Michigan Average Rent Rates Slow Down This Month

By Lexanna Sims, CBS Detroit

December 27, 2022

Rent prices were up in November 2022 for several states across the country, including Michigan, although the growth is starting to slow down, according to a study done by Rent.com,

Michigan's rent prices increased 8.61% from last year, with an average median rate of $1,321 a month.

For the city of Detroit, that spike was up 2.8% from last year, averaging $1,618 a month.

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