ZIP Code · MI

ZIP 48203

Part of Detroit, MI

Pop. 20,049·Wayne County·114th most expensive ZIP in Michigan

Median rent (all units)

$1,313/mo

Year-over-Year

Stable

Month-over-Month

+3.4%

vs US Median

-$619

Reported rents

Rising (Monthly)

Be the first to discuss 48203 rents ↓

Most AffordableMost Expensive

ZIP 48203 · $1,313

More affordable than 85% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$770

1 BR

$850

2 BR

$1,070

3 BR

$1,310

4 BR+

$1,420

Research median

$1,070/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($38,404) is $960 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($850); a 2-bedroom is $1,070.

Cheaper nearby

ZIP 48204, 4 miles away, rents for 14% less ($1,128/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,756/yr

At $1,313/mo median

Location

CityDetroit

StateMI

CountyWayne County

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, +3.4% MoM), not inventory.

Demographics

Who lives here

ZIP 48203 (Detroit, MI) is roughly split between renters and owners, has a median income below the national average, 19.7% of residents hold a bachelor's degree or higher.

Population

20,049

Median income

$38,404

Median age

39.4

Renters

48.7%

Age distribution

21.9%

22.3%

23.3%

13.9%

18.5%

Under 1821.9%

18–3422.3%

35–5423.3%

55–6413.9%

65+18.5%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

83.3%

White9.9%

Black83.3%

Hispanic2.2%

Other4.2%

Education (25+)

15.9%

30.1%

34.4%

19.7%

No HS diploma15.9%

HS diploma30.1%

Some college34.4%

Bachelor's+19.7%

Housing tenure

51.3%

48.7%

Owner51.3%

Renter48.7%

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

2021 vs 2026

How ZIP 48203 in Detroit, MI has changed in 5 years

Income

$29,881 → $38,404

up 28.5%

Population

21,253 → 20,049

down 5.7%

Renter share

55.9% → 48.7%

-7.2 pts

Bachelor's+

19.6% → 19.7%

+0.1 pts

Median age

41.4 → 39.4

-2.0 yrs

Median household income climbed from $29,881 to $38,404 between 2021 and 2024, a 28.5% shift. Census counts show ZIP 48203 in Detroit, MI losing about 1,204 residents over the five-year window, down 5.7% on net. The renter share has eased from 55.9% to 48.7%, with owner-occupied housing accounting for the remainder.

Community

Discussions about ZIP 48203

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 48203

About renting in ZIP 48203

Last updated: September 25, 2026

ZIP code 48203 covers Detroit, MI. The median rent here is $1,313/mo as of September 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $1,070/mo.

At 41% of local median household income ($38,404/yr), ZIP 48203 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48203?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (about $25/hour full-time) to afford the median rent of $1,313/mo in ZIP 48203. The local median household income is $38,404/yr, so the typical household falls short of that bar.