Novi, MI Rent History
60 months of data, 2021–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-07)
$1,931
1-year change
+11.5%
$199/mo
5-year change
+25.6%
$394/mo
Monthly rent trend
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Year-by-year rent in Novi
| Year | Median rent | YoY change | vs 2021 |
|---|---|---|---|
| 2021 | $1,537/mo | — | 0.0% |
| 2022 | $1,668/mo | +8.5% | +8.5% |
| 2023 | $1,697/mo | +1.7% | +10.4% |
| 2024 | $1,699/mo | +0.1% | +10.5% |
| 2025 | $1,744/mo | +2.6% | +13.5% |
| 2026 | $1,778/mo | +1.9% | +15.7% |
Frequently asked questions
How much has rent in Novi changed since 2021?
Median rent in Novi, MI was $1,537 in 2021-08 and is $1,931 as of 2026-07 — a change of $394 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 +25.6% ($394 per month). The current median is $1,931.
Is rent in Novi going up or down year over year?
Year over year, median rent in Novi, MI has increased +11.5% ($199/mo). Current median: $1,931.