Rents are 3% below what Taylor's 10-year trend predicts — a better deal than its own history suggests.
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 $1,518 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 Taylor is 1.2% below its high of $1,536 in April 2026, at $1,518 as of September 2026.
Rent in Taylor changed +0.4% over the year to September 2026. Across the 79 Michigan cities Zillow tracks, the typical change was +4.1%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($61,081) is $1,527 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,440); a 4-bedroom is $1,550.
Lincoln Park, 5 miles away, rents for 19% less ($1,236/mo), about $3,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Taylor. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Taylor, MI has changed in 5 years
Across the past five years, the going rent in Taylor, MI has shifted from $1,318 to $1,518, up 15.2% 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.
Discussions about Taylor
No discussions yet. Start the conversation.
Can you afford rent in Taylor on your salary?
At $1,518/mo, how Taylor rent compares to typical pay (30% rule).
Taylor rent by bedroom count
Median rent for each apartment size in Taylor. Click any size for full breakdown.
Tips for renters in Taylor
Last updated: October 17, 2026
The median rent in Taylor is $1,518/mo as of October 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 30% of local median household income ($61,081/yr), Taylor ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.4% over the past year.
Frequently asked questions
How much income do you need to rent in Taylor?
Is rent going up or down in Taylor?
How does Taylor rent compare to other cities in Michigan?
At $1,518/mo, rent takes ~30% of Taylor's median household income ($61,081/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Taylor.
No discussions yet.