2

Studio Apartments for Rent in Novi, MI

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  • /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
  • /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

Why Live in Novi

Novi, Michigan, a northwestern suburb of Detroit, is home to nearly 67,000 residents. Known for its historical connection to the 'Novi Special' racing engine, the city features a distinctive water tower that commemorates this heritage. Novi offers a variety of things to do, including dining at unique eateries, shopping at one of Michigan’s largest malls, Twelve Oaks, and enjoying recreational activities at local parks and Walled Lake. The city is well-connected with Interstate 96 providing direct access to downtown Detroit, 29 miles away, and Detroit Metropolitan Wayne County Airport, 27 miles away. Housing styles in Novi range from Tudors and Cape Cods to condos, with neighborhoods like Mystic Forest and Island Lake offering different options. The Novi Community School District is highly rated, providing numerous extracurricular activities and advanced courses. Major employers include Ascension Providence Health Center and the school district itself. Residents benefit from low crime rates compared to the national average, and the city’s parks feature amenities such as paved trails, an amphitheater, and a sculpture garden. Seasonal events and large-scale gatherings at the Suburban Collection Showplace add to the community’s vibrant atmosphere.

Frequently Asked Questions

How much does it cost to rent a home in Novi, MI?
The median rent for a home in Novi, MI is $2,620 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 $104,800 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 $2,620 per month in Novi, MI, renters typically need to show $7,860 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 15.4, 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.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,620
Median Single Family Home Rent
$3,000
Median Townhouse Rent
$3,150
Median Condo Rent
$2,325
How to Rent a Home