Grosse Pointe 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 dark green areas.
On average, the cost of rent in Grosse Pointe is about $1,684 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,036. Households in Grosse Pointe have a median income of $8,368 per month so the average renter in Grosse Pointe is spending roughly 20% of their earnings on housing.
Nationally, and in Grosse Pointe, home values are the data point most closely correlated with the cost of rent. The median price of a home in Grosse Pointe is $282,001 right now, which is higher than nearby cities, meaning that rents in Grosse Pointe also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Grosse Pointe while lower rent rates are often available in central areas.
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