← Price Inflation Report / Rent Tracker
Rent Tracker
The average asking rent in Detroit, MI is $1,473/month as of 2026-03. That is +2.3% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,473/mo
as of 2026-03
Year-over-Year Change
+2.3%
Monthly ZORI index values for Detroit, MI.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,473 | +0.27% |
| 2026-02 | $1,469 | +0.20% |
| 2026-01 | $1,466 | +0.21% |
| 2025-12 | $1,463 | +0.21% |
| 2025-11 | $1,460 | -0.27% |
| 2025-10 | $1,464 | +0.00% |
| 2025-09 | $1,464 | +0.00% |
| 2025-08 | $1,464 | +0.27% |
| 2025-07 | $1,460 | +0.14% |
| 2025-06 | $1,458 | +0.34% |
| 2025-05 | $1,453 | +0.28% |
| 2025-04 | $1,449 | +0.63% |
| 2025-03 | $1,440 | +0.42% |
| 2025-02 | $1,434 | +0.56% |
| 2025-01 | $1,426 | +0.00% |
| 2024-12 | $1,426 | +0.21% |
| 2024-11 | $1,423 | -0.07% |
| 2024-10 | $1,424 | +0.21% |
| 2024-09 | $1,421 | +0.21% |
| 2024-08 | $1,418 | +0.35% |
| 2024-07 | $1,413 | +0.57% |
| 2024-06 | $1,405 | +0.57% |
| 2024-05 | $1,397 | +0.94% |
| 2024-04 | $1,384 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report