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Wednesday, July 25, 2018

Here's how much an average Detroit apartment costs by neighborhood

Posted By on Wed, Jul 25, 2018 at 10:24 AM

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There are few categories that Detroit ranks well in compared to most other major U.S. cities: one is rental prices.

In a recent monthly report by Zumper, Detroit ranked low on a list of cities with the most expensive rental markets in the nation, coming in at 97. The report showed no significant shifts in rental prices from June, and lists the median rent prices for Detroit one- and two-bedroom apartments as $610 and $620, respectively.

What's even more interesting is that Zumper has released an interactive map that allows you to browse Detroit neighborhoods by rental prices.

The median average for Detroit's Central Business District came at a pricey $1,025, but when compared to the cost of a one bedroom in cities like San Francisco or Boston, that's chump change. Meanwhile, neighborhoods like Corktown ($900 per month) and Near East Riverfront ($1,025 per month) have witnessed a jump in rental prices in recent years due to redevelopment. However, most of the neighborhoods surrounding the CBD remain modestly priced, with Greenfield and Rosa Parks neighborhoods coming in at the lowest with an average of $410 per month.

You can browse below to see how your neighborhood matches up compared to the rest of Detroit's neighborhoods.

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