Farmington Hills, MI Rental Market Trends
The average rent for an apartment in Farmington Hills is $1,170, a 4% increase compared to the previous year, when the average rent was $1,123.
Average Rent in Farmington Hills, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,170||4%||991 sq. ft.|
The average size for a Farmington Hills, MI apartment is 991 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Farmington Hills, MI Apartment Rent Ranges
- > $2,0001%
Farmington Hills, MI Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
12,748 or 37% of the households in Farmington Hills, MI are renter-occupied while 21,209 or 62% are owner-occupied.
Farmington Hills, MI Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Farmington Hills, MI By Neighborhood
|Orchard Lake Village||$941|
|Village Of Clarkston||$1,005|
The most affordable neighborhoods in Farmington Hills are Hazel Park, where the average rent goes for $663/month, Wixom, where renters pay $832/mo on average, and Pontiac, where the average rent goes for $833/mo. If you’re looking for other great deals, check out the listings from Lake Orion ($862), Clawson ($884), and Holly Village ($894), where the asking prices are below the average Farmington Hills rent of $1,170/mo.
The most expensive neighborhoods in Farmington Hills are Troy ($1,268), Birmingham ($1,749) and Ferndale ($1,754).
The most popular neighborhood in Farmington Hills is Southfield, where there are 23 verified RENTCafé listings with an average rent of $1,093. Next up is Pontiac, where apartments go for $833/month, followed by Rochester Hills with $1,192 If you’re looking to rent in Farmington Hills’s most popular neighborhoods, make sure to also check out Novi, where renters pay $1,226 on average, and Auburn Hills, where the average monthly rent is $1,151.
Farmington Hills | Rent Comparison by Neighborhood
Rent in Auburn Hills is 25% higher than in Berkley
Auburn Hills rent is 2% lower than Farmington Hills average
Berkley rent is 21% lower than Farmington Hills average
How Farmington Hills Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Farmington Hills rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!