Commerce Township renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Commerce Township is about $1,401 per month. This puts it in the 96th percentile compared to the state average cost of rent, which is $1,107. Households in Commerce Township have a median income of $9,202 per month so the average renter in Commerce Township is spending roughly 15% of their earnings on housing.
Nationally, and in Commerce Township, home values are the data point most closely correlated with the cost of rent. The median price of a home in Commerce Township is $345,649 right now, which is lower than cities nearby, meaning that rents in Commerce Township also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Commerce Township while lower rent rates are often available in northern areas.
Nearby Cities
- Wolverine Lake, MI: less expensive rent prices
- Walled Lake, MI: more expensive rent prices
- White Lake, MI: more expensive rent prices
- Wixom, MI: less expensive rent prices
- Milford, MI: more expensive rent prices
- West Bloomfield, MI: more expensive rent prices
- Orchard Lake Village, MI: more expensive rent prices
- Highland, MI: less expensive rent prices
- Waterford, MI: less expensive rent prices
- Novi, MI: more expensive rent prices
Cities with Similar Populations
- El Sobrante, CA: more expensive rent prices
- Shelbyville, IN: less expensive rent prices
- Baldwin, NY: more expensive rent prices
- Belmont, MA: more expensive rent prices
- East Lake, FL: more expensive rent prices
- Cave Spring, VA: less expensive rent prices
- Franklin, NC: less expensive rent prices
- Chelmsford, MA: more expensive rent prices
- Lochearn, MD: more expensive rent prices
- Marion, IL: less expensive rent prices
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