South Lyon, MI Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in South Lyon is $1,294, a 0.54% increase compared to the previous year, when the average rent was $1,287.
One-bedroom apartments provide 752 square feet for $1,172, balancing privacy and affordability.
Two-beedroom units at $1,419 offer 903 square feet, perfect for roommates or small families.
Average rent in South Lyon, MI
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,294 | 829 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,172 | 752 sq. ft. |
| 2 Beds | $1,419 | 903 sq. ft. |
| 3 Beds | n/a | n/a |
South Lyon, MI rent trends
Rental prices in South Lyon, MI have increased by 0.54% over the past year. The average rent moved from $1,287 to $1,294.
What's the typical rent budget in South Lyon, MI?
The largest share of rentals in South Lyon, MI (84%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in South Lyon, MI?
1,027 or 20% of the households in South Lyon, MI are renter-occupied while 4,006 or 80% are owner-occupied.
How South Lyon Compares to Other Cities
| City | Average Rent |
|---|---|
| South Lyon | $1,294 |
| Detroit | $1,312 |
| Grand Rapids | $1,591 |
| Ann Arbor | $2,039 |
| Lansing | $1,198 |
| East Lansing | $1,706 |
| Kalamazoo | $1,316 |
| Southfield | $1,381 |
| Farmington Hills | $1,495 |
| Ypsilanti | $1,288 |
| Westland | $1,162 |
| Novi | $1,650 |
| Pontiac | $1,199 |
| Howell, MI | $1,489 |
| Livonia, MI | $1,422 |
| Oak Park, MI | $1,247 |
| Birmingham, MI | $3,029 |
| Dearborn Heights, MI | $1,118 |
| Wixom, MI | $1,138 |
| Fenton, MI | $1,298 |
| Garden City, MI | $963 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all South Lyon apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.