Last updated
Average Rent in Farmington Hills, MI & Rent Trends
Rent prices and market trends across 1 apartment community in Farmington Hills, MI. Updated daily.
Market Average
$1,435/mo
Lowest Available
$1,040/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
18
available now
Price Cuts This Week in Farmington Hills, MI
8 listed units across 1 building offering studio units in Farmington Hills, MI dropped their asking rent in the past 7 days, an average cut of $256/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Paragon Properties Co | Unit 16 | $2,014 | $1,360 | $654 |
| Paragon Properties Co | Unit 14 | $1,588 | $1,180 | $408 |
| Paragon Properties Co | Unit 13 | $1,298 | $1,040 | $258 |
| Paragon Properties Co | Unit 10 | $1,785 | $1,588 | $197 |
| Paragon Properties Co | Unit 8 | $1,975 | $1,785 | $190 |
| Paragon Properties Co | Unit 7 | $1,510 | $1,350 | $160 |
| Paragon Properties Co | Unit 15 | $1,290 | $1,165 | $125 |
| Paragon Properties Co | Unit 4 | $1,525 | $1,470 | $55 |
Rent by Neighborhood in Farmington Hills, MI
Compare average rent across Farmington Hills, MI neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Farmington Hills 48331 | $1,780 | ▲ $31 | $1,485 | 2 | 21 |
| Southfield 48034 | $1,530 | ▼ $275 | $849 | 2 | 11 |
| Bingham Farms 48025 | $1,435 | - | $1,040 | 1 | 18 |
| Farmington 48335 | $1,284 | ▼ $37 | $1,120 | 2 | 7 |
Is Rent Going Up or Down in Farmington Hills, MI?
As of July 2026, the average rent in Farmington Hills, MI is $1,435 per month across 1 apartment community and 18 available units.
The most affordable option is Paragon Properties Co starting at $1,040/mo. By unit type, a studio averages $1,435/mo.
Prices range from $1,040 to $2,014 per month. The most common price point is the $1,200 range, where 6 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Farmington Hills, MI
Rent Prices by Apartment in Farmington Hills, MI
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Paragon Properties Co | $1,040/mo | $1,435/mo | 18 | 3.7 |
Frequently Asked Questions About Rent in Farmington Hills, MI
What is the average rent in Farmington Hills, MI?
Is rent going up or down in Farmington Hills, MI?
What is the cheapest apartment in Farmington Hills, MI?
How many apartments are available in Farmington Hills, MI?
What salary do I need to live comfortably in Farmington Hills, MI?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$57,000/year
Based on the 30 percent rule, using our tracked average rent of $1,435/mo.
Comfortable income
$69,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,040/mo), you need to earn at least $42,000/year.
Median household income in Farmington Hills, MI is $101,863 , about 48% above the comfortable-living threshold.
Cost of living in Farmington Hills, MI
Overall prices in Farmington Hills, MI runs below the national average by about 2% (BEA Regional Price Parity index 98.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Farmington Hills, MI's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,435 |
| Utilities | $400 |
| Groceries | $529 |
| Transportation | $954 |
| Healthcare | $466 |
| Other goods and services | $745 |
| Estimated total | $4,529/mo |
Population
83,316
Median household income
$101,863
Census median rent
$1,475/mo
Rent as % of income
25.5%
Median age
41.4
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Farmington Hills, MI Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Farmington Hills, MI Apartments
Browse all 1 communities with daily-updated pricing and availability.