Southfield, MI Rental Market Trends

Highlights

The average rent for an apartment in Southfield is $1,036, a 3% increase compared to the previous year, when the average rent was $1,002.

Average Rent in Southfield, MI

Last updated Mar 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,036 3% 1,130 sq. ft.

The average size for a Southfield, MI apartment is 1,130 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.

Southfield, MI Apartment Rent Ranges

  • $501-$7005%
  • $701-$1,00051%
  • $1,001-$1,50036%
  • $1,501-$2,0006%
  • > $2,0002%

Southfield, MI Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Mar / 2019
Southfield, MI $915 $953 $954 $963 $985 $1,002 $999 $1,001 $1,036
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Southfield, MI By Neighborhood

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The most affordable neighborhoods in Southfield 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 Southfield rent of $1,036/mo.

The most expensive neighborhoods in Southfield are Novi ($1,198), Troy ($1,248) and Birmingham ($1,656).

Southfield | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Auburn Hills is 26% higher than in Berkley

$1,106

Auburn Hills rent is 7% higher than Southfield average

Average Rent $1,106
$878

Berkley rent is 15% lower than Southfield average

Average Rent $878

How Does Southfield Compare to Nearby Cities

Average Rent Y-o-Y Change
Farmington Hills $1,127 3%
Novi $1,198 1%
Royal Oak $974 1%
Madison Heights $902 2%
Troy $1,248 3%
Pontiac $804 5%
Auburn Hills $1,106 n/a
Wixom $720 7%
Southfield $1,036 3%
Rochester Hills $1,123 1%

For more information about the Southfield rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Southfield apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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