Rents are 4% above what Bloomfield Hills's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,718 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Bloomfield Hills is at its highest level since Zillow's records here began in February 2023.
Rent in Bloomfield Hills changed +7.9% over the year to September 2026. Across the 79 Michigan cities Zillow tracks, the typical change was +4.1%.
Rent has risen 7 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($189,942) is $4,749 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,490).
Troy, 5 miles away, rents for 32% less ($1,854/mo), about $10,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Bloomfield Hills. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Bloomfield Hills, MI has changed in 5 years
Rent in Bloomfield Hills, MI has climbed 17.8% since 2023, going from about $2,307 per month to roughly $2,718 today. Household income in the area moved from $188,828 to $189,942 across the same window, up 0.6% versus 2021. Rent outpaced income growth by roughly 17.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 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.
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Can you afford rent in Bloomfield Hills on your salary?
At $2,718/mo, how Bloomfield Hills rent compares to typical pay (30% rule).
Bloomfield Hills rent by bedroom count
Median rent for each apartment size in Bloomfield Hills. Click any size for full breakdown.
Tips for renters in Bloomfield Hills
Last updated: October 17, 2026
The median rent in Bloomfield Hills is $2,718/mo as of October 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 17% of local median household income ($189,942/yr), Bloomfield Hills ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.9% over the past year.
Frequently asked questions
How much income do you need to rent in Bloomfield Hills?
Is rent going up or down in Bloomfield Hills?
How does Bloomfield Hills rent compare to other cities in Michigan?
Which nearby cities are cheaper to rent in than Bloomfield Hills?
At $2,718/mo, rent takes ~17% of Bloomfield Hills's median household income ($189,942/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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