Novi, MI Rent History
62 months of data, 2021–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$1,832
1-year change
+3.2%
$57/mo
5-year change
+15.9%
$251/mo
Monthly rent trend
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Year-by-year rent in Novi
| Year | Median rent | YoY change | vs 2021 |
|---|---|---|---|
| 2021 | $1,572/mo | — | 0.0% |
| 2022 | $1,706/mo | +8.5% | +8.5% |
| 2023 | $1,735/mo | +1.7% | +10.4% |
| 2024 | $1,733/mo | -0.1% | +10.2% |
| 2025 | $1,773/mo | +2.3% | +12.8% |
| 2026 | $1,808/mo | +2.0% | +15.0% |
Frequently asked questions
How much has rent in Novi changed since 2021?
Median rent in Novi, MI was $1,572 in 2021-08 and is $1,832 as of 2026-09 — a change of $260 per month over 5 years.
How much has Novi rent increased in the last 5 years?
Over the past 5 years, median rent in Novi, MI has changed +15.9% ($251 per month). The current median is $1,832.
Is rent in Novi going up or down year over year?
Year over year, median rent in Novi, MI has increased +3.2% ($57/mo). Current median: $1,832.