Farmington Hills, MI Rental Market Trends
What is the average rent in Farmington Hills?
The average rent for an apartment in Farmington Hills is $1,187, a 1% increase compared to the previous year, when the average rent was $1,170.
Average Rent in Farmington Hills, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,187 | 1% | 991 sq. ft. |
What is the average apartment size in Farmington Hills?
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
- $501-$7001%
- $701-$1,00028%
- $1,001-$1,50061%
- $1,501-$2,0009%
- > $2,0001%
Farmington Hills, MI Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
12,851 or 37% of the households in Farmington Hills, MI are renter-occupied while 21,121 or 62% are owner-occupied.
Farmington Hills, MI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Farmington Hills, MI | $1,081 | $1,081 | $1,127 | $1,123 | $1,164 | $1,163 | $1,170 | $1,159 | $1,191 | $1,187 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
Average Rent in Farmington Hills, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Birmingham | $1,932 |
| Ferndale | $1,756 |
| Troy | $1,308 |
| Novi | $1,285 |
| Rochester Hills | $1,264 |
| Walled Lake | $1,255 |
| Wolverine Lake | $1,255 |
| Rochester | $1,248 |
| Auburn Hills | $1,211 |
| Lake Angelus | $1,211 |
| Lathrup Village | $1,185 |
| Village Of Clarkston | $1,167 |
| Royal Oak | $1,150 |
| Southfield | $1,103 |
| Farmington | $1,096 |
| South Lyon | $1,021 |
| Beverly Hills | $1,019 |
| Bingham Farms | $1,019 |
| Franklin | $1,019 |
| Oak Park | $1,003 |
| Oxford Village | $992 |
| Orchard Lake Village | $982 |
| Clawson | $959 |
| Lake Orion | $945 |
| Madison Heights | $938 |
| Keego Harbor | $931 |
| Sylvan Lake | $931 |
| Wixom | $919 |
| Berkley | $913 |
| Holly Village | $901 |
| Pontiac | $894 |
| Hazel Park | $699 |
What are the most affordable neighborhoods in Farmington Hills?
The most affordable neighborhoods in Farmington Hills are Hazel Park, where the average rent goes for $699/month, Pontiac, where renters pay $894/mo on average, and Holly Village, where the average rent goes for $901/mo. If you’re looking for other great deals, check out the listings from Berkley ($913), Wixom ($919), and Keego Harbor ($931), where the asking prices are below the average Farmington Hills rent of $1,187/mo.
What are the most expensive neighborhoods in Farmington Hills?
The most expensive neighborhoods in Farmington Hills are Troy ($1,308), Ferndale ($1,756) and Birmingham ($1,932).
What are the most popular neighborhoods in Farmington Hills?
The most popular neighborhood in Farmington Hills is Southfield, where there are 22 verified RENTCafé listings with an average rent of $1,103. Next up is Pontiac, where apartments go for $894/month, followed by Royal Oak with $1,150 If you’re looking to rent in Farmington Hills’s most popular neighborhoods, make sure to also check out Rochester Hills, where renters pay $1,264 on average, and Novi, where the average monthly rent is $1,285.
Farmington Hills | Rent Comparison by Neighborhood
Rent in Auburn Hills is 33% higher than in Berkley
Auburn Hills rent is 2% higher than Farmington Hills average
| Average Rent | $1,211 |
|---|
Berkley rent is 23% lower than Farmington Hills average
| Average Rent | $913 |
|---|
How Farmington Hills Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,140 | 4% |
| Detroit | $1,115 | 4% |
| East Lansing | $1,299 | n/a |
| Ann Arbor | $1,604 | 1% |
| Lansing | $911 | 3% |
| Southfield | $1,103 | 1% |
| Farmington Hills | $1,187 | 1% |
| Pontiac | $894 | 7% |
| Canton | $1,219 | 7% |
| Royal Oak | $1,150 | 11% |
| Sterling Heights | $1,010 | 7% |