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City Report · MI

Stevensville

Pop. 1,095·95th most expensive in Michigan·One of the most affordable rental markets in the US
Median rent (all units)
$938/mo
Year-over-Year
Stable
Month-over-Month
+12.1%
vs US Median
-$1,027
Rising (Monthly)
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Most AffordableMost Expensive
Stevensville · $938
More affordable than 98% of US cities · National median $1,965/mo
Affordability
18% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $938/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$38,000/yr
Local median income
$64,125/yr
Based on the 30%-of-income rule using Stevensville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,010
2 BR
$1,330
3 BR
$1,720
4 BR+
$1,760
Research median
$1,330/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: April 17, 2026

Annual cost
$11,256/yr
At $938/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, +12.1% MoM), not inventory.
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Demographics

Who lives here

Stevensville, MI is majority owner-occupied, has a large retiree population, has a median income below the national average, 31.6% of residents hold a bachelor's degree or higher.

Population
1,095
Median income
$64,125
Median age
51.8
Renters
39.1%
Age distribution
15.4%
20.7%
17.7%
14.5%
31.6%
Under 1815.4%
18–3420.7%
35–5417.7%
55–6414.5%
65+31.6%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
92.5%
White92.5%
Black1%
Hispanic4.5%
Asian1.3%
Other0.7%
Education (25+)
26.5%
39.5%
31.6%
No HS diploma2.4%
HS diploma26.5%
Some college39.5%
Bachelor's+31.6%
Housing tenure
60.9%
39.1%
Owner60.9%
Renter39.1%

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

2021 vs 2026

How Stevensville, MI has changed in 5 years

Income
$65,991 → $64,125
down 2.8%
Population
1,110 → 1,095
down 1.4%
Renter share
41.6% → 39.1%
-2.5 pts
Bachelor's+
29.4% → 31.6%
+2.2 pts
Median age
50.8 → 51.8
+1.0 yrs

Household income in the area moved from $65,991 to $64,125 across the same window, down 2.8% versus 2021. Census counts show Stevensville, MI losing about 15 residents over the five-year window, down 1.4% on net. The renter share has eased from 41.6% to 39.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 29.4% to 31.6% across the same window.

Community

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

Can you afford rent in Stevensville on your salary?

At $938/mo, how Stevensville rent compares to typical pay (30% rule).

By apartment size

Stevensville rent by bedroom count

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

Local insights

Tips for renters in Stevensville

About renting in Stevensville, MI

Last updated: April 17, 2026

The median rent in Stevensville is $938/mo as of April 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,330/mo. One-bedroom apartments average $1,010/mo and 3-bedroom units go for $1,720/mo.

At 18% of local median household income ($64,125/yr), Stevensville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Stevensville an affordable city for renters?

Stevensville is considered very affordable for renters. At $938/mo, rent takes approximately 18% of the local median household income ($64,125/yr). The standard benchmark is 30%. Stevensville falls comfortably within that range.

How much income do you need to rent in Stevensville?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (~$18/hour full-time) to afford the median rent of $938/mo in Stevensville. The local median household income is $64,125/yr, meaning the typical Stevensville household meets that threshold.

Is rent going up or down in Stevensville?

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

How does Stevensville rent compare to other cities in Michigan?

Stevensville is one of the more affordable cities in Michigan for rent, ranking #95 out of 95 tracked cities at $938/mo.

What percentage of Stevensville residents rent vs. own?

According to Census data, approximately 39.1% of Stevensville households are renters, while 60.9% are owner-occupied. Stevensville leans toward homeownership, which can mean a smaller rental inventory.

How does Stevensville rent compare to the national average?

Stevensville's median rent of $938/mo is $1,027 (52%) below the US national median of $1,965/mo. Within Michigan, it ranks #95 out of 95 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $938/mo, rent takes ~18% of Stevensville's median household income ($64,125/yr). The standard benchmark is 30%.

Stevensville 18%Benchmark 30%
State income tax4.25%
Run the Stevensville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Stevensville, MI

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