Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Highland Park, Wayne County, MI Rental Market Trends
What is the average rent in Highland Park?
The average rent for an apartment in Highland Park is $838, a 12% increase compared to the previous year, when the average rent was $749.
Average Rent in Highland Park, Wayne County, MI
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $838 | 12% | 839 sq. ft. |
What is the average apartment size in Highland Park?
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
- $501-$70034%
- $701-$1,00051%
- $1,001-$1,50014%
Highland Park, Wayne County, MI Occupied Housing Units
- Renter-occupied Households53%
- Owner-occupied Households46%
2,457 or 53% of the households in Highland Park, Wayne County, MI are renter-occupied while 2,126 or 46% are owner-occupied.
Highland Park, Wayne County, MI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Highland Park, Wayne County, MI | $709 | $709 | $746 | $736 | $742 | $754 | $749 | $791 | $818 | $838 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Highland Park Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,153 | 5% |
| Detroit | $1,123 | 4% |
| East Lansing | $1,299 | n/a |
| Lansing | $925 | 6% |
| Ann Arbor | $1,636 | 2% |
| Southfield | $1,103 | 1% |
| Farmington Hills | $1,187 | 1% |
| Rochester Hills | $1,264 | 6% |
| Royal Oak | $1,150 | 11% |
| Sterling Heights | $1,015 | 7% |
| Highland Park | $838 | 12% |
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Highland Park apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.