27 Apartments under 500 for rent in Sterling Heights, MI

Last updated September 20 at 10:27AM
Results within 1 miles of Sterling Heights, MI
11255 HALL
Utica
Utica, MI
Updated September 4 at 2:28AM
Studio
$350
47718 VAN DYKE
Utica
Utica, MI
Updated August 15 at 10:46AM
Studio
$375
Results within 5 miles of Sterling Heights, MI
1630 E State Fair
State Fair-Nolan
Detroit, MI
Updated September 2 at 10:43AM
1 Bedroom
$475
Results within 10 miles of Sterling Heights, MI
1152 Holcomb St
Foch
Detroit, MI
Updated August 15 at 2:06AM
Studio
$400
1160 Holcomb St
Foch
Detroit, MI
Updated September 16 at 1:41AM
Studio
$475
15321 FENKELL
Grandmont
Detroit, MI
Updated August 15 at 4:58AM
Studio
$400
215 N MAIN ST.
Romeo
Romeo, MI
Updated September 6 at 2:56AM
Studio
$400
2919 Clairmount St
Rosa Parks
Detroit, MI
Updated August 19 at 10:06AM
Studio
$395
17016 MACK
Grosse Pointe
Grosse Pointe Park, MI
Updated September 7 at 2:55AM
Studio
$300
2690 W BOSTON Boulevard
Durfee
Detroit, MI
Updated August 15 at 4:57AM
Studio
$450
42690 WOODWARD
, MI
Updated September 20 at 10:27AM
Studio
$350
36403 Warren Road
Westland
Westland, MI
Updated September 9 at 11:04AM
Studio
$200
152 Washington St
Pontiac
Pontiac, MI
Updated September 18 at 2:29AM
1 Bedroom
$495
7938 COOLEY LAKE Road
, MI
Updated September 20 at 10:25AM
Studio
$180
18933 Barlow St.
Osborn
Detroit, MI
Updated September 1 at 9:27AM
4 Bedrooms
$395
1130 Holcomb St
Foch
Detroit, MI
Updated September 20 at 9:20AM
1 Bedroom
$485
1141 Holcomb St
Foch
Detroit, MI
Updated September 20 at 9:21AM
Studio
$450
Results within 20 miles of Sterling Heights, MI
Prairie St
Winterhalter
Detroit, MI
Updated September 10 at 7:43AM
1 Bedroom
$450
Mark Twain St
Grandmont
Detroit, MI
Updated September 20 at 7:25AM
Studio
$400
1152 Holcomb St
Foch
Detroit, MI
Updated August 15 at 2:06AM
1 Bedroom
$485
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Rent Report
Sterling Heights

September 2017 Sterling Heights Rent Report

Welcome to the September 2017 Sterling Heights Rent Report. In this report, we'll evaluate trends in the Sterling Heights rental market, including comparisons to cities throughout the metro and nation.

Sterling Heights rents increase sharply over the past month

Sterling Heights rents have increased 0.7% over the past month, and are up moderately by 3.6% in comparison to the same time last year. Currently, median rents in Sterling Heights stand at $810 for a one-bedroom apartment and $1,060 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in June. Sterling Heights' year-over-year rent growth leads the state average of 2.5%, as well as the national average of 3.0%.

Rents rising across the Detroit Metro

Throughout the past year, rent increases have been occurring not just in the city of Sterling Heights, 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.

  • Dearborn has the most expensive rents in the Detroit metro, with a two-bedroom median of $1,340; the city has also seen rent growth of 7.1% over the past year, the fastest in the metro.
  • Over the past month, Taylor has seen the biggest rent drop in the metro, with a decline of 0.3%. Median two-bedrooms there cost $890, while one-bedrooms go for $680.
  • Detroit proper has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents increased 0.2% over the past month and 2.0% over the past year.

Sterling Heights rents more affordable than many large cities nationwide

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

  • Rents also increased in other cities across the state, with Michigan as a whole logging rent growth of 2.5% over the past year.
  • Sterling Heights' median two-bedroom rent of $1,060 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.6% rise in Sterling Heights.
  • While Sterling Heights' rents rose over the past year, many cities nationwide also saw increases, including Fresno (+6.3%), Las Vegas (+5.2%), and Charlotte (+3.9%).
  • Renters will find more reasonable prices in Sterling Heights than most large cities. For example, Chicago has a median 2BR rent of $1,290.

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% 2.0%
Warren $720 $940 1.7% 2.8%
Sterling Heights $810 $1,060 0.7% 3.6%
Dearborn $1,030 $1,340 0.8% 7.1%
Westland $730 $950 0.1% 2.5%
Troy $980 $1,280 0.0% 2.7%
Southfield $890 $1,160 -0.1% 1.4%
Taylor $680 $890 -0.3% 0.7%
Pontiac $720 $930 0.0% 3.3%
Royal Oak $830 $1,080 -0.2% 3.7%
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.