Long-term Rental Rates — June 2026 · ZIPs: 48114,48116,48377
Local market data by Estaite
As of June 2026, rental prices in Novi / Livingston County, MI range from $1,294 to $2,623 per month depending on property type and bedroom count.
The most significant year-over-year change is a 9.48% increase for 2BR condo/townhome rents in Novi / Livingston County, MI.
For 2BR units, condos/townhomes have a median rent of $1,987 compared to apartments at $1,603.
What is the overall rent range in Novi / Livingston County, MI as of June 2026?
In June 2026, rents in Novi / Livingston County, MI span from $1,294 per month for 1BR apartments up to $2,623 per month for 4BR condo/townhomes.
Which property and bedroom combination is the most expensive to rent in Novi / Livingston County, MI?
The most expensive option is a 4BR condo/townhome, with a median rent of $2,623 as of June 2026.
How much more do condos cost than apartments for the same number of bedrooms in Novi / Livingston County, MI?
For 2BR units, condo/townhome rents are $384 higher than apartments ($1,987 vs $1,603), and for 4BR units, condos/townhomes cost $192 more than apartments ($2,623 vs $2,431).
Is there a segment with an unusual rent number in Novi / Livingston County, MI?
The 2BR condo/townhome segment stands out with a 9.48% year-over-year increase, the highest annual growth rate among all property types and bedroom counts.
Novi / Livingston County, MI
June 2026
48114,48116,48377
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,242 – $1,346
1.19%
3.58%
2-Bedroom
$1,523 – $1,683
1.24%
3.24%
3-Bedroom
$2,092 – $2,242
1.22%
3.38%
4-Bedroom
$2,389 – $2,509
1.39%
5.24%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,346 – $1,406
3.04%
4.60%
2-Bedroom
$1,918 – $2,057
1.83%
9.48%
3-Bedroom
$2,328 – $2,482
0.29%
4.92%
4-Bedroom
$2,545 – $2,720
1.84%
4.02%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,415 – $1,471
1.53%
5.07%
2-Bedroom
$1,647 – $1,756
1.53%
3.98%
3-Bedroom
$2,209 – $2,355
1.45%
3.64%
4-Bedroom
$2,513 – $2,658
1.35%
3.52%
Data updated: July 19, 2026
In the Novi / Livingston County (48114, 48116, 48377) rental market, 2-bedroom condo/townhome units recorded a 6.87% month-over-month increase, with median rents rising to $1,954 in April 2026. This segment posted the biggest monthly gain among all tracked property types and bedroom counts for this period.
Median rents in Novi / Livingston County (48114, 48116, 48377) reached $2,093 for 3-bedroom apartments, coming in $49 below comparable single-family homes at $2,142. This illustrates how single-family properties command a modest premium over similarly sized apartment units in this submarket.
Among notable developments, Novi / Livingston County (48114, 48116, 48377) rental trends reveal that 1-bedroom apartments experienced a 7.47% year-over-year jump, reaching a median rent of $1,316. This growth exceeded annual changes for 1BR condo/townhome and single-family segments.