What's the average rent in Novi, MI?

Rental Market Trends in Novi, MI

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Novi, MI is $2,033 per month, which is 6% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,033

-7.6%-$167 decrease month-over-month

-8.3%-$184 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,746

HOUSES

$2,900

TOWNHOUSES

$1,900

As of May 2026, apartments are the most affordable rental option in Novi, MI at $1,746 per month, while houses are the most expensive at $2,900 per month. Townhomes average $1,900 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$1,800
3 Bedrooms	$2,556
4 Bedrooms	$3,400
All	$1,950

As of May 2026, the average rent for a 1 bedroom rental in Novi, MI is $1,250 per month, followed by $1,800 for a 2 bedroom rental, $2,556 for a 3 bedroom rental, and $3,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,580
3 Bedrooms	$2,400
4 Bedrooms	—
All	$1,900

As of May 2026, the average rent for a 2 bedroom townhome in Novi, MI is $1,580 per month, followed by $2,400 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,900
3 Bedrooms	$1,900
4 Bedrooms	$3,400
All	$1,900

As of May 2026, the average rent for a 1 bedroom apartment in Novi, MI is $1,200 per month, followed by $1,900 for a 2 bedroom apartment, $1,900 for a 3 bedroom apartment, and $3,400 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,800
3 Bedrooms	$2,800
4 Bedrooms	$3,900
All	$2,900

As of May 2026, the average rent for a 2 bedroom house in Novi, MI is $1,800 per month, followed by $2,800 for a 3 bedroom house, and $3,900 for a 4 bedroom house.