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Studio Condos for Rent in Novi, MI

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  • 39640 Orchard Hill Place, Novi, MI 48375
    39640 Orchard Hill Place, Novi, MI 48375
    39640 Orchard Hill Place, Novi, MI 48375
    /23

    $2,773 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Detroit - Novi - Orchard Hill Place

    39640 Orchard Hill Place, Novi, MI 48375

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Detroit - Novi - Orchard Hill Place

    39640 Orchard Hill Place, Novi, MI 48375
  • 21555 Haggerty Rd, Novi, MI 48375
    21555 Haggerty Rd, Novi, MI 48375
    21555 Haggerty Rd, Novi, MI 48375
    /33

    $2,069 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Detroit - Novi - Haggerty Road

    21555 Haggerty Rd, Novi, MI 48375

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Detroit - Novi - Haggerty Road

    21555 Haggerty Rd, Novi, MI 48375
Michigan Oakland County

Studio Condos for Rent in Novi, MI

Frequently Asked Questions

How much does it cost to rent a condo in Novi, MI?
The median rent for a condo in Novi, MI is $2,325 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Novi, MI?
To comfortably afford the median rent in Novi, MI, a household needs to earn roughly $101,000 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 $2,525 per month in Novi, MI, renters typically need to show $7,575 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 Novi, MI?
In Novi, MI, the price-to-rent ratio is 15.8, 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 Novi, MI are best for renting a condo?
The best neighborhood for renting in Novi, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Old Fourth Ward and Downtown Ann Arbor, each with its own character and price range.

Condo Rental Trends in Novi, MI

There are currently 2 condos available for rent in Novi, MI. The median rent is $2,325 per month, with 1-bedroom condos renting at $1,600, 2-bedroom condos at $1,975 and 3-bedroom condos at $2,625.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$2,325
Median 1 Bedroom Condo Rent
$1,600
Median 2 Bedroom Condo Rent
$1,975
Median 3 Bedroom Condo Rent
$2,625
How to Rent a Home

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