Southfield, MI Rental Market Trends
What is the average rent in Southfield?
The average rent for an apartment in Southfield is $1,103, a 1% increase compared to the previous year, when the average rent was $1,093.
Average Rent in Southfield, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,103 | 1% | 1,093 sq. ft. |
What is the average apartment size in Southfield?
The average size for a Southfield, MI apartment is 1,093 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.
Southfield, MI Apartment Rent Ranges
- $501-$7001%
- $701-$1,00043%
- $1,001-$1,50047%
- $1,501-$2,0007%
- > $2,0002%
Southfield, MI Occupied Housing Units
- Renter-occupied Households47%
- Owner-occupied Households52%
15,223 or 47% of the households in Southfield, MI are renter-occupied while 17,122 or 52% are owner-occupied.
Southfield, MI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Southfield, MI | $999 | $1,001 | $1,036 | $1,035 | $1,063 | $1,100 | $1,093 | $1,070 | $1,104 | $1,103 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
Average Rent in Southfield, 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 |
| Farmington Hills | $1,187 |
| Lathrup Village | $1,185 |
| Village Of Clarkston | $1,167 |
| Royal Oak | $1,150 |
| 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 Southfield?
The most affordable neighborhoods in Southfield 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 Southfield rent of $1,103/mo.
What are the most expensive neighborhoods in Southfield?
The most expensive neighborhoods in Southfield are Troy ($1,308), Ferndale ($1,756) and Birmingham ($1,932).
What are the most popular neighborhoods in Southfield?
The most popular neighborhood in Southfield is Farmington Hills, where there are 15 verified RENTCafé listings with an average rent of $1,187. Next up is Pontiac, where apartments go for $894/month, followed by Royal Oak with $1,150 If you’re looking to rent in Southfield’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.
Southfield | Rent Comparison by Neighborhood
Rent in Auburn Hills is 33% higher than in Berkley
Auburn Hills rent is 10% higher than Southfield average
| Average Rent | $1,211 |
|---|
Berkley rent is 17% lower than Southfield average
| Average Rent | $913 |
|---|
How Southfield Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,140 | 4% |
| East Lansing | $1,299 | n/a |
| Detroit | $1,115 | 4% |
| Ann Arbor | $1,604 | 1% |
| Lansing | $911 | 3% |
| Southfield | $1,103 | 1% |
| Farmington Hills | $1,187 | 1% |
| Pontiac | $894 | 7% |
| Royal Oak | $1,150 | 11% |
| Rochester Hills | $1,264 | 6% |
| Sterling Heights | $1,010 | 7% |