RentDataNowRentDataNow
City Report · MI

Farmington Hills

Pop. 83,515·62nd most expensive in Michigan·One of the most affordable rental markets in the US
Median rent (all units)
$1,388/mo
Year-over-Year
-1.5%
Month-over-Month
-3.3%
vs US Median
-$574
Falling (Monthly)
Be the first to discuss Farmington Hills rents ↓
Most AffordableMost Expensive
Farmington Hills · $1,388
More affordable than 82% of US cities · National median $1,962/mo
Rent Reality Score
72/100
Good value
OverheatedFairGreat value

Rents are 11% below what Farmington Hills's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,388/mo
Expected by trend
$1,561/mo
The Rent Reality Score compares today's median rent to where Farmington Hills's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,220
1 BR
$1,340
2 BR
$1,695
3 BR
$2,080
4 BR+
$2,245
Fair Market Rent (HUD)
$1,695/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,388 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

Loading…

Last updated: August 17, 2026

Annual cost
$16,656/yr
At $1,388/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.5% YoY, -3.3% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Farmington Hills, MI is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.6% of residents hold a bachelor's degree or higher.

Population
83,515
Median income
$104,836
Median age
42.6
Renters
35.3%
Age distribution
17.8%
23%
24.5%
13.5%
21.2%
Under 1817.8%
18–3423%
35–5424.5%
55–6413.5%
65+21.2%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
59.7%
18.3%
14%
White59.7%
Black18.3%
Hispanic2.6%
Asian14%
Other5.4%
Education (25+)
14.4%
24%
57.6%
No HS diploma4%
HS diploma14.4%
Some college24%
Bachelor's+57.6%
Housing tenure
64.7%
35.3%
Owner64.7%
Renter35.3%

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

2021 vs 2026

How Farmington Hills, MI has changed in 5 years

Rent
$1,137 → $1,388
up 22.1%
Income
$93,434 → $104,836
up 12.2%
Population
83,749 → 83,515
down 0.3%
Renter share
36.2% → 35.3%
-0.9 pts
Bachelor's+
56.6% → 57.6%
+1.0 pts
Median age
42.1 → 42.6
+0.5 yrs

Across the past five years, the going rent in Farmington Hills, MI has shifted from $1,137 to $1,388, up 22.1% since 2021. On the earnings side, the typical household in Farmington Hills, MI now reports about $104,836, up from $93,434 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Farmington Hills, MI reflects that arc in its own way.

Community

Discussions about Farmington Hills

No discussions yet. Start the conversation.

View Farmington Hills rent history (2015–2026) →
Salary vs rent

Can you afford rent in Farmington Hills on your salary?

At $1,388/mo, how Farmington Hills rent compares to typical pay (30% rule).

By apartment size

Farmington Hills rent by bedroom count

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

Local insights

Tips for renters in Farmington Hills

About renting in Farmington Hills, MI

Last updated: August 17, 2026

The median rent in Farmington Hills is $1,388/mo as of August 2026. A studio apartment averages $1,220/mo while a 2-bedroom runs $1,695/mo. One-bedroom apartments average $1,340/mo and 3-bedroom units go for $2,080/mo.

At 16% of local median household income ($104,836/yr), Farmington Hills ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

Is Farmington Hills an affordable city for renters?

Farmington Hills is considered very affordable for renters. At $1,388/mo, rent takes approximately 16% of the local median household income ($104,836/yr). The standard benchmark is 30%. Farmington Hills falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,388/mo in Farmington Hills. The local median household income is $104,836/yr, meaning the typical Farmington Hills household meets that threshold.

Is rent going up or down in Farmington Hills?

Rent in Farmington Hills has decreased 1.5% over the past year as of August 2026, offering some relief compared to 12 months ago.

Which Farmington Hills neighborhoods have the lowest rent?

The most affordable ZIP codes in Farmington Hills are 48336 ($1,568/mo), and 48331 ($1,758/mo). Citywide, the median rent in Farmington Hills is $1,388/mo.

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

Farmington Hills is middle-of-the-pack for Michigan for rent, ranking #62 out of 96 tracked cities at $1,388/mo.

What percentage of Farmington Hills residents rent vs. own?

According to Census data, approximately 35.3% of Farmington Hills households are renters, while 64.7% are owner-occupied. Farmington Hills leans toward homeownership, which can mean a smaller rental inventory.

How does Farmington Hills rent compare to the national average?

Farmington Hills's median rent of $1,388/mo is $574 (29%) below the US national median of $1,962/mo. Within Michigan, it ranks #62 out of 96 tracked cities.
Income Affordability
16%
VERY AFFORDABLE

At $1,388/mo, rent takes ~16% of Farmington Hills's median household income ($104,836/yr). The standard benchmark is 30%.

Farmington Hills 16%Benchmark 30%
State income tax4.25%
Run the Farmington Hills affordability calculator →
Lowest-rent ZIP codes in Farmington Hills
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Farmington Hills, MI

Recent submissions

Be the first to submit your rent for Farmington Hills.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google