Farmington Hills, MI Rental Market Trends
Highlights
The average rent for an apartment in Farmington Hills is $1,127, a 3% increase compared to the previous year, when the average rent was $1,094.
Average Rent in Farmington Hills, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,127 | 3% | 1,014 sq. ft. |
The average size for a Farmington Hills, MI apartment is 1,014 square feet, but this number varies greatly depending on apartment type. 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
- $501-$7002%
- $701-$1,00033%
- $1,001-$1,50055%
- $1,501-$2,0009%
- > $2,0001%
Farmington Hills, MI Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Apr / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Farmington Hills, MI | $1,001 | $1,016 | $1,055 | $1,043 | $1,071 | $1,094 | $1,081 | $1,081 | $1,127 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
Average Rent in Farmington Hills, MI By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Hazel Park | $620 | ||||
| Wixom | $720 | ||||
| Pontiac | $804 | ||||
| Lake Orion | $821 | ||||
| Sylvan Lake | $835 | ||||
| Keego Harbor | $835 | ||||
| Clawson | $857 | ||||
| Berkley | $878 | ||||
| Holly Village | $879 | ||||
| Orchard Lake Village | $893 | ||||
| Madison Heights | $902 | ||||
| Oak Park | $927 | ||||
| South Lyon | $931 | ||||
| Oxford Village | $957 | ||||
| Royal Oak | $974 | ||||
| Village Of Clarkston | $1,006 | ||||
| Southfield | $1,036 | ||||
| Farmington | $1,049 | ||||
| Franklin | $1,057 | ||||
| Bingham Farms | $1,057 | ||||
| Beverly Hills | $1,057 | ||||
| Lake Angelus | $1,106 | ||||
| Auburn Hills | $1,106 | ||||
| Lathrup Village | $1,116 | ||||
| Rochester Hills | $1,123 | ||||
| Rochester | $1,139 | ||||
| Wolverine Lake | $1,150 | ||||
| Walled Lake | $1,150 | ||||
| Novi | $1,198 | ||||
| Troy | $1,248 | ||||
| Birmingham | $1,656 | ||||
The most affordable neighborhoods in Farmington Hills are Hazel Park, where the average rent goes for $620/month, Wixom, where renters pay $720/mo on average, and Pontiac, where the average rent goes for $804/mo. If you’re looking for other great deals, check out the listings from Lake Orion ($821), Keego Harbor ($835), and Sylvan Lake ($835), where the asking prices are below the average Farmington Hills rent of $1,127/mo.
The most expensive neighborhoods in Farmington Hills are Novi ($1,198), Troy ($1,248) and Birmingham ($1,656).
Farmington Hills | Rent Comparison by Neighborhood
Rent in Auburn Hills is 26% higher than in Berkley
Auburn Hills rent is 2% lower than Farmington Hills average
| Average Rent | $1,106 |
|---|
Berkley rent is 22% lower than Farmington Hills average
| Average Rent | $878 |
|---|
How Does Farmington Hills Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Southfield | $1,036 | 3% |
| Farmington Hills | $1,127 | 3% |
| Novi | $1,198 | 1% |
| Pontiac | $804 | 5% |
| Rochester Hills | $1,123 | 1% |
| Madison Heights | $902 | 2% |
| Royal Oak | $974 | 1% |
| Wixom | $720 | 7% |
| Auburn Hills | $1,106 | n/a |
| Troy | $1,248 | 3% |
For more information about the Farmington Hills rental trends, check out our monthly rent report