What's the average rent in Novi, MI?

Rental Market Trends in Novi, MI

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Novi, MI is $2,250 per month, which is 16% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,250

-2.2%-$50 decrease month-over-month

7.1%$150 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,947

HOUSES

$3,300

TOWNHOUSES

$2,450

As of September 2026, apartments are the most affordable rental option in Novi, MI at $1,947 per month, while houses are the most expensive at $3,300 per month. Townhomes average $2,450 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,343
2 Bedrooms	$1,900
3 Bedrooms	$2,750
4 Bedrooms	$3,595
All	$2,250

As of September 2026, the average rent for a 1 bedroom rental in Novi, MI is $1,343 per month, followed by $1,900 for a 2 bedroom rental, $2,750 for a 3 bedroom rental, and $3,595 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,895
3 Bedrooms	$2,450
4 Bedrooms	$3,600
All	$2,450

As of September 2026, the average rent for a 2 bedroom townhome in Novi, MI is $1,895 per month, followed by $2,450 for a 3 bedroom townhome, and $3,600 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$2,200
3 Bedrooms	$3,000
4 Bedrooms	$3,600
All	$2,216

As of September 2026, the average rent for a 1 bedroom apartment in Novi, MI is $1,200 per month, followed by $2,200 for a 2 bedroom apartment, $3,000 for a 3 bedroom apartment, and $3,600 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,500
3 Bedrooms	$2,750
4 Bedrooms	$3,595
All	$3,300

As of September 2026, the average rent for a 2 bedroom house in Novi, MI is $1,500 per month, followed by $2,750 for a 3 bedroom house, and $3,595 for a 4 bedroom house.