City Report · MI

Ypsilanti

Pop. 19,857·67th most expensive in Michigan·Ypsilanti rents are up 11.6% over the past year
Median rent (all units)
$1,371/mo
Year-over-Year
+11.6%
Month-over-Month
-4.5%
vs US Median
-$591
Falling (Monthly)
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Most AffordableMost Expensive
Ypsilanti · $1,371
More affordable than 84% of US cities · National median $1,962/mo
Rent Reality Score
48/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Ypsilanti's 10-year trend predicts.

Actual rent
$1,371/mo
Expected by trend
$1,358/mo
The Rent Reality Score compares today's median rent to where Ypsilanti's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,150
2 BR
$1,370
3 BR
$1,655
4 BR+
$1,840
Fair Market Rent (HUD)
$1,370/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,371 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
$16,452/yr
At $1,371/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (11.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+11.6% YoY, -4.5% MoM), not inventory.
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Demographics

Who lives here

Ypsilanti, MI is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 46.9% of residents hold a bachelor's degree or higher.

Population
19,857
Median income
$46,588
Median age
27.7
Renters
66.8%
Age distribution
14.8%
49.4%
18.9%
Under 1814.8%
18–3449.4%
35–5418.9%
55–647.2%
65+9.7%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
57.3%
24.9%
White57.3%
Black24.9%
Hispanic9%
Asian5.2%
Other3.7%
Education (25+)
16.8%
30.6%
46.9%
No HS diploma5.8%
HS diploma16.8%
Some college30.6%
Bachelor's+46.9%
Housing tenure
33.2%
66.8%
Owner33.2%
Renter66.8%

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

2021 vs 2026

How Ypsilanti, MI has changed in 5 years

Rent
$958 → $1,371
up 43.1%
Income
$40,256 → $46,588
up 15.7%
Population
20,448 → 19,857
down 2.9%
Renter share
65.9% → 66.8%
+0.9 pts
Bachelor's+
43% → 46.9%
+3.9 pts
Median age
25.7 → 27.7
+2.0 yrs

Rent in Ypsilanti, MI has climbed 43.1% since 2021, going from about $958 per month to roughly $1,371 today. Household income in the area moved from $40,256 to $46,588 across the same window, up 15.7% versus 2021. Rent outpaced income growth by roughly 27.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 20,448 to 19,857 between 2021 and 2024, a 2.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43% to 46.9%. Reading these numbers side by side helps frame whether current listings in Ypsilanti, MI look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Ypsilanti on your salary?

At $1,371/mo, how Ypsilanti rent compares to typical pay (30% rule).

By apartment size

Ypsilanti rent by bedroom count

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

Local insights

Tips for renters in Ypsilanti

About renting in Ypsilanti, MI

Last updated: August 17, 2026

The median rent in Ypsilanti is $1,371/mo as of August 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,370/mo. One-bedroom apartments average $1,150/mo and 3-bedroom units go for $1,655/mo.

At 35% of local median household income ($46,588/yr), Ypsilanti ranks as moderate compared to the national benchmark of 30%. Rents have increased 11.6% over the past year.

FAQ

Frequently asked questions

Is Ypsilanti an affordable city for renters?

Ypsilanti is considered moderate for renters. At $1,371/mo, rent takes approximately 35% of the local median household income ($46,588/yr). The standard benchmark is 30%. Ypsilanti slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Ypsilanti?

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 $1,371/mo in Ypsilanti. The local median household income is $46,588/yr, meaning the typical Ypsilanti household falls short of that threshold.

Is rent going up or down in Ypsilanti?

Rent in Ypsilanti has increased 11.6% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Ypsilanti neighborhoods have the lowest rent?

The most affordable ZIP codes in Ypsilanti are 48197 ($1,340/mo), and 48198 ($1,650/mo). Citywide, the median rent in Ypsilanti is $1,371/mo.

How does Ypsilanti rent compare to other cities in Michigan?

Ypsilanti is one of the more affordable cities in Michigan for rent, ranking #67 out of 96 tracked cities at $1,371/mo.

What percentage of Ypsilanti residents rent vs. own?

According to Census data, approximately 66.8% of Ypsilanti households are renters, while 33.2% are owner-occupied. With a majority renter population, Ypsilanti has a strong rental market.

How does Ypsilanti rent compare to the national average?

Ypsilanti's median rent of $1,371/mo is $591 (30%) below the US national median of $1,962/mo. Within Michigan, it ranks #67 out of 96 tracked cities.
Income Affordability
35%
MODERATE

At $1,371/mo, rent takes ~35% of Ypsilanti's median household income ($46,588/yr). The standard benchmark is 30%.

Ypsilanti 35%Benchmark 30%
State income tax4.25%
Run the Ypsilanti affordability calculator →
Lowest-rent ZIP codes in Ypsilanti
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Ypsilanti, MI

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