Apartments in 48216

1 - 10 of 10 Results

12

$825 - 1,100

The Barbara Apartments

Deal

512 W Grand Blvd Detroit, MI

Studio - 1 BR | Available Now

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Dog Friendly

Cat Friendly

Hubbard-Richard

16

$900 - 1,050

Wabash

2072 Wabash St Detroit, MI

Studio - 1 BR | Available Now

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Heat Included

Furnished

Virtual Tour

Air Conditioning

Storage

14

$3,215

Condo

1511 W Fisher Fwy Detroit, MI

3 BR | Ask for Availability

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House

Air Conditioning

In Unit Laundry

Southwestern

9

$1,400

430-432 W Grand Blvd

Detroit, MI

3 BR | Available Now

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Hubbard-Richard

5

$1,475

2016 Wabash St Unit Upper

Detroit, MI

2 BR | Available Now

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Dog Friendly

Cat Friendly

Balcony/Deck/Patio

Storage

Corktown

Call for Pricing

Branch Lofts

Deal

1400 Michigan Ave Detroit, MI

2 BR | Available Now

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Dog Friendly

Cat Friendly

Air Conditioning

Corktown

1

$950

3135 Harrison

3135 Harrison St Detroit, MI

2 BR | Ask for Availability

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House

Briggs

10

$2,300

2000 Wabash St

Detroit, MI

4 BR | Available Now

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Dog Friendly

Cat Friendly

House

Surface Parking

Dishwasher

1

$1,000 - 1,350

1602-1721 Bagley St

Detroit, MI

1 BR | Available Now

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Dog Friendly

Cat Friendly

Air Conditioning

Storage

Dishwasher

9

$1,100

1939 25th St Apt B

Detroit, MI

1 BR | Available Now

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Dog Friendly

Cat Friendly

Air Conditioning

Disability Access

Dishwasher

1 - 10 of 10 Results

Home
Detroit
48216

Find an Apartment in 48216

Looking for apartments for rent in the 48216 zip code in Detroit, MI? Rentable has compiled some helpful information for you. Currently, there are 23 units available in this area. The average rent in 48216 is $1,100, with the lowest priced units starting at $850.

The 48216 zip code is home to several top neighborhoods including Corktown, Hubbard-Richard, and Southwestern. These neighborhoods offer a variety of amenities and attractions such as restaurants, shops, and historic sites.

If you're looking for apartments near 48216, Rentable has a wide selection of options for you to choose from. Whether you're seeking a cozy studio or a spacious three-bedroom, there are apartments in 48216 that cater to your needs. Take a look at Rentable's listings and discover your next rental in the 48216 area.

Detroit:
November Rent Report

Welcome to the November 2023 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2023 key findings and figures for the Detroit rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Detroit and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Detroit average rent prices in the chart below.

Monthly Rent Report

$1,500

$1,130

$750

$380

$0

Dec. 2022

Jan. 2023

Feb. 2023

Mar. 2023

Apr. 2023

May. 2023

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

1 BR 2 BR

Detroit Rent Prices Decrease From October to November

Detroit rent prices decreased over the last month. From October to November, the city experienced a -1.56% decrease for the price of a one-bedroom apartment. The rent price for a Detroit one-bedroom apartments currently stands at $1,384.0.

When we take a look at the two-bedroom comparison from October to November, Detroit experienced a -6.42% decrease for the price of a two-bedroom apartment. The rent price for a Detroit two-bedroom apartments currently stands at $1,225.0.

November Prices: Detroit vs. Surrounding Areas

Detroit, MI

Dearborn, MI

Troy, MI

Clinton Township, MI

Southfield, MI

Farmington Hills, MI

Sterling Heights, MI

Madison Heights, MI

$1,406

$1,332

$1,295

$1,209

$1,201

$1,171

$1,103

$1,005

$0

$500

$1,000

$1,500

$2,000

Median 1 BR Rent

Rent Prices in Detroit and Surrounding Areas

Rent prices have decreased in Detroit over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Detroit suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Farmington Hills, MI .
Rent decreased in Clinton Township, MI, Madison Heights, MI, Southfield, MI, Troy, MI, Sterling Heights, MI, Dearborn, MI.
7 suburbs are currently priced lower than the city of Detroit.

November 2023 Pricing Trends: Detroit vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Detroit, MI

Minneapolis, MN

Pittsburgh, PA

$3,958

$3,090

$2,495

$2,387

$1,857

$1,411

$1,406

$1,298

$1,133

$0

$1,300

$2,600

$3,900

$5,200

Median Rent

Detroit Rent Prices More Affordable Than Major Cities

Rent growth in Detroit over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Detroit average rent prices appear to be relatively affordable for local residents.

The price for a Detroit one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Detroit and surrounding area rent prices, take a look at the complete data set below.

Data set for Detroit and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Detroit, MI	$1,406.0	-1.40%	$1,309.0	-3.25%
Farmington Hills, MI	$1,171.0	0.52%	$1,624.0	-0.37%
Clinton Township, MI	$1,209.0	-3.51%	$1,421.0	-3.40%
Madison Heights, MI	$1,005.0	0.00%	$1,123.0	0.09%
Southfield, MI	$1,201.0	-0.25%	$1,515.0	-3.69%
Troy, MI	$1,295.0	-0.61%	$1,448.0	-0.82%
Sterling Heights, MI	$1,103.0	-1.34%	$1,379.0	-1.08%
Dearborn, MI	$1,332.0	-0.15%	$1,639.0	-1.33%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.