Looking For A Rental In Midtown Detroit? Act Fast, Be Ready To Pay

DETROIT (CBS Detroit) The housing demand in Detroit remains high - especially in Midtown, where many property hunters report low availability and high prices.

Stories abound, especially among Millennials, of rentals getting snatched up in record time. Craigslist is one of the better places to spot Midtown rentals, insiders say, but if you see one you like you have to act fast -- and even then it's probable someone got there before you did.

Sue Mosey, executive director of Midtown Detroit Inc., told WWJ's Vickie Thomas you can still find places to rent, but you have to  look hard.

"It is really hard to find a place, but there's always some units on the markets," Mosey said. "Midtown actually has a wide variety of price points. If you're in, basically, an older apartment building that hasn't had a gut renovation you can still find housing here for $600 a month.

"But most of the new product is anywhere from $1,000 to $1,500 a month, usually two bedrooms, some of the bigger units."

There are about 1,900 units in the Midtown pipeline with 600 more under construction, Mosey said.

"There's always new housing coming online, we're also doing 52 units of affordable housing across the Detroit Medical Center," she added.

Those units will be available in May.

The Website Curbed Detroit keeps a close eye on the Detroit rental market, and they recently reported on what renters can get for $700, $850 and $1,300.

For instance, lofty Victorian abodes converted with modern 900-square foot loft interiors can be had in the $1,300 range in the historic district in Midtown.

A list of available rentals can  be found HERE.

"Corktown used to be the place for cheap, cool apartments, but since the advent of Slow's, Gold Cash Gold and general, artsy hipsterdom, this certainly isn't true anymore. For $1300 a month, you can live in the cottage of your dreams," Curbed reported. "Of course, for the same price, you can make mortgage payments something similar, though it probably won't be in that neighborhood."