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City Report · MI

Taylor

Pop. 62,081·52nd most expensive in Michigan·Taylor rents are up 7.5% over the past year
Median rent (all units)
$1,482/mo
Year-over-Year
+7.5%
Month-over-Month
+3.9%
vs US Median
-$483
Rising (Monthly)
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Most AffordableMost Expensive
Taylor · $1,482
More affordable than 77% of US cities · National median $1,965/mo
Rent Reality Score
41/100
Fairly priced
OverheatedFairGreat value

Rents are 4% above what Taylor's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,482/mo
Expected by trend
$1,420/mo
The Rent Reality Score compares today's median rent to where Taylor's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$840
1 BR
$930
2 BR
$1,170
3 BR
$1,440
4 BR+
$1,550
Research median
$1,170/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
$17,784/yr
At $1,482/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.5% YoY, +3.9% MoM), not inventory.
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Demographics

Who lives here

Taylor, MI is majority owner-occupied, has a median income below the national average, 16.4% of residents hold a bachelor's degree or higher.

Population
62,081
Median income
$61,081
Median age
37.9
Renters
33.3%
Age distribution
22.9%
23.5%
22.7%
14.1%
16.8%
Under 1822.9%
18–3423.5%
35–5422.7%
55–6414.1%
65+16.8%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
67%
19.2%
White67%
Black19.2%
Hispanic7.6%
Asian2.2%
Other4%
Education (25+)
13.4%
39.1%
31%
16.4%
No HS diploma13.4%
HS diploma39.1%
Some college31%
Bachelor's+16.4%
Housing tenure
66.7%
33.3%
Owner66.7%
Renter33.3%

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

2023 vs 2026

How Taylor, MI has changed in 5 years

Rent
$1,184 → $1,482
up 25.2%
Income
$55,358 → $61,081
up 10.3%
Population
63,071 → 62,081
down 1.6%
Renter share
36.2% → 33.3%
-2.9 pts
Bachelor's+
15.1% → 16.4%
+1.3 pts
Median age
38.7 → 37.9
-0.8 yrs

Across the past five years, the going rent in Taylor, MI has shifted from $1,184 to $1,482, up 25.2% since 2023. Census figures show median household income at $61,081 today, compared with $55,358 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Taylor, MI losing about 990 residents over the five-year window, down 1.6% on net. The renter share has eased from 36.2% to 33.3%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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

Can you afford rent in Taylor on your salary?

At $1,482/mo, how Taylor rent compares to typical pay (30% rule).

By apartment size

Taylor rent by bedroom count

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

Local insights

Tips for renters in Taylor

About renting in Taylor, MI

Last updated: July 20, 2026

The median rent in Taylor is $1,482/mo as of July 2026. A studio apartment averages $840/mo while a 2-bedroom runs $1,170/mo. One-bedroom apartments average $930/mo and 3-bedroom units go for $1,440/mo.

At 29% of local median household income ($61,081/yr), Taylor ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.

FAQ

Frequently asked questions

Is Taylor an affordable city for renters?

Taylor is considered affordable for renters. At $1,482/mo, rent takes approximately 29% of the local median household income ($61,081/yr). The standard benchmark is 30%. Taylor falls comfortably within that range.

How much income do you need to rent in Taylor?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,482/mo in Taylor. The local median household income is $61,081/yr, meaning the typical Taylor household meets that threshold.

Is rent going up or down in Taylor?

Rent in Taylor has increased 7.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Taylor rent compare to other cities in Michigan?

Taylor is middle-of-the-pack for Michigan for rent, ranking #52 out of 95 tracked cities at $1,482/mo.

Which nearby cities are cheaper to rent in than Taylor?

Several nearby cities have lower median rents than Taylor ($1,482/mo): Riverview ($1,210/mo), Inkster ($1,293/mo), Dearborn Heights ($1,459/mo).

What percentage of Taylor residents rent vs. own?

According to Census data, approximately 33.3% of Taylor households are renters, while 66.7% are owner-occupied. Taylor leans toward homeownership, which can mean a smaller rental inventory.

How does Taylor rent compare to the national average?

Taylor's median rent of $1,482/mo is $483 (25%) below the US national median of $1,965/mo. Within Michigan, it ranks #52 out of 95 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,482/mo, rent takes ~29% of Taylor's median household income ($61,081/yr). The standard benchmark is 30%.

Taylor 29%Benchmark 30%
State income tax4.25%
Run the Taylor affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Taylor, MI

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