Mount Pleasant, 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 Mount Pleasant, Michigan rental market.
Mount Pleasant, Michigan
Average Apartment Rent
$1,092
Y-o-Y Change in Average
Apartment Rent
-3%
As of March 2026
Compared to a year ago, Mount Pleasant, Michigan apartments have recorded a -3% rent decrease.
Mount Pleasant, Michigan Average apartment rent trend
Mount Pleasant, Michigan Average Apartment Rent
Mount Pleasant, Michigan Apartment rent ranges
At 47.98%, apartments priced Under $1,000 represent the bulk of Mount Pleasant, Michigan rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 0.93%.
Mount Pleasant, Michigan Housing tenure**
Renters take up 64% of Mount Pleasant, Michigan real estate, occupying a total of 4,905 units, while homeowners live in 2,760 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$28,114
Average household size of renter-occupied housing units**
2.07
Rental vacancy rate**
5.1%
Mount Pleasant, Michigan Renter-occupied housing units by no. of bedrooms**
There are 2,310 rentals in Mount Pleasant, Michigan with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 102 units. Overall, the median number of rooms in Mount Pleasant, Michigan homes for rent is 4.1.
Mount Pleasant, Michigan Renter-occupied units by age of householder**
Most condos for rent in Mount Pleasant, Michigan are occupied by residents in the 15 - 24 years age group (41%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Mount Pleasant, Michigan Renter-occupied housing units by family type**
Mount Pleasant, Michigan Renter-occupied housing units by the presence of own children**
A total of 1,348 apartments for rent in Mount Pleasant, Michigan, or 27% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 716 units. All in all, the median size of a renter-occupied household in Mount Pleasant, Michigan is 2.07.
Mount Pleasant, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Mount Pleasant, Michigan.
Mount Pleasant, Michigan Renter-occupied units by year structure built**
The highest share of Mount Pleasant, Michigan apartment rentals, namely 21% or 1,043 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (17%, 847 units), and the ones Built 1980 - 1989 (13%, 633 units).
Mount Pleasant, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Mount Pleasant, Michigan renters (53%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mount Pleasant, Michigan condos for rent is 2019.
Mount Pleasant, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Mount Pleasant, Michigan renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 15% have No vehicle available.
Mount Pleasant, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Mount Pleasant, 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 Mount Pleasant, 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
