Renting in Detroit can be a great option, but it’s essential to know what to expect. Here’s a guide to help you navigate the process:
Understanding the Detroit Rental Market
Detroit’s rental market is evolving, with rising rents and a growing population. Neighborhoods like Corktown and Brush Park are popular, but prices are increasing. To find affordable options, consider “next big” neighborhoods like Cornerstone Village, New Center, and Hamtramck, which offer livable housing and potential for long-term value.
Key Considerations for Renters
- Affordability: Know what you can afford, considering rent, utilities, and other expenses. Use rental calculators to determine your monthly costs.
- Credit Score: Be aware that landlords may perform credit checks. Some may do hard checks, which can affect your credit score, while others may do soft checks.
- Rental Application: Prepare necessary documents, including bank statements and references from previous landlords.
- Lease Agreement: Understand your contract, including rent, utilities, and responsibilities ².
Michigan Landlord-Tenant Laws
- Landlord Responsibilities: Provide habitable housing, make necessary repairs, and maintain essential services like heating and hot water.
- Tenant Responsibilities: Pay rent on time, maintain the property, and report any issues or needed repairs.
- Security Deposits: Landlords can collect up to 1.5 months’ rent, and must return it within 30 days of moving out, with allowable deductions.
- Rent Increases: Landlords can raise rent by any amount, but must give notice (amount of notice not specified by state law).
- Evictions: Landlords can evict for non-payment, lease violations, or other specified reasons, with required notice periods.
Tips for Finding a Good Rental
- Research Neighborhoods: Look into local amenities, safety, and community.
- Work with Reputable Landlords: Investigate potential landlords and property management companies.
- Inspect Properties: Check for condition, needed repairs, and potential issues.
- Read Your Lease: Understand your contract before signing.
By knowing these key aspects of renting in Detroit, you’ll be better equipped to find a great rental property that fits your needs and budget.
