Last updated
Average Rent in Farmington Hills 48034 & Rent Trends
Rent prices and market trends across 1 apartment community in Farmington Hills 48034, Farmington Hills, MI. Updated daily.
Market Average
$1,683/mo
Lowest Available
$1,540/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
8
available now
Farmington Hills 48034 vs Farmington Hills, MI Average
Farmington Hills 48034 is more expensive the Farmington Hills, MI average by $30/mo (2%). The citywide average is $1,653/mo across all neighborhoods.
Is Rent Going Up or Down in Farmington Hills 48034?
As of July 2026, the average rent in Farmington Hills 48034 is $1,683 per month across 1 apartment community and 8 available units.
The most affordable option is Carnegie Park starting at $1,540/mo. By unit type, a 1-bedroom averages $1,598/mo, a 2-bedroom averages $1,733/mo.
Prices range from $1,540 to $1,965 per month. The most common price point is the $1,600 range, where 5 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Farmington Hills 48034
Rent Prices by Apartment in Farmington Hills 48034
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Carnegie Park | $1,540/mo | $1,683/mo | 8 | 3.6 |
Google Search Trends for Farmington Hills 48034 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Farmington Hills 48034
What is the average rent in Farmington Hills 48034?
Is rent going up or down in Farmington Hills 48034?
What is the cheapest apartment in Farmington Hills 48034?
How much is a 1-bedroom apartment in Farmington Hills 48034?
How many apartments are available in Farmington Hills 48034?
What salary do I need to live comfortably in Farmington Hills 48034?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$67,000/year
Based on the 30 percent rule, using our tracked average rent of $1,683/mo.
Comfortable income
$81,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,540/mo), you need to earn at least $62,000/year.
Median household income in Farmington Hills 48034 is $101,863 , about 26% above the comfortable-living threshold.
Cost of living in Farmington Hills 48034
Overall prices in Farmington Hills 48034 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 48034's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,683 |
| Utilities | $400 |
| Groceries | $529 |
| Transportation | $954 |
| Healthcare | $466 |
| Other goods and services | $745 |
| Estimated total | $4,777/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.
Explore Farmington Hills 48034 Apartments
Browse all 1 communities with daily-updated pricing and availability.