130 Cheap Apartments for rent in Pontiac, MI

Last updated November 19 at 5:16pm UTC
39 Tacoma Ct
Fairgrove
Pontiac, MI
Updated October 30 at 10:29am UTC
2 Bedrooms
$600
33 Monroe St # 15
Seminole Hills
Pontiac, MI
Updated November 9 at 12:21pm UTC
1 Bedroom
$600
Results within 5 miles of Pontiac, MI
2820 W MAPLE Road
The Transit Center
Troy, MI
Updated November 19 at 5:15pm UTC
Studio
$600
6695 Highland Road
, MI
Updated August 15 at 5:00am UTC
Studio
$300
5663 HIGHLAND Road
, MI
Updated November 6 at 9:43am UTC
Studio
$575
Results within 10 miles of Pontiac, MI
1755 SHERWIN Court
, MI
Updated November 19 at 5:16pm UTC
Studio
$550
7932 COOLEY LAKE Road
, MI
Updated November 19 at 5:16pm UTC
Studio
$315
1990 UNION LAKE
, MI
Updated September 21 at 12:54pm UTC
Studio
$550
19455 Trinity St
Evergreen
Detroit, MI
Updated November 16 at 12:00pm UTC
2 Bedrooms
$600
7938 COOLEY LAKE Road
, MI
Updated November 19 at 5:15pm UTC
Studio
$180
9544 Greenview Rd
Franklin Park
Detroit, MI
Updated November 19 at 10:14am UTC
2 Bedrooms
$600
9545 Greenview Rd
Franklin Park
Detroit, MI
Updated October 31 at 1:47am UTC
1 Bedroom
$525
1155 W McNichols Rd
Highland Park
Highland Park, MI
Updated November 19 at 10:23am UTC
1 Bedroom
$550
115 E UNIVERSITY Drive
Downtown Rochester
Rochester Hills, MI
Updated October 8 at 2:17am UTC
Studio
$600
Results within 20 miles of Pontiac, MI
7930 COOLEY LAKE Road
, MI
Updated August 15 at 4:49am UTC
Studio
$270
8615 Pontiac Lake Rd
, MI
Updated November 16 at 12:25pm UTC
2 Bedrooms
$545
Lahser Rd
Evergreen
Detroit, MI
Updated November 16 at 8:49am UTC
2 Bedrooms
$600
19041 Bentler St
Evergreen
Detroit, MI
Updated November 16 at 12:33pm UTC
1 Bedroom
$525
Pasadena Ave
Winterhalter
Detroit, MI
Updated November 2 at 7:47am UTC
1 Bedroom
$600
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November 2017 Pontiac Rent Report

Welcome to the November 2017 Pontiac Rent Report. Pontiac rents remained steady over the past month. In this report, we'll evaluate trends in the Pontiac rental market, including comparisons to cities throughout the metro, state, and nation.

View full Pontiac Rent Report
Rent Report
Pontiac

November 2017 Pontiac Rent Report

Welcome to the November 2017 Pontiac Rent Report. Pontiac rents remained steady over the past month. In this report, we'll evaluate trends in the Pontiac rental market, including comparisons to cities throughout the metro, state, and nation.

Pontiac rents held steady over the past month

Pontiac rents have remained flat over the past month, however, they are up moderately by 3.6% year-over-year. Currently, median rents in Pontiac stand at $720 for a one-bedroom apartment and $940 for a two-bedroom. Pontiac's year-over-year rent growth leads the state average of 2.4%, as well as the national average of 2.7%.

Rents rising across the Detroit Metro

Throughout the past year, rent increases have been occurring not just in the city of Pontiac, but across the entire metro. Of the largest 10 cities that we have data for in the Detroit metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Warren has seen the fastest rent growth in the metro, with a year-over-year increase of 7.7%. The median two-bedroom there costs $980, while one-bedrooms go for $750.
  • Over the past month, Sterling Heights has seen the biggest rent drop in the metro, with a decline of 0.5%. Median two-bedrooms there cost $1,050, while one-bedrooms go for $810.
  • Detroit proper has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents fell 0.2% over the past month but rose 1.4% over the past year.
  • Dearborn has the most expensive rents of the largest cities in the Detroit metro, with a two-bedroom median of $1,340; rents increased 0.1% over the past month and 5.9% over the past year.

Pontiac rents more affordable than many large cities nationwide

As rents have increased moderately in Pontiac, a few large cities nationwide have also seen rents grow modestly. Pontiac is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Michigan as a whole logging rent growth of 2.4% over the past year. For example, rents have grown by 2.4% in Lansing and 1.7% in Grand Rapids.
  • Pontiac's median two-bedroom rent of $940 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.6% rise in Pontiac.
  • While Pontiac's rents rose moderately over the past year, many cities nationwide also saw increases, including Fresno (+6.1%), Las Vegas (+4.8%), and Charlotte (+3.0%).
  • Renters will find more reasonable prices in Pontiac than most large cities. For example, Chicago has a median 2BR rent of $1,270.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Detroit $680 $890 -0.2% 1.4%
Warren $750 $980 2.4% 7.7%
Sterling Heights $810 $1,050 -0.5% 2.2%
Dearborn $1,030 $1,340 0.1% 5.9%
Westland $730 $950 0.1% 2.7%
Troy $980 $1,280 -0.3% 2.4%
Southfield $890 $1,160 0.1% 0.8%
Taylor $680 $890 -0.1% 0.2%
Pontiac $720 $940 0.0% 3.6%
Royal Oak $830 $1,080 0.3% 3.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.