As of February 2025: The rental market in Sterling Heights, MI

As of February 2025, the rental market in Sterling Heights, Michigan, presents the following trends:

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Average Rent Prices:

• Overall Median Rent: Approximately $1,247 per month, reflecting a 1.4% decrease from the previous month and a 2.6% increase year-over-year.
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• Studio Apartments: Average rent is $900 per month, a 3% decrease from the previous year.
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• One-Bedroom Apartments: Average rent is $1,115 per month, an 11% decrease from the previous year.
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• Two-Bedroom Apartments: Average rent is $1,652 per month, a 2% increase from the previous year.
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Comparison to National Averages:

The average rent in Sterling Heights is approximately 31% lower than the national average of $1,555 per month, making it a more affordable option compared to many U.S. cities.

Market Trends:

Recent data indicates a slight decline in rental prices in Sterling Heights, with a 1.4% decrease in the overall median rent from the previous month. Year-over-year, there has been a modest increase of 2.6%.

These trends suggest a relatively stable rental market in Sterling Heights, with minor fluctuations in pricing over the past year.