Elk Rapids, MI rental market
What is the average rent in Elk Rapids, MI?
Last updated November 15, 2025
Rental market summary
The average rent for all bedrooms and all property types in Elk Rapids, MI is $1,250.
$1,250
-$867
-$850
6
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $800 to $3,250.
| Rent price | Number of rental properties |
|---|---|
| $700 | 2 |
| $800 | 2 |
| $1,200 | 1 |
| $1,700 | 1 |
| $1,800 | 1 |
| $2,000 | 1 |
| $2,100 | 1 |
| $3,200+ | 1 |
Average rent price over time
In the last year, rent has decreased by $850 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $800 | $3,250 |
| Feb | $1,400 | $3,250 |
| Mar | $900 | $1,800 |
| Apr | $2,200 | $1,800 |
| May | $2,200 | $1,800 |
| Jul | $3,200 | $2,500 |
| Aug | $1,800 | $2,500 |
| Sep | $2,000 | $2,100 |
| Oct | $1,900 | $1,995 |
| Nov | $1,200 | $1,900 |
| Dec | $2,100 | $1,800 |
Market temperature
The Elk Rapids, MI rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Elk Rapids, MI is 38% lower than the national average.
$1,250
$2,000
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Frequently asked questions
1. What is the average rent in Elk Rapids, MI?
The average rent in Elk Rapids, MI is $1,250.
2. What is the average rent for a studio apartment in Elk Rapids, MI?
The average rent for a studio apartment in Elk Rapids, MI is $800 per month.
3. What is the average rent for a two-bedroom apartment in Elk Rapids, MI?
The average rent for a two-bedroom apartment in Elk Rapids, MI is $1,800 per month.
4. What is the average rent for a three-bedroom apartment in Elk Rapids, MI?
The average rent for a three-bedroom apartment in Elk Rapids, MI is $2,100 per month.
5. How much does it cost to rent a house in Elk Rapids, MI?
Houses in Elk Rapids, MI rent between $800 - $3,250 with an average rent of $1,250.
6. How has the rent in Elk Rapids, MI changed in the last year?
In the last year, the rent in Elk Rapids, MI decreased by $850
7. How much has the rent in Elk Rapids, MI increased/decreased in the last month?
In the last month, the rent in Elk Rapids, MI decreased by $867
8. How many available rentals are there in Elk Rapids, MI?
There are currently 6 rentals available in Elk Rapids, MI.
9. How do rent prices in Elk Rapids, MI compare with the national average?
The average rent in Elk Rapids, MI is $1,250 — 37.5% lower the national average of $2,000.