Well I'm just a newbie investor that is looking in the Metro Detroit area but it seems like a decent area. It's just south of the border for Ferndale which is a "class A" adjacent area. Royal Oak being the "class A" area. How much you could get will depend largely on how nice the remodel is. $1,500 seems really high for a 2 bed in that area but 1,100sf is a lot of space for a 2 bed. There are high-end units renting for that much and more, in the metro area. Also, how many abandoned houses are near-by will affect the price of both rent and the property. Conservatively, I would say you could ask $900-$1,000 and have "the pick of the litter" for tenants, even if it is just an average remodel.
But that is just a general statement based on the limited info presented. One of the tricks I use to see if sellers are bumping the rent estimates too high is by looking on apartments.com for similar available units in the area. If you have a target neighborhood you can create a favorites list of all the units and track which ones get rented out and how fast. This will let you get a good feel for demand (and price) in the area.
Hope that helps and good luck.