Rentometer, Inc. | Data as of 10/23/2025
Novi, Michigan offers a vibrant rental market that blends suburban comfort with convenient access to the greater Detroit metropolitan area. The city’s well‑planned neighborhoods feature a mix of modern apartment communities and charming single‑family homes, catering to professionals, families, and students alike. Residents enjoy close proximity to popular destinations such as the Twelve Oaks Mall, the scenic Novi Lakes, and a variety of parks and golf courses, creating a lifestyle that balances leisure and convenience.
Rental options in Novi range from efficient one‑bedroom apartments to spacious four‑plus‑bedroom houses, with prices typically spanning from the $1500s for modest units up to the $3500 range for larger homes. This breadth of offerings reflects the city’s diverse housing stock, which includes both contemporary apartment complexes equipped with amenities like fitness centers and pet‑friendly policies, as well as well‑maintained homes in family‑oriented subdivisions known for excellent schools and community services.
Because of its strategic location along major highways and public transit routes, Novi serves as an ideal base for commuters traveling to downtown Detroit or nearby business hubs. The city’s strong sense of community, combined with a variety of dining, shopping, and cultural attractions, makes it a desirable destination for renters seeking a balanced, upscale suburban experience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,603 | $1,499 | $1,021 - $2,523 | $1,252 - $1,983 |
| Apartment | 2 Bedroom | $2,011 | $1,968 | $1,110 - $2,925 | $1,659 - $2,402 |
| Apartment | 3 Bedroom | $2,744 | $2,765 | $1,899 - $3,495 | $2,333 - $3,106 |
| House | 2 Bedroom | $2,400 | $2,000 | $1,700 - $3,500 | $1,700 - $3,500 |
| House | 3 Bedroom | $2,558 | $2,600 | $1,250 - $3,600 | $2,400 - $2,800 |
| House | 4+ Bedroom | $3,561 | $3,500 | $300 - $5,500 | $3,200 - $3,950 |
In the current period, the average rent in Novi was
$1,604 for 1 Bedroom,
$2,027 for 2 Bedroom,
$2,607 for 3 Bedroom, and
$3,397 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.