Cheap Apartments for Rent in 48203
48 rentals
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1-2 Beds
1 BathPalmer Lofts Apartments | 1291 W State Fair Palmer Loft Building Detroit Cir,
Highland Park, MI 48203
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Average Rent Trends in 48203
Rent in 48203 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Aug 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,100 |
| Oct 2025 | $1,200 |
| Nov 2025 | $1,200 |
| Dec 2025 | $1,200 |
| Jan 2026 | $1,200 |
| Feb 2026 | $1,200 |
| Mar 2026 | $1,200 |
| Apr 2026 | $1,200 |
| May 2026 | $1,100 |
| Jun 2026 | $1,100 |
| Jul 2026 | $1,250 |
| Aug 2026 | $1,175 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $900 | $1,000 | $1,300 | $1,475 | $1,194 |
| Townhomes | — | $1,194 | — | — | $1,194 |
| Apartments and Condos | $950 | $1,050 | $4,452 | $1,780 | $1,050 |
| Houses | — | $950 | $1,275 | $1,475 | $1,300 |
Frequently Asked Questions about Rentals in 48203
- What is the average rent of an apartment in 48203?The average rent of an apartment in 48203 is $922 per month. This is about 53% lower than the national average.
- When is the average rent cheapest in 48203?In the last year, the average rent in 48203 was lowest in Jan 2025 when it was $1,100 per month.
- When is the average rent most expensive in 48203?In the last year, the average rent in 48203 was highest in Mar 2025 when it was $1,200 per month.
- How many available rental listings are in 48203?There are 47 available rental listings in 48203.
- What are some cities near 48203?Some nearby cities include: Highland Park, Detroit, Hazel Park, Ferndale, Hamtramck, Royal Oak Township. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 48203 - 51 Rentas | Trulia