How much does it cost to rent in Bloomfield Hills, MI?

As of July 2026, the median monthly rent in Bloomfield Hills, MI is $2,235. This figure is based on aggregated data from public sources and community-submitted rents.

Is Bloomfield Hills cheaper than other Michigan cities?

Bloomfield Hills is one of the pricier cities in Michigan, ranking #3 out of 95 cities tracked at $2,235/mo.

When was Bloomfield Hills rent data last updated?

Bloomfield Hills rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MI

Bloomfield Hills

Name: Average Rent Prices in Bloomfield Hills, MI
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 4,415·3rd most expensive in Michigan·Bloomfield Hills rents have dropped 22.6%, currently a renter's market

Median rent (all units)

$2,235/mo

Year-over-Year

-22.6%

Month-over-Month

-4.5%

vs US Median

+$270

Falling (Monthly)

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Most AffordableMost Expensive

Bloomfield Hills · $2,235

More expensive than 70% of US cities · National median $1,965/mo

Rent Reality Score

95/100

Great value

OverheatedFairGreat value

Rents are 22% below what Bloomfield Hills's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,235/mo

Expected by trend

$2,881/mo

The Rent Reality Score compares today's median rent to where Bloomfield Hills's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,350

1 BR

$1,490

2 BR

$1,880

3 BR

$2,300

4 BR+

$2,490

Research median

$1,880/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$26,820/yr

At $2,235/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 22.6% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-22.6% YoY, -4.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Bloomfield Hills, MI is majority owner-occupied, has a large retiree population, has a median income above the national average, 78.9% of residents hold a bachelor's degree or higher.

Population

4,415

Median income

$189,942

Median age

48.4

Renters

14.2%

Age distribution

20.5%

16.6%

21.4%

12.7%

28.8%

Under 1820.5%

18–3416.6%

35–5421.4%

55–6412.7%

65+28.8%

Gender

45.1%

54.9%

Male45.1%

Female54.9%

Race & ethnicity

83.7%

White83.7%

Black4.1%

Hispanic1.6%

Asian4.5%

Other6.1%

Education (25+)

78.9%

No HS diploma1.3%

HS diploma10.8%

Some college9%

Bachelor's+78.9%

Housing tenure

85.8%

14.2%

Owner85.8%

Renter14.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Bloomfield Hills, MI has changed in 5 years

Rent

$2,194 → $2,235

up 1.9%

Income

$188,828 → $189,942

up 0.6%

Population

4,393 → 4,415

up 0.5%

Renter share

10.3% → 14.2%

+3.9 pts

Bachelor's+

76.8% → 78.9%

+2.1 pts

Median age

51.1 → 48.4

-2.7 yrs

Rent in Bloomfield Hills, MI has climbed 1.9% since 2023, going from about $2,194 per month to roughly $2,235 today. Household income in the area moved from $188,828 to $189,942 across the same window, up 0.6% versus 2021. About 14.2% of households rent today, against 10.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 76.8% to 78.9%. Reading these numbers side by side helps frame whether current listings in Bloomfield Hills, MI look reasonable against where the market sat half a decade ago.

Community

Discussions about Bloomfield Hills

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View Bloomfield Hills rent history (2015–2026) →

Salary vs rent

Can you afford rent in Bloomfield Hills on your salary?

At $2,235/mo, how Bloomfield Hills rent compares to typical pay (30% rule).

Registered Nurse

Avg $90,701/yr · Rent = 29.6% income

affordable

Elementary School Teacher

Avg $64,397/yr · Rent = 41.6% income

rent-burdened

Police Officer

Avg $74,179/yr · Rent = 36.2% income

stretched

Software Developer

Avg $132,586/yr · Rent = 20.2% income

affordable

Lawyer

Avg $169,411/yr · Rent = 15.8% income

very comfortable

Firefighter

Avg $60,298/yr · Rent = 44.5% income

rent-burdened

Truck Driver

Avg $54,442/yr · Rent = 49.3% income

rent-burdened

Electrician

Avg $67,104/yr · Rent = 40% income

stretched

By apartment size

Bloomfield Hills rent by bedroom count

Median rent for each apartment size in Bloomfield Hills. Click any size for full breakdown.

Local insights

Tips for renters in Bloomfield Hills

About renting in Bloomfield Hills, MI

Last updated: July 20, 2026

The median rent in Bloomfield Hills is $2,235/mo as of July 2026. A studio apartment averages $1,350/mo while a 2-bedroom runs $1,880/mo. One-bedroom apartments average $1,490/mo and 3-bedroom units go for $2,300/mo.

At 14% of local median household income ($189,942/yr), Bloomfield Hills ranks as affordable compared to the national benchmark of 30%. Rents have decreased 22.6% over the past year.

FAQ

Frequently asked questions

Is Bloomfield Hills an affordable city for renters?

Bloomfield Hills is considered very affordable for renters. At $2,235/mo, rent takes approximately 14% of the local median household income ($189,942/yr). The standard benchmark is 30%. Bloomfield Hills falls comfortably within that range.

How much income do you need to rent in Bloomfield Hills?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (~$43/hour full-time) to afford the median rent of $2,235/mo in Bloomfield Hills. The local median household income is $189,942/yr, meaning the typical Bloomfield Hills household meets that threshold.

Is rent going up or down in Bloomfield Hills?

Rent in Bloomfield Hills has decreased 22.6% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Bloomfield Hills rent compare to other cities in Michigan?

Bloomfield Hills is one of the pricier cities in Michigan for rent, ranking #3 out of 95 tracked cities at $2,235/mo.

Which nearby cities are cheaper to rent in than Bloomfield Hills?

Several nearby cities have lower median rents than Bloomfield Hills ($2,235/mo): Pontiac ($1,296/mo), Auburn Hills ($1,754/mo), Troy ($1,861/mo).

What percentage of Bloomfield Hills residents rent vs. own?

According to Census data, approximately 14.2% of Bloomfield Hills households are renters, while 85.8% are owner-occupied. Bloomfield Hills leans toward homeownership, which can mean a smaller rental inventory.

How does Bloomfield Hills rent compare to the national average?

Bloomfield Hills's median rent of $2,235/mo is $270 (14%) above the US national median of $1,965/mo. Within Michigan, it ranks #3 out of 95 tracked cities.

Income Affordability

14%

VERY AFFORDABLE

At $2,235/mo, rent takes ~14% of Bloomfield Hills's median household income ($189,942/yr). The standard benchmark is 30%.

Bloomfield Hills 14%Benchmark 30%

State income tax4.25%

Run the Bloomfield Hills affordability calculator →

Nearby cities