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ZIP Code · MI

ZIP 48203

Part of Detroit, MI
Pop. 20,049·Wayne County·117th most expensive ZIP in Michigan
Median rent (all units)
$1,270/mo
Year-over-Year
Stable
Month-over-Month
+7.3%
vs US Median
-$695
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48203 · $1,270
More affordable than 88% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$15,240/yr
At $1,270/mo median
Location
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, +7.3% 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

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Local insights

Tips for renters in ZIP 48203

About renting in ZIP 48203

Last updated: July 20, 2026

ZIP code 48203 covers Detroit, MI. The median rent here is $1,270/mo as of July 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $1,070/mo.

At 40% 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 is rent in ZIP code 48203?

As of July 20, 2026, the median monthly rent in ZIP 48203 (Detroit, MI) is $1,270. This is based on aggregated data from public sources and community submissions.

How does ZIP 48203 rent compare to the US average?

ZIP 48203's median rent of $1,270/mo is $695 (35%) below the US national median of $1,965/mo.

How does ZIP 48203 compare to other ZIPs in Michigan?

ZIP 48203 is among the more affordable ZIP codes in Michigan, ranking #117 out of 165 ZIPs at $1,270/mo.

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 $51,000/year (~$25/hour full-time) to afford the median rent of $1,270/mo in ZIP 48203. The local median household income is $38,404/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 48203?

Rent in ZIP 48203 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 48203 an affordable place to rent?

ZIP 48203 is considered moderate for renters. At $1,270/mo, rent takes approximately 40% of the local median household income ($38,404/yr). The standard benchmark is 30%. ZIP 48203 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 48203 residents rent vs. own?

According to Census data, approximately 48.7% of ZIP 48203 households are renters, while 51.3% are owner-occupied. ZIP 48203 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48203 compare to the rest of Detroit?

ZIP 48203 is more affordable than Detroit overall. At $1,270/mo, it's $86 below the Detroit citywide median of $1,356/mo.

When was rent data for ZIP 48203 last updated?

Rent data for ZIP 48203 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
40%
MODERATE

At $1,270/mo, rent takes ~40% of ZIP 48203's median household income ($38,404/yr). The standard benchmark is 30%.

ZIP 48203 40%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48203 (Detroit, MI)

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