Cheap Apartments for Rent in 48240

26 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 Nov 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Dec 2025$1,400
Jan 2026$1,350
Feb 2026$1,495
Mar 2026$1,500
Apr 2026$1,650
May 2026$1,600
Jun 2026$1,625
Jul 2026$1,500
Aug 2026$1,600
Sep 2026$1,599
Oct 2026$1,599
Nov 2026$1,550
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Houses were the most affordable home type to rent compared with Apartments and Condos.
1 bed2 beds3 beds4 bedsAll
All home types—$1,350$1,500—$1,500
Apartments and Condos—$2,300$3,000—$2,300
Houses—$1,320$1,500—$1,500

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 $2,300 per month. This is about 19% higher than the national average.
  • What are the cheapest months to find an apartment to rent in 48240?
    Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,350 per month.
  • How many cheap apartments are available in 48240?
    There are 12 apartments to rent that are cheaper than the city’s average rent of $1,500.
  • 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.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 48240 - 67 Rentas | Trulia