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City Report · MI

Riverview

Pop. 12,186·63rd most expensive in Michigan·One of the most affordable rental markets in the US
Median rent (all units)
$1,381/mo
Year-over-Year
Stable
Month-over-Month
+14.1%
vs US Median
-$581
Rising (Monthly)
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Most AffordableMost Expensive
Riverview · $1,381
More affordable than 83% of US cities · National median $1,962/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,381/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$55,000/yr
Local median income
$73,468/yr
Based on the 30%-of-income rule using Riverview's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$900
1 BR
$990
2 BR
$1,250
3 BR
$1,530
4 BR+
$1,660
Fair Market Rent (HUD)
$1,250/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,381 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$16,572/yr
At $1,381/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +14.1% MoM), not inventory.
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Demographics

Who lives here

Riverview, MI is majority owner-occupied, has a large retiree population, 21.3% of residents hold a bachelor's degree or higher.

Population
12,186
Median income
$73,468
Median age
40.6
Renters
35.7%
Age distribution
21.7%
20%
22.7%
25.3%
Under 1821.7%
18–3420%
35–5422.7%
55–6410.4%
65+25.3%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
79.2%
White79.2%
Black8.1%
Hispanic9.2%
Asian1.3%
Other2.2%
Education (25+)
34.1%
37.1%
21.3%
No HS diploma7.5%
HS diploma34.1%
Some college37.1%
Bachelor's+21.3%
Housing tenure
64.3%
35.7%
Owner64.3%
Renter35.7%

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

2021 vs 2026

How Riverview, MI has changed in 5 years

Income
$62,992 → $73,468
up 16.6%
Population
12,465 → 12,186
down 2.2%
Renter share
37.9% → 35.7%
-2.2 pts
Bachelor's+
21.7% → 21.3%
-0.4 pts
Median age
41.2 → 40.6
-0.6 yrs

On the earnings side, the typical household in Riverview, MI now reports about $73,468, up from $62,992 in 2021. Census counts show Riverview, MI losing about 279 residents over the five-year window, down 2.2% on net. The renter share has eased from 37.9% to 35.7%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Riverview

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View Riverview rent history (2015–2026) →
Salary vs rent

Can you afford rent in Riverview on your salary?

At $1,381/mo, how Riverview rent compares to typical pay (30% rule).

By apartment size

Riverview rent by bedroom count

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

Local insights

Tips for renters in Riverview

About renting in Riverview, MI

Last updated: August 17, 2026

The median rent in Riverview is $1,381/mo as of August 2026. A studio apartment averages $900/mo while a 2-bedroom runs $1,250/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,530/mo.

At 23% of local median household income ($73,468/yr), Riverview ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Riverview an affordable city for renters?

Riverview is considered very affordable for renters. At $1,381/mo, rent takes approximately 23% of the local median household income ($73,468/yr). The standard benchmark is 30%. Riverview falls comfortably within that range.

How much income do you need to rent in Riverview?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,381/mo in Riverview. The local median household income is $73,468/yr, meaning the typical Riverview household meets that threshold.

Is rent going up or down in Riverview?

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

How does Riverview rent compare to other cities in Michigan?

Riverview is middle-of-the-pack for Michigan for rent, ranking #63 out of 96 tracked cities at $1,381/mo.

Which nearby cities are cheaper to rent in than Riverview?

Several nearby cities have lower median rents than Riverview ($1,381/mo): Wyandotte ($1,256/mo), Trenton ($1,295/mo), Lincoln Park ($1,376/mo).

What percentage of Riverview residents rent vs. own?

According to Census data, approximately 35.7% of Riverview households are renters, while 64.3% are owner-occupied. Riverview leans toward homeownership, which can mean a smaller rental inventory.

How does Riverview rent compare to the national average?

Riverview's median rent of $1,381/mo is $581 (30%) below the US national median of $1,962/mo. Within Michigan, it ranks #63 out of 96 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,381/mo, rent takes ~23% of Riverview's median household income ($73,468/yr). The standard benchmark is 30%.

Riverview 23%Benchmark 30%
State income tax4.25%
Run the Riverview affordability calculator →
Lowest-rent ZIP codes in Riverview
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Riverview, MI

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