Cheap Apartments for Rent in 48240

17 rentals

Apartments For Rent Near 48240

We found 30 more apartments matching your filters just outside 48240

Average Rent Trends in 48240

Rent in 48240 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Jun 2025$1,350
Jul 2025$1,550
Aug 2025$1,550
Sep 2025$1,475
Oct 2025$1,370
Nov 2025$1,450
Dec 2025$1,400
Jan 2026$1,350
Feb 2026$1,495
Mar 2026$1,500
Apr 2026$1,650
May 2026$1,600
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,295$1,650—$1,575
Apartments and Condos—$1,044——$1,044
Houses—$1,295$1,650—$1,577

Frequently Asked Questions about Rentals in 48240

  • What is the average rent of an apartment in 48240?
    The average rent of an apartment in 48240 is $1,080 per month. This is about 44% lower than the national average.
  • What is the average rent of a house in 48240?
    The average rent of a house in 48240 is $1,577 per month. This is about 18% lower than the national average.
  • When is the average rent cheapest in 48240?
    In the last year, the average rent in 48240 was lowest in Jun 2025 when it was $1,350 per month.
  • When is the average rent most expensive in 48240?
    In the last year, the average rent in 48240 was highest in Jul 2025 when it was $1,550 per month.
  • How many available rental listings are in 48240?
    There are 14 available rental listings in 48240.
  • What are some cities near 48240?
    Some nearby cities include: Redford, Livonia, Southfield, Farmington, Farmington Hills, Lathrup Village. These cities may have more rental options to explore.