 839 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.
Highland Park, Wayne County, MI Apartment Rent Ranges
- < $5001%
- $501-$70047%
- $701-$1,00044%
- $1,001-$1,5008%
Highland Park, Wayne County, MI Occupied Housing Units
- Renter-occupied Households51%
- Owner-occupied Households48%
2,386 or 51% of the households in Highland Park, Wayne County, MI are renter-occupied while 2,233 or 48% are owner-occupied.
Highland Park, Wayne County, MI Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Highland Park, Wayne County, MI | $691 | $700 | $704 | $709 | $709 | $746 | $736 | $742 | $754 | $749 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Highland Park Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,082 | 5% |
| East Lansing | $1,294 | n/a |
| Detroit | $1,069 | 1% |
| Lansing | $880 | 3% |
| Ann Arbor | $1,580 | 3% |
| Southfield | $1,093 | 6% |
| Sterling Heights | $928 | 2% |
| Warren | $835 | 4% |
| Madison Heights | $934 | 3% |
| Royal Oak | $1,033 | 5% |
| Highland Park | $749 | 2% |
For more information about the Highland Park rental trends, check out our monthly rent report
Check out Michigan Cities, Michigan Neighborhoods and Michigan Zip Codes for more details on verified listings, including the Michigan Average Rent.
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