Madison Heights, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Madison Heights, Michigan rental market.
Madison Heights, Michigan
Average Apartment Rent
$1,219
Y-o-Y Change in Average
Apartment Rent
4.2%
As of March 2026
Compared to a year ago, Madison Heights, Michigan apartments have recorded a 4.2% rent increase.
Madison Heights, Michigan Average apartment rent trend
Madison Heights, Michigan Average Apartment Rent
Madison Heights, Michigan Apartment rent ranges
At 75.57%, apartments priced $1,000 - $1,500 represent the bulk of Madison Heights, Michigan rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 7.87%.
Madison Heights, Michigan Housing tenure**
Renters take up 38% of Madison Heights, Michigan real estate, occupying a total of 5,051 units, while homeowners live in 8,408 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$48,634
Average household size of renter-occupied housing units**
1.79
Rental vacancy rate**
6.5%
Madison Heights, Michigan Renter-occupied housing units by no. of bedrooms**
There are 2,313 rentals in Madison Heights, Michigan with 1 bed making up the highest share of the market, at 46%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 99 units. Overall, the median number of rooms in Madison Heights, Michigan homes for rent is 3.9.
Madison Heights, Michigan Renter-occupied units by age of householder**
Most condos for rent in Madison Heights, Michigan are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Madison Heights, Michigan Renter-occupied housing units by family type**
Madison Heights, Michigan Renter-occupied housing units by the presence of own children**
A total of 1,634 apartments for rent in Madison Heights, Michigan, or 32% of all rentals are family households. Additionally, 13% of rental homes include children under the age of 18 – that’s 664 units. All in all, the median size of a renter-occupied household in Madison Heights, Michigan is 1.79.
Madison Heights, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Madison Heights, Michigan.
Madison Heights, Michigan Renter-occupied units by year structure built**
The highest share of Madison Heights, Michigan apartment rentals, namely 28% or 1,438 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (25%, 1,258 units), and the ones Built 1950 - 1959 (18%, 888 units).
Madison Heights, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Madison Heights, Michigan renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Madison Heights, Michigan condos for rent is 2017.
Madison Heights, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Madison Heights, Michigan renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 12% have No vehicle available.
Madison Heights, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Madison Heights, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Madison Heights, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
