Apartments for rent in Michigan are much less expensive than the national average. The price of a studio averages $503 per month, which is $497 below the national average and a difference of 50 percent. The price of a one-bedroom averages $619 per month, which is $244 below the national average and a difference of 28 percent.

Larger Michigan apartments for rent follow the same trends. The price of a two-bedroom averages $745 per month, which is $304 less the national average and a difference of 29 percent. The price of a three-bedroom averages $1031 per month, which is $282 below the national average and a difference of 21.5 percent.

If you're searching for apartments for rent in Michigan you should know that the trends vary depending on which city or county you're looking at. The most expensive Michigan apartment rental is in West Bloomfield, followed by Troy, Northville and Ann Arbor. The cheapest Michigan apartment rentals are in Saginaw, followed by Waterford, Wixom, and Battle Creek.

Economy:
Despite being hit hard by job losses over the past few decades, the state remains one of the main manufacturing hubs in North America. 34 Fortune 500 companies call Michigan home. Its most famous output is automobiles, as evidenced by its two top corporate presences, GM and Ford. Michigan is also a big agriculture state, second only to California in crop diversity. Tourism adds $17.5 billion per year to the economy.

Noteworthy:
Hunting in Michigan is a $2 billion per year industry. Three-quarters of a million hunters flock there for deer season alone.