$980 Per Month
- 1 Bed
- 1 Bath
- 700 Sq Ft
- Condo for Rent
24691 W Outer Dr, Melvindale, MI 48122
Property Id: 2876589 Nice quiet building with long term tenants, on site laundry facilities, balcony and secure parking.
Frequently Asked Questions
How much does it cost to rent a condo in Melvindale, MI?
The median rent for a condo in Melvindale, MI is $1,120 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Melvindale, MI?
To comfortably afford the median rent in Melvindale, MI, a household needs to earn roughly $39,200 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $980 per month in Melvindale, MI, renters typically need to show $2,940 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Melvindale, MI?
In Melvindale, MI, the price-to-rent ratio is 12.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Melvindale, MI are best for renting a condo?
The best neighborhood for renting in Melvindale, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Springwells, Morley, Aviation, Barton-McFarland and Corktown, each with its own character and price range.
