South Lyon, MI Rental Market Trends
The average rent for an apartment in South Lyon is $912, a 3% increase compared to the previous year, when the average rent was $888.
Average Rent in South Lyon, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$912||3%||841 sq. ft.|
The average size for a South Lyon, MI apartment is 841 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.
South Lyon, MI Apartment Rent Ranges
South Lyon, MI Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
1,850 or 37% of the households in South Lyon, MI are renter-occupied while 3,101 or 62% are owner-occupied.
South Lyon, MI Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How South Lyon Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the South Lyon rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!