Greater Sterling 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 Greater Sterling Heights, Michigan rental market.
Greater Sterling Heights, Michigan
Average Apartment Rent
$1,483
Y-o-Y Change in Average
Apartment Rent
1.3%
As of March 2026
Compared to a year ago, Greater Sterling Heights, Michigan apartments have recorded a 1.3% rent increase.
Greater Sterling Heights, Michigan Average apartment rent trend
Greater Sterling Heights, Michigan Average Apartment Rent
Greater Sterling Heights, Michigan Apartment rent ranges
At 60.24%, apartments priced $1,000 - $1,500 represent the bulk of Greater Sterling Heights, Michigan rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.97%.
Greater Sterling Heights, Michigan Housing tenure**
Renters take up 24% of Greater Sterling Heights, Michigan real estate, occupying a total of 12,256 units, while homeowners live in 38,733 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$45,789
Average household size of renter-occupied housing units**
2.16
Rental vacancy rate**
5.3%
Greater Sterling Heights, Michigan Renter-occupied housing units by no. of bedrooms**
There are 4,667 rentals in Greater Sterling Heights, Michigan with 1 bed making up the highest share of the market, at 38%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 504 units. Overall, the median number of rooms in Greater Sterling Heights, Michigan homes for rent is 3.9.
Greater Sterling Heights, Michigan Renter-occupied units by age of householder**
Most condos for rent in Greater Sterling Heights, Michigan are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Greater Sterling Heights, Michigan Renter-occupied housing units by family type**
Greater Sterling Heights, Michigan Renter-occupied housing units by the presence of own children**
A total of 6,014 apartments for rent in Greater Sterling Heights, Michigan, or 49% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 2,892 units. All in all, the median size of a renter-occupied household in Greater Sterling Heights, Michigan is 2.16.
Greater Sterling Heights, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Greater Sterling Heights, Michigan.
Greater Sterling Heights, Michigan Renter-occupied units by year structure built**
The highest share of Greater Sterling Heights, Michigan apartment rentals, namely 25% or 3,008 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (21%, 2,593 units), and the ones Built 1960 - 1969 (20%, 2,485 units).
Greater Sterling Heights, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Greater Sterling Heights, Michigan renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Greater Sterling Heights, Michigan condos for rent is 2016.
Greater Sterling Heights, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Greater Sterling Heights, Michigan renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 17% have No vehicle available.
Greater Sterling Heights, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Greater Sterling 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 Greater Sterling 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
