Novi, MI rental market
Last updated August 29, 2025
Rental market summary
The average rent for all bedrooms and all property types in Novi, MI is $2,238.
$2,238
-$62
+$138
71
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $965 to $4,500.
| Rent price | Number of rental properties |
|---|---|
| $1,100 | 1 |
| $1,200 | 1 |
| $1,300 | 4 |
| $1,400 | 3 |
| $1,500 | 3 |
| $1,600 | 2 |
| $1,700 | 3 |
| $1,800 | 9 |
| $1,900 | 8 |
| $2,000 | 5 |
| $2,100 | 3 |
| $2,200 | 8 |
| $2,300 | 8 |
| $2,400 | 10 |
| $2,500 | 5 |
| $2,600 | 3 |
| $2,700 | 2 |
| $2,800 | 3 |
| $2,900 | 3 |
| $3,000 | 2 |
| $3,100 | 2 |
| $3,200 | 3 |
| $3,300 | 1 |
| $3,400 | 1 |
| $3,500 | 1 |
| $4,100 | 2 |
| $4,200 | 2 |
| $4,400 | 2 |
| $4,500+ | 2 |
Average rent price over time
In the last year, rent has increased by $138 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,912 | $2,300 |
| Feb | $2,150 | $2,200 |
| Mar | $2,100 | $2,200 |
| Apr | $1,999 | $2,100 |
| May | $1,830 | $2,250 |
| Jun | $1,906 | $2,199 |
| Jul | $1,950 | $2,102 |
| Aug | $2,050 | $2,300 |
| Sep | $2,081 | No data |
| Oct | $2,050 | No data |
| Nov | $2,250 | No data |
| Dec | $2,500 | No data |
Market temperature
The Novi, MI rental market temperature is COOL. 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 Novi, MI is 7% higher than the national average.
$2,238
$2,100
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Frequently asked questions
1. What is the average rent in Novi, MI?
The average rent in Novi, MI is $2,238.
2. How much does it cost to rent a house in Novi, MI?
Houses in Novi, MI rent between $965 - $4,500 with an average rent of $2,238.
3. How has the rent in Novi, MI changed in the last year?
In the last year, the rent in Novi, MI increased by $138
4. How much has the rent in Novi, MI increased/decreased in the last month?
In the last month, the rent in Novi, MI decreased by $63
5. How many available rentals are there in Novi, MI?
There are currently 71 rentals available in Novi, MI.
6. How do rent prices in Novi, MI compare with the national average?
The average rent in Novi, MI is $2,238 — 6.57% higher the national average of $2,100.