Rent Your Vacation Home or Condo in Detroit, Michigan

Detroit is a city that has seen massive growth in recent years. It is now one of the top destinations in the United States, and this has led to an increase in tourism. As a result, there are more vacation rentals available in Detroit than ever before. This means that you have plenty of options when it comes to finding a short-term rental property in Detroit. There are plenty of properties from which you can choose, and you can choose from a variety of different types of properties. There are houses, condos, and apartments for rent, so you can find something that fits your needs perfectly. You can also find properties that have experienced the most growth recently, so you know that they will be well-maintained and ready for your guests.

When partnering with RedAwning for your property management needs, we can make sure your Detroit rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Detroit

During the month of September, Detroit is projected to generate over $184/night for a 2 bedroom vacation rental, on average! There were 1,345 vacation active rental properties in Detroit.  1,101 are renting the entire place, and 244 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Detroit is booked 59% of the time, and most hosts are projected to generate $2,578 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$184.00 Per Night*

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58% Occupied*

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$2,578.00 Per Month*

* Based on the median average of all vacation rentals in the Detroit area.
Get a free estimate for your home or condo.

Featured Detroit Vacation Rental Generating Record Profits With RedAwning

Happy Detroit Island View Gem Starting at $317 to $2,002 per night!

 Tasteful renovation of a Detroit gem that’s minutes from TCF Center/Hart place, Belle isle, Fox Theatre, Detroit institute of Arts, Wayne state, Ford field, Little Caesars Arena and lots more that downtown has to offer.

This is a 5 bed 2 and a half bath home, 2 King size bed 2 with queen and 1 with 2 xl twin beds. The house can comfortably sleep 10 guests or more.

Each room is tastefully finished and is immaculately clean with all white linens

There’s access to... Read More

This Detroit vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Detroit.

Successful short-term vacation rentals in Detroit, Michigan

Detroit has plenty of unique offerings for visitors. The city has a thriving music scene, and there are also plenty of art galleries to visit. There are also several sports teams in town, and the Detroit Tigers play at Comerica Park. Major corporations such as General Motors, Ford, and Chrysler are based in the city. There are also many historic buildings in the city that can be rented out as vacation rentals. Many of the more famous buildings include the Detroit Institute of Arts, the Packard Plant, and Cobo Hall. Many people enjoy staying in a vacation rental while they visit Detroit. It is a great way to see an old city without having to pay for expensive accommodation options like hotels or hostels.

If you're considering renting out your Detroit home as a short-term rental, there are a few things that you should keep in mind. First of all, make sure that your lease is up to date. It's also a good idea to do some research on the area before you rent out your property. You'll want to know the area's top attractions and its average temperature. One of the best ways to make your Detroit home stand out from others is with a beautiful exterior. This includes things like landscaping and lighting. When it comes to lighting, make sure to install reflectors or something similar so that people can see your house at night.

RedAwning takes the guess-work out of Detroit property management, and we work with you to ensure your Detroit short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Detroit vacation rental could earn:

Revenue Projections for Vacation Rentals in Detroit, Michigan during October, 2022

Based on a 2 bedroom, which is the most common Detroit vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Detroit vacation rental is available during these days.
 
$22084%1st
 
$16981%2nd
 
$16379%3rd
 
$16279%4th
 
$16379%5th
 
$16780%6th
 
$20281%7th
 
$21182%8th
 
$17380%9th
 
$16079%10th
 
$16178%11th
 
$16278%12th
 
$16979%13th
 
$21781%14th
 
$24582%15th
 
$17879%16th
 
$16277%17th
 
$16077%18th
 
$16178%19th
 
$16378%20th
 
$20579%21st
 
$21481%22nd
 
$16978%23rd
 
$16478%24th
 
$16779%25th
 
$16578%26th
 
$17879%27th
 
$22179%28th
 
$22179%29th
 
$17478%30th
 
$16277%31st
 

Average Daily Price & Percent Occupied Next Month In Detroit

Note: These averages are based on a 2 bedroom home in Detroit. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Detroit, Michigan?

If you are a speculative home buyer or have another home in Michigan, check out our other Michigan Vacation Rental Management reports in Ann ArborBay CityFrankenmuthGrand HavenGrand RapidsHollandKalamazooLansingSault Ste. MarieTraverse CityAddisonSaugatuckFrankfortDouglasSouth HavenSt. JosephCarp LakeCopper HarborOnawayThompsonvilleWest Bloomfield TownshipBirmingham,  and East Tawas, Michigan or view all of our vacation rental market reports

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