Long-term Rental Rates — September 2026 · ZIPs: 48374,48375,48377
Local market data by Estaite
As of September 2026, rental prices in Novi (48374, 48375, 48377), in the Detroit metro area, range from $1,334 to $2,759 per month depending on property type and bedroom count.
The biggest year-over-year rent increase in Novi, MI was for single-family 4BR homes, which rose 8.03%.
For 3BR units in Novi, MI, median rents are $2,477 for condos/townhomes and $2,254 for single-family homes.
What is the range of monthly rents in Novi, MI as of September 2026?
As of September 2026, rental prices in Novi, MI range from $1,334 for a 1BR single-family home up to $2,759 for a 4BR single-family property.
Which segment experienced the largest month-over-month rent change in Novi, MI?
The biggest month-over-month rent change in Novi, MI was for single-family 3BR homes, which increased by 4.27% in September 2026.
How does the median rent for condos/townhomes compare to single-family homes in Novi, MI for the same bedroom count?
In Novi, MI, condos/townhomes rent for $298 more than single-family homes for 3 bedrooms ($2,477 vs $2,254), and $45 more for 2 bedrooms ($1,983 vs $1,685).
What is the most expensive rental segment in Novi, MI as of September 2026?
The most expensive property/bedroom combination in Novi, MI as of September 2026 is a 4BR single-family home at $2,759 per month.
Novi, MI· Detroit metro
September 2026
48374,48375,48377
Long-term Rental Rates
Long-term rental rates for Novi (48374,48375,48377), in the Detroit metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,296 – $1,404
1.77%
5.51%
2-Bedroom
$1,549 – $1,713
-3.13%
1.42%
3-Bedroom
$1,909 – $2,068
-4.61%
-1.02%
4-Bedroom
$2,207 – $2,308
0.46%
3.91%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,355 – $1,416
0.56%
4.36%
2-Bedroom
$1,914 – $2,052
-0.29%
7.17%
3-Bedroom
$2,390 – $2,564
0.37%
6.50%
4-Bedroom
$2,508 – $2,700
0.76%
5.00%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,328 – $1,363
0.15%
4.38%
2-Bedroom
$1,640 – $1,739
0.53%
4.46%
3-Bedroom
$2,182 – $2,326
4.27%
5.84%
4-Bedroom
$2,649 – $2,869
1.72%
8.03%
Data updated: October 19, 2026
Novi Rental Trends · Detroit metro
In the Novi (48374, 48375, 48377) rental market, 2-bedroom condos and townhomes saw the strongest annual growth, rising 9.35% year-over-year to a median rent of $2,007 in June 2026. The segment's monthly increase was also notable at 2.59%, outpacing all other 2BR property types in the area.
Among all segments in Novi (48374, 48375, 48377), 3-bedroom single-family rentals recorded the sharpest month-over-month gain, climbing 4.95% to a median rent of $2,236. This far surpasses the 1.50% increase posted by 3-bedroom apartments, emphasizing a greater acceleration in single-family options for mid-sized households.
Comparisons of Novi (48374, 48375, 48377) rental trends indicate 1-bedroom condos/townhomes lead their apartment counterparts by $55 at $1,355. Annual rent increases also favored condos at 4.70% versus a 4.21% rise for apartments, reflecting a consistent entry-level premium for condo-style living.