Rent in Highland Park, MI
A 2-bedroom in Highland Park, MI (ZIP 48203) typically rents for about $1,010 a month, with a range of $910–$1,110. Owner-occupied homes in Wayne County pay about 1.63% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $735 | $670–$800 | 1 |
| 1 bed | $737 | $584–$890 | 1 |
| 2 beds | $1,010 | $910–$1,110 | 1 |
| 3 beds | $1,191 | $1,032–$1,350 | 1 |
| 4 beds | $1,383 | $1,296–$1,470 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).
Highland Park ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Highland Park, MI?
- About $1,010 a month: the median of the typical rents in 1 ZIP code, which range from $910–$1,110. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Highland Park, MI?
- About $737 a month: the median of the typical rents in 1 ZIP code, which range from $584–$890. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Highland Park, MI?
- About $1,191 a month: the median of the typical rents in 1 ZIP code, which range from $1,032–$1,350. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Highland Park, MI?
- About $735 a month: the median of the typical rents in 1 ZIP code, which range from $670–$800. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Highland Park, MI?
- About $1,383 a month: the median of the typical rents in 1 ZIP code, which range from $1,296–$1,470. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Highland Park, MI?
- Owner-occupied homes in Wayne County pay a typical 1.63% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Highland Park rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).