Last updated
Average Rent in Bingham Farms 48025 & Rent Trends
Rent prices and market trends across 1 apartment community in Bingham Farms 48025, 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 Bingham Farms 48025
8 listed units across 1 building in Bingham Farms 48025 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 |
Bingham Farms 48025 vs Farmington Hills, MI Average
Bingham Farms 48025 is cheaper the Farmington Hills, MI average by $127/mo (8%). The citywide average is $1,562/mo across all neighborhoods.
Is Rent Going Up or Down in Bingham Farms 48025?
As of July 2026, the average rent in Bingham Farms 48025 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 Bingham Farms 48025
Rent Prices by Apartment in Bingham Farms 48025
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Paragon Properties Co | $1,040/mo | $1,435/mo | 18 | 3.7 |
Frequently Asked Questions About Rent in Bingham Farms 48025
What is the average rent in Bingham Farms 48025?
Is rent going up or down in Bingham Farms 48025?
What is the cheapest apartment in Bingham Farms 48025?
How many apartments are available in Bingham Farms 48025?
What salary do I need to live comfortably in Bingham Farms 48025?
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 Bingham Farms 48025 is $101,863 , about 48% above the comfortable-living threshold.
Cost of living in Bingham Farms 48025
Overall prices in Bingham Farms 48025 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 Bingham Farms 48025'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 Bingham Farms 48025 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Bingham Farms 48025 Apartments
Browse all 1 communities with daily-updated pricing and availability.