Rent prices in cities near Farmington
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Farmington, MI Demographics
- Total Population10,520
Female 5,065Male 5,455
- Median Age38.2
According to the most recent data from the U.S. Census Bureau, the total population in Farmington, MI is 10,520. The makeup of the population by gender is 5,065 men and 5,455 women. The median age of Farmington’s residents is 38.2.
Average Rent in Farmington, MI
- Farmington, MI Average Rental Price, July 2022 $1,273 /mo
The monthly rate for Farmington, MI apartments is on average $1,273.
Farmington, MI Apartment Rent Ranges
Approximately 1% of apartments in Farmington, MI charge rents around $501-$700. A share of 8% of Farmington’s rental apartments have monthly rents between $701-$1,000. In the rent range of $1,001-$1,500 there are 75% apartment units. 13% of the city’s apartments are in the highest price range of $1,501-$2,000.
Farmington, MI Rent Trends
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The average price of rental apartments nationwide is $1,706, while the monthly rent in Farmington, MI is $1,273, on average.
Farmington, MI Households
- Total Number of Households4,747
Family 2,646Non-family 2,101
Children 1,088No Children 3,659
- Average People Per Household2.19
- Median Household Income$78,875
- Median Housing Costs Per Month$1,104
There is a total of 4,747 households in Farmington, MI, of which 1,088 have children and 3,659 are without children. Per Census data, Farmington has 2,646 family households and 2,101 non-family households. The size of a household in Farmington, MI is 2.19 people, on average. The median household annual income in Farmington is $78,875, and the monthly housing costs are $1,104.
Farmington, MI Education Statistics
In Farmington, MI, 1% of the population have no high school education, according to estimates published by the U.S. Census Bureau. 15% of the city’s population went to high school, 24% of residents completed some college, 8% of the population hold an Associate Degree, as many as 33% hold a Bachelor Degree, and 19% hold a Graduate Degree.
Renting a 2-bedroom apartment in Farmington, MI
A spacious 2-bedroom apartment is a great investment, whether you want to share your apartment with someone else or just turn the other room, say, into a personal office. Located in one of the 25 Farmington, MI properties, you currently have about 212 2-bedroom apartment rentals to choose from. It’s useful to know that the average size for these units is 1,017 Sq.Ft. and they rent for about $1,666. The good news is that these apartments come in all shapes and sizes, so you can be sure that there is something for every taste. With so many apartments to choose from, you might be wondering where to start. RentCafe allows you to filter the results, so you can limit your search to the apartments that fit your criteria. This way, you can filter out the apartments that don’t fit your budget or location preferences and you’ll snatch your perfect home even quicker.
Cheap two-bedroom apartments that won’t burn a hole in your wallet
Use the price, amenities and location filters to find the right apartment for you. In order to make the search easier, we’ll give you a few tips, so you know what to expect. Location is key when renting, so it makes sense that the monthly rent for properties which are close to public transportation, dining and entertainment is higher. Rent prices for 2-bedroom apartments can rise to $3,010, especially if good location comes hand in hand with a modern, well-maintained building, that offers already furnished units. If you are looking for something more affordable, you needn’t fret. There are many cheap 2-bedroom apartments for you to choose from that won’t hurt your wallet. So, if you find an apartment that fits your criteria, don’t let it slip. Contact the property to check its availability, and you can secure your lease directly on RentCafe.