Department of Numbers

Ann Arbor Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Ann Arbor, MI (the Ann Arbor metro area) was $1,062 in 2017 according to the Census ACS survey.1 Average gross rent in Ann Arbor was $1,146 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Ann Arbor median and average rent data will be released in September of 2019.

Data is also available below for Ann Arbor rental vacancy rates, Ann Arbor rent as a percent of median income and the fraction of renters in Ann Arbor.

Show dollars as: Nominal Real

Real Gross Rent in Ann Arbor Michigan (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Michigan Median Gross Rent $835 +0.48% +3.47%
Ann Arbor, MI Median Gross Rent $1,062 +4.94% +5.78%

Ann Arbor, MI Real Gross Rent Trends

At $1,062, real median gross rent in Ann Arbor was at its highest level in 2017 since the series began in 2005. At $1,146, real average gross rent in Ann Arbor was at its highest level in 2017 since the series began in 2005.

Real Gross Rent in Ann Arbor: Ann Arbor MI Median, Ann Arbor MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ann Arbor

Date US
Median
Michigan
Median
Ann Arbor, MI
Median
Ann Arbor, MI
Average
2017 $1,012 $835 $1,062 $1,146
2016 $996 $831 $1,012 $1,110
2015 $987 $826 $1,006 $1,068
2014 $956 $807 $1,004 $1,064
2013 $924 $784 $950 $1,015
2012 $912 $772 $950 $1,026
2011 $912 $774 $904 $987
2010 $927 $791 $909 $1,006
2009 $931 $791 $930 $1,020
2008 $947 $811 $997 $1,042
2007 $899 $778 $942 $1,005
2006 $909 $804 $993 $1,040

Ann Arbor Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Ann Arbor Michigan was 5.12% according to Census ACS data.

Rental Vacancy Rate in Ann Arbor Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Ann Arbor, MI 5.12% +2.49% +0.49%

Trends in Ann Arbor, MI Rental Vacancy Rate

The rental vacancy rate in Ann Arbor peaked in 2005 at 12.93%. Since then it has fallen by 7.81% to 5.12%. Data records for this series originated in 2005. From a 2015 post peak low of 1.88%, the rental vacancy rate has increased by 3.24%.

Rental Vacancy Rate: Ann Arbor MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Ann Arbor

Date US Michigan Ann Arbor, MI
2017 6.18% 4.87% 5.12%
2016 5.89% 5.41% 2.63%
2015 5.85% 5.19% 1.88%
2014 6.32% 5.88% 4.63%
2013 6.49% 6.04% 3.03%
2012 6.77% 6.73% 2.83%
2011 7.40% 7.72% 4.15%
2010 8.17% 9.60% 7.95%
2009 8.43% 9.48% 7.53%
2008 7.86% 9.73% 7.33%
2007 7.87% 9.66% 9.67%
2006 7.70% 10.42% 8.67%

Rent as a Fraction of Income

Using median household income data for Ann Arbor, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ann Arbor, median monthly gross rent as a fraction of median household income was 18.13% in 2017 according to the ACS.

Ann Arbor Michigan Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Michigan 18.25% -0.45% -0.72%
Ann Arbor, MI 18.13% -0.11% -0.60%

Trends in Ann Arbor, MI Rent as a Fraction of Income

The fraction of median Ann Arbor household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 19.62%. Since then it has fallen by 1.49% to 18.13%.

Fraction of Income towards Rent: Ann Arbor MI, Michigan, US

Percent of median household income going towards median monthly gross rent in Ann Arbor Michigan

Historical Data for Annual Rent as a Fraction of Income in Ann Arbor Michigan

Date US Michigan Ann Arbor, MI
2017 20.13% 18.25% 18.13%
2016 20.43% 18.70% 18.24%
2015 20.63% 18.86% 18.94%
2014 20.89% 18.97% 18.73%
2013 20.78% 19.09% 18.71%
2012 20.65% 19.16% 19.62%
2011 20.70% 19.29% 18.29%
2010 20.50% 19.29% 18.02%
2009 20.12% 18.99% 18.48%
2008 19.00% 17.44% 18.01%
2007 18.66% 17.09% 16.26%
2006 18.90% 17.17% 17.61%

Renter Fraction in Ann Arbor Michigan

You can calculate the renter fraction in Ann Arbor in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Ann Arbor as a fraction of total Ann Arbor households. In 2017 38.25% of households were renters according to Census ACS data.

Ann Arbor Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Michigan 28.67% -1.01% -1.09%
Ann Arbor, MI 38.25% -2.54% -1.58%

Trends in the Ann Arbor, MI Renter Fraction

The Ann Arbor household renter fraction peaked in in 2012 at 41.36% and is now 3.11% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Ann Arbor MI, Michigan, US

Fraction of renters in Ann Arbor

History of Ann Arbor Renter Fraction

Date US Michigan Ann Arbor, MI
2017 36.13% 28.67% 38.25%
2016 36.88% 29.68% 40.79%
2015 36.97% 29.58% 41.32%
2014 36.90% 29.76% 39.83%
2013 36.50% 29.45% 40.59%
2012 36.09% 28.94% 41.36%
2011 35.42% 28.26% 40.07%
2010 34.65% 27.25% 37.60%
2009 34.13% 26.81% 38.31%
2008 33.36% 26.02% 37.49%
2007 32.80% 25.17% 34.55%
2006 32.73% 24.83% 37.32%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.