• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
  • Houses For Rent
  • Condos For Rent
  • Townhomes For Rent
  • Help Center
  • Area Guide
  • Rent Calculator

Language

Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Farmington, MI

What is the average rent in Farmington, MI?

$1,088/month

Average Rent

818 Sq Ft

Average Apartment Size

+1.9%

Increase in the Last Year

As of April 2026, the average rent in Farmington, MI is $1,088 per month. This is 34% lower than the national average rent of $1,641/month, making renting in Farmington more affordable than most cities in the US. When you rent an apartment in Farmington, you can expect to pay about $734 per month for a studio, $1,088 for a one-bedroom apartment, and around $1,320 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,300 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$734/month
601 Sq Ft
One Bedroom
$1,088/month
818 Sq Ft
Two Bedroom
$1,320/month
1,103 Sq Ft
Three Bedroom
$1,300/month
1,150 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Farmington, MI?

In the past year, rent has increased by 1.9%, which averages out to $22 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Farmington, MI
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Farmington, MI
Percentage*
Rent Range
6% Below $700/month
29% $700 - $1,000/month
59% $1,001 - $1,500/month
0% $1,501 - $2,000/month
6% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Farmington?

Based on current rent prices, Farmington Village Co-op is the most affordable neighborhood in Farmington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Farmington Village Co-op
$1,362/month
800 Sq Ft

What are the most expensive neighborhoods in Farmington?

Based on current rent prices, Farmington Village Co-op is the most expensive neighborhood in Farmington.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Farmington Village Co-op
$1,362/month
800 Sq Ft

Which Farmington neighborhoods have the most rentals available?

The neighborhood in Farmington with the most apartments available is Farmington Village Co-op .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Farmington Village Co-op
$1,362/month
800 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Farmington, MI?

Because the average rent in Farmington is $1,088, you’ll want to make about $3,626 per month or $43,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Farmington, MI

276 Available Apartments for Rent

Search for Nearby Apartments

How does Farmington, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Farmington, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Farmington, MI

Apartment Averages

Farmington Village Co-op

Farmington, MI

Farmington Village Co-op

Farmington, MI

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Farmington Hills Average Rent
  • Livonia Average Rent
  • Northville Average Rent
  • Novi Average Rent
  • Southfield Average Rent

Apartment communities in Farmington we think you'll love

Green Hill Apartments

Green Hill Apartments

22225 Green Hill Rd,
Farmington, MI 48335

$1,210 - $1,900

1-2 Beds

Drakeshire

Drakeshire

35105 Drakeshire Pl,
Farmington, MI 48335

$1,080 - $1,320

1-2 Beds

Muirwood Terraces and Apartments

Muirwood Terraces and Apartments

35055 Muirwood Dr,
Farmington Hills, MI 48335

$1,185 - $2,876

1-3 Beds

Diamond Forest Apartments

Diamond Forest Apartments

23140 Halsted Rd,
Farmington Hills, MI 48335

$1,499 - $1,946

1-2 Beds

Learn More with Helpful Articles

When Is the Best Time to Move?

The pros and cons of moving during each season.

Non-Monetary Factors to Consider When Renting or Buying a Home

Money isn't the only matter.

Tips for Finding an Apartment in a New City

Concrete jungle or small-town suburb? Your new home awaits.

The Benefits of Renters Insurance

Better safe than sorry! Protect yourself(and your stuff) with renters insurance.

Explore the Renterverse

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Start managing your rentals
United States Michigan Farmington Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Newest Listings
  • Sitemap
apartments.com
© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity