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City Report · MI

Canton

·15th most expensive in Michigan·Canton rents are up 12.9% over the past year
Median rent (all units)
$1,992/mo
Year-over-Year
+12.9%
Month-over-Month
+1.4%
vs US Median
+$30
Rising (Monthly)
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Most AffordableMost Expensive
Canton · $1,992
More expensive than 58% of US cities · National median $1,962/mo
Rent Reality Score
44/100
Fairly priced
OverheatedFairGreat value

Rents are 3% above what Canton's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,992/mo
Expected by trend
$1,933/mo
The Rent Reality Score compares today's median rent to where Canton's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,380
2 BR
$1,740
3 BR
$2,130
4 BR+
$2,305
Fair Market Rent (HUD)
$1,740/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,992 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,904/yr
At $1,992/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.9% YoY, +1.4% MoM), not inventory.
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2021 vs 2026

How Canton, MI has changed in 5 years

Rent
$1,441 → $1,992
up 38.2%

Rent in Canton, MI has climbed 38.2% since 2021, going from about $1,441 per month to roughly $1,992 today. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Canton, MI market of 2021.

Community

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View Canton rent history (2015–2026) →
Salary vs rent

Can you afford rent in Canton on your salary?

At $1,992/mo, how Canton rent compares to typical pay (30% rule).

By apartment size

Canton rent by bedroom count

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

Local insights

Tips for renters in Canton

About renting in Canton, MI

Last updated: August 17, 2026

The median rent in Canton is $1,992/mo as of August 2026. A studio apartment averages $1,250/mo while a 2-bedroom runs $1,740/mo. One-bedroom apartments average $1,380/mo and 3-bedroom units go for $2,130/mo.

At 33% of estimated US median household income ($72,000/yr), Canton ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.9% over the past year.

FAQ

Frequently asked questions

Is Canton an affordable city for renters?

Canton is considered moderate for renters. At $1,992/mo, rent takes approximately 33% of the US median household income ($72,000/yr). The standard benchmark is 30%. Canton slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Canton?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,992/mo in Canton.

Is rent going up or down in Canton?

Rent in Canton has increased 12.9% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Canton neighborhoods have the lowest rent?

The most affordable ZIP codes in Canton are 48187 ($1,935/mo), and 48188 ($2,119/mo). Citywide, the median rent in Canton is $1,992/mo.

How does Canton rent compare to other cities in Michigan?

Canton is one of the pricier cities in Michigan for rent, ranking #15 out of 96 tracked cities at $1,992/mo.

Which nearby cities are cheaper to rent in than Canton?

Several nearby cities have lower median rents than Canton ($1,992/mo): Romulus ($1,225/mo), Wayne ($1,258/mo), Westland ($1,288/mo).

How does Canton rent compare to the national average?

Canton's median rent of $1,992/mo is $30 (2%) above the US national median of $1,962/mo. Within Michigan, it ranks #15 out of 96 tracked cities.
Income Affordability
33%
MODERATE

At $1,992/mo, rent takes ~33% of US median household income ($72,000/yr). The standard benchmark is 30%.

Canton 33%Benchmark 30%
State income tax4.25%
Run the Canton affordability calculator →
Lowest-rent ZIP codes in Canton
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Canton, MI

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