Farmington, MI Rental Market Trends
What is the average rent in Farmington?
The average rent for an apartment in Farmington is $1,144, a 6% increase compared to the previous year, when the average rent was $1,077.
Average Rent in Farmington, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,144||6%||926 sq. ft.|
What is the average apartment size in Farmington?
The average size for a Farmington, MI apartment is 926 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, MI Apartment Rent Ranges
Farmington, MI Occupied Housing Units
1,867 or 40% of the households in Farmington, MI are renter-occupied while 2,791 or 59% are owner-occupied.
Farmington, MI Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021|
How Farmington Compares to Other Cities
|Average Rent||Y-o-Y Change|