Last updated
Average Rent in Novi 48375 & Rent Trends
Rent prices and market trends across 1 apartment community in Novi 48375, Novi, MI. Updated daily.
Market Average
$1,687/mo
Lowest Available
$1,549/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
14
available now
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Novi 48375 vs Novi, MI Average
Novi 48375 is more expensive than the Novi, MI average by $401/mo (31%). The citywide average is $1,286/mo across all neighborhoods.
Is Rent Going Up or Down in Novi 48375?
As of October 2026, the average rent in Novi 48375 is $1,687 per month across 1 apartment community and 14 available units.
The most affordable option is Edge at Novi Apartments starting at $1,549/mo. By unit type, a 2-bedroom averages $1,687/mo.
Prices range from $1,549 to $1,874 per month. The most common price point is the $1,600 range, where 11 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Novi 48375
Rent Prices by Apartment in Novi 48375
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Edge at Novi Apartments | $1,549/mo | $1,687/mo | 14 | 4 |
Frequently Asked Questions About Rent in Novi 48375
What is the average rent in Novi 48375?
Is rent going up or down in Novi 48375?
What is the cheapest apartment in Novi 48375?
How many apartments are available in Novi 48375?
What salary do I need to live comfortably in Novi 48375?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$67,000/year
Based on the 30 percent rule, using our tracked average rent of $1,687/mo.
Comfortable income
$81,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,549/mo), you need to earn at least $62,000/year.
Median household income in Novi 48375 is $110,938 , about 37% above the comfortable-living threshold.
Cost of living in Novi 48375
Overall prices in Novi 48375 runs below the national average by about 2% (BEA Regional Price Parity index 98.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Novi 48375's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,687 |
| Utilities | $400 |
| Groceries | $529 |
| Transportation | $954 |
| Healthcare | $466 |
| Other goods and services | $745 |
| Estimated total | $4,781/mo |
Population
66,224
Median household income
$110,938
Census median rent
$1,696/mo
Census rent burden
25.2%
Median age
39.9
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Novi 48375 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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