How much does it cost to rent in Niles, MI?

As of July 2026, the median monthly rent in Niles, MI is $1,094. This figure is based on aggregated data from public sources and community-submitted rents.

Is Niles cheaper than other Michigan cities?

Niles is among the more affordable cities in Michigan, ranking #89 out of 95 cities at $1,094/mo.

When was Niles rent data last updated?

Niles rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MI

Niles

Name: Average Rent Prices in Niles, MI
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 11,803·89th most expensive in Michigan·One of the most affordable rental markets in the US

Median rent (all units)

$1,094/mo

Year-over-Year

Stable

Month-over-Month

-0.8%

vs US Median

-$871

Falling (Monthly)

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Most AffordableMost Expensive

Niles · $1,094

More affordable than 95% of US cities · National median $1,965/mo

Affordability

26% of income

AFFORDABLE

0%30% benchmark60%+

At $1,094/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$44,000/yr

Local median income

$51,376/yr

Based on the 30%-of-income rule using Niles's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$770

1 BR

$870

2 BR

$1,090

3 BR

$1,400

4 BR+

$1,530

Research median

$1,090/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$13,128/yr

At $1,094/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Niles, MI is majority owner-occupied, has a large retiree population, has a median income below the national average, 17% of residents hold a bachelor's degree or higher.

Population

11,803

Median income

$51,376

Median age

39.2

Renters

36.8%

Age distribution

21.4%

23.5%

22.9%

20.6%

Under 1821.4%

18–3423.5%

35–5422.9%

55–6411.6%

65+20.6%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

74.7%

13.9%

White74.7%

Black13.9%

Hispanic7%

Asian0.5%

Other3.9%

Education (25+)

34.9%

37.2%

17%

No HS diploma11%

HS diploma34.9%

Some college37.2%

Bachelor's+17%

Housing tenure

63.2%

36.8%

Owner63.2%

Renter36.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Niles, MI has changed in 5 years

Income

$41,306 → $51,376

up 24.4%

Population

11,929 → 11,803

down 1.1%

Renter share

41.7% → 36.8%

-4.9 pts

Bachelor's+

17.1% → 17%

-0.1 pts

Median age

38.3 → 39.2

+0.9 yrs

Local incomes tracked alongside that move, going from a median of $41,306 in 2021 to $51,376 more recently. Census counts show Niles, MI losing about 126 residents over the five-year window, down 1.1% on net. The renter share has eased from 41.7% to 36.8%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Niles

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View Niles rent history (2015–2026) →

Salary vs rent

Can you afford rent in Niles on your salary?

At $1,094/mo, how Niles rent compares to typical pay (30% rule).

Registered Nurse

Avg $90,701/yr · Rent = 14.5% income

very comfortable

Elementary School Teacher

Avg $64,397/yr · Rent = 20.4% income

affordable

Police Officer

Avg $74,179/yr · Rent = 17.7% income

very comfortable

Software Developer

Avg $132,586/yr · Rent = 9.9% income

very comfortable

Lawyer

Avg $169,411/yr · Rent = 7.7% income

very comfortable

Firefighter

Avg $60,298/yr · Rent = 21.8% income

affordable

Truck Driver

Avg $54,442/yr · Rent = 24.1% income

affordable

Electrician

Avg $67,104/yr · Rent = 19.6% income

very comfortable

By apartment size

Niles rent by bedroom count

Median rent for each apartment size in Niles. Click any size for full breakdown.

Local insights

Tips for renters in Niles

About renting in Niles, MI

Last updated: July 20, 2026

The median rent in Niles is $1,094/mo as of July 2026. A studio apartment averages $770/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $870/mo and 3-bedroom units go for $1,400/mo.

At 26% of local median household income ($51,376/yr), Niles ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Niles an affordable city for renters?

Niles is considered affordable for renters. At $1,094/mo, rent takes approximately 26% of the local median household income ($51,376/yr). The standard benchmark is 30%. Niles falls comfortably within that range.

How much income do you need to rent in Niles?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (~$21/hour full-time) to afford the median rent of $1,094/mo in Niles. The local median household income is $51,376/yr, meaning the typical Niles household meets that threshold.

Is rent going up or down in Niles?

Rent in Niles has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Niles rent compare to other cities in Michigan?

Niles is one of the more affordable cities in Michigan for rent, ranking #89 out of 95 tracked cities at $1,094/mo.

What percentage of Niles residents rent vs. own?

According to Census data, approximately 36.8% of Niles households are renters, while 63.2% are owner-occupied. Niles leans toward homeownership, which can mean a smaller rental inventory.