Rent prices in cities near Farmington
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Farmington, MI Demographics
- Total Population10,520
Female 5,065Male 5,455
- Median Age38.2
The total population of Farmington, MI is 10,520, of which 5,065 are men and 5,455 are women, according to the most recent U.S. Census Bureau estimates. The residents of Farmington have a median age of 38.2.
Average Rent in Farmington, MI
- Farmington, MI Average Rental Price, July 2022 $1,273 /mo
Apartments in Farmington, MI rent for $1,273 per month, on average.
Farmington, MI Apartment Rent Ranges
1% of apartments in Farmington, MI are priced between $501-$700. About 8% charge rents in the $701-$1,000 range. Approximately 75% of Farmington’s apartment rentals are priced between $1,001-$1,500. Meanwhile, 13% of apartments are in the most expensive $1,501-$2,000 range.
Farmington, MI Rent Trends
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The average monthly rent in Farmington, MI is around $1,273, while the national average rent is $1,706.
Farmington, MI Households
- Total Number of Households4,747
Family 2,646Non-family 2,101
Children 1,088No Children 3,659
- Average People Per Household2.19
- Median Household Income$78,875
- Median Housing Costs Per Month$1,104
A total of 4,747 households live in Farmington, MI, of which 2,646 are family households and 2,101 are non-family households, per U.S. Census estimates. Of these, approximately 1,088 households have children and 3,659 households do not have children. The average size of a household in Farmington, MI is 2.19. The median household income in Farmington is $78,875 annually, with $1,104 per month going towards housing.
Farmington, MI Education Statistics
According to Census data, 1% of the population in Farmington, MI have no high school education, 15% went to high school, 24% have some college education, 8% earned an Associate Degree, 33% earned a Bachelor Degree, and 19% earned a Graduate Degree.
Renting a studio apartment in Farmington, MI
The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Farmington, MI is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 25 listings with a total of 30 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Pontiac is the cheapest neighborhood in town—wink wink).
They are called efficiency apartments for a reason
In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Farmington, MI average rent is currently at $1,456, but a single-bedroom apartment in Farmington, MI can be yours for as low as $575 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Farmington, MI with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Farmington, MI costs a monthly $4,025.