Detroit Property Management

Earn more and stress less with all the tools + expert services you need to manage your rental property in Detroit.

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See why thousands of homeowners love being part of the Nomad community

$250M+

Total rent guaranteed

10,000+

Owners served

Detroit rental market

What Nomad homes rent for in Detroit

$1,600

Median rent, 3-bed

22 days

Median time to lease

Median rent achieved and median time from listing to signed lease, for homes leased through Nomad in the Detroit metro area over the last three years.

About Nomad

Nomad makes it easy to rent your Detroit long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!

Renting in Detroit

Detroit is about half renters, at 50% of occupied homes, and 64% of its housing is single-family detached, per the U.S. Census Bureau's 2020–2024 American Community Survey. That's a higher share of houses than most large cities. The housing is old, with half of it built before 1948, so plan for the maintenance an older house needs and for the federal lead-based paint disclosure that applies to homes built before 1978. Detroit has its own rental rules on top of Michigan's, so check what the city requires before you list. The median renter household pays $1,074 a month including utilities.

The Nomad Difference

Guaranteed Rent for Detroit landlords

Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.

"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."

Lauren

Nomad Homeowner since 2020

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Michigan rules every landlord should know

Security deposit limit: 1.5 months' rent
Deposit return deadline: 30 days after move-out, with an itemized list of any deductions
Late fee limit: No statutory limit
Notice before entering: No requirement in state landlord-tenant law
Notice to end a month-to-month lease: 1 month's notice (one full rental period)

Reviewed October 2026. General information, not legal advice.

“From start to finish, it was a fantastic experience. They were open with communication and responsive to my questions throughout my time leasing with them. … The Nomad team was absolutely incredible through this process, and I highly recommend Nomad for the small property owner out there.”

Derek G.

Michigan · since 2025