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Rental prices in Downtown Detroit, Detroit, MI have decreased by 8.39% over the past year. The average rent moved from $1,249 to $1,144.
Check out the average rent in Detroit.
The national average price of rental apartments is $1,741, while the average monthly rent in Downtown Detroit, Detroit, MI is $1,144.
The average monthly rent for an apartment in Downtown Detroit, Detroit, MI is around $1,144.
A share of 40% of apartments in Downtown Detroit, Detroit, MI have the cheapest rents between ≤ $1000. Around 44% of Downtown Detroit's apartments have monthly rents between $1,001-$1,500. There are 16% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Downtown Detroit, Detroit, MI (44%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average Downtown Detroit, Detroit, MI studio apartment size is 434 sq. ft.
Studio apartments in Downtown Detroit, Detroit, MI tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
In total, Downtown Detroit, Detroit, MI has 10,483 residents, 4,401 women and 6,081 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Detroit’s population is 33.
There is a total of 5,840 households in Downtown Detroit, Detroit, MI. Of these, 475 have children and 5,365 are without children. Per Census Bureau’s most current estimates, 1,241 family households and 4,599 non-family households live in this area. The size of a household in Downtown Detroit is 1.4 people, on average. The median household annual income in Downtown Detroit equals $56,046, and the monthly housing costs equal $1,282.
According to data from the U.S. Census Bureau, 3% of the population in Downtown Detroit, Detroit, MI have no high school education, 26% went to high-school, and 22% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 27% hold a Bachelor Degree, and 19% hold a Graduate Degree.
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