Long-term Rental Rates — August 2026 · ZIPs: 48114,48116,48377
Local market data by Estaite
As of August 2026, rental prices in Novi / Livingston County, MI range from $1,313 to $2,711 per month depending on property type and bedroom count.
The largest year-over-year increase was seen in 3-bedroom condo/townhomes, which rose 6.38%.
For 2-bedroom units, single-family homes command a median rent of $1,714, while apartments rent for $1,473 in the same bedroom category.
What is the overall rent range in Novi / Livingston County, MI as of August 2026?
As of August 2026, rents in Novi / Livingston County, MI range from $1,313 per month for a 1-bedroom apartment up to $2,711 for a 4-bedroom condo/townhome.
Which segment saw the sharpest month-over-month change in rents in Novi / Livingston County, MI?
The biggest month-over-month change was for 2-bedroom single-family homes, which increased by 4.50% from the previous month.
What is the most affordable property and bedroom combination for renters in Novi / Livingston County, MI?
The most affordable option is a 1-bedroom apartment, with a median rent of $1,313 per month as of August 2026.
In Novi / Livingston County, MI, for which bedroom count does one property type notably outperform the others in median rent?
For 2-bedroom units in August 2026, single-family homes surpass apartments with a median rent of $1,714 compared to $1,473.
Novi / Livingston County, MI
August 2026
48114,48116,48377
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,293 – $1,333
-0.55%
-0.37%
2-Bedroom
$1,414 – $1,532
-3.85%
-6.69%
3-Bedroom
$2,189 – $2,333
0.55%
4.52%
4-Bedroom
$2,445 – $2,559
0.67%
5.20%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,375 – $1,437
1.01%
4.38%
2-Bedroom
$1,889 – $2,014
-4.61%
4.03%
3-Bedroom
$2,415 – $2,616
2.48%
6.38%
4-Bedroom
$2,611 – $2,812
1.09%
5.16%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,465 – $1,510
0.42%
5.12%
2-Bedroom
$1,671 – $1,756
4.50%
1.99%
3-Bedroom
$2,275 – $2,391
1.47%
2.88%
4-Bedroom
$2,488 – $2,679
4.12%
3.40%
Data updated: September 22, 2026
Novi / Livingston County Rental Trends
In the Novi / Livingston County (48114, 48116, 48377) rental market, 2-bedroom apartments saw rents decline by 2.75% on a monthly basis, landing at a median of $1,535. Annual change also registered at -1.50%, indicating a downward trend for this segment compared to one year ago.
Among multi-bedroom options, 2-bedroom condos in Novi / Livingston County (48114, 48116, 48377) jumped 9.02% year-over-year to reach a median rent of $2,046. The monthly increase stood at 2.13%, marking these units as the fastest-growing segment over the past year.
The highest-priced 1-bedroom segment, 1BR single-family homes, outperformed comparable apartments and condos in the area by reaching $1,478. Novi / Livingston County (48114, 48116, 48377) rental trends show a 1.77% monthly increase and a 5.68% annual rise for this unit type.