Apartments for Rent in Parchment, MI

Prices and availability in Parchment, MI were last updated on 5 Jul 2026.

The best apartments in Parchment, MI are: Parchment Point Townhomes and Spring Valley Crossing.

The average rent in Parchment, MI is $1,280.

In Parchment, 42% of the residents are renting compared to 58% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 3% of Parchment's rentals, 87% are small-scale complexes with under 50 units, and 9% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Parchment are about 27 years old, on average. Of these, 78% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Parchment come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 29% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Parchment. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.