Silver Lake Hills
3200 Foley Glen Dr,
Fenton, MI 48430
1-3 Beds | $1,300 - $1,988
Rental Market Trends in Fenton, MI
Updated July 2026
What is the average rent in Fenton, MI?
$1,286/month
Average Rent
803 Sq Ft
Average Size
+2.9%
Change / Year
91
Available Apartments
Fenton, MI Rental Market Overview
The average rent in Fenton, MI is $1,286 per month. This is 23% lower than the national average rent of $1,662/month, making renting in Fenton more affordable than most cities in the US.
- Studio apartments in Fenton average $1,050 per month.
- One-bedroom apartments in Fenton average $1,286 per month.
- Two-bedroom apartments in Fenton average $1,391 per month.
- Three-bedroom apartments in Fenton average $1,885 or more per month.
Data Updated: July 1, 2026
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Fenton, MI?
In the past year, rent has increased by 2.9%, which averages out to $38 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Fenton, MI
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
9%
$700 - $1,000/month
73%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Fenton?
Based on current rent prices, Fenton/Argentine is the most affordable neighborhood in Fenton.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Fenton?
Based on current rent prices, Fenton/Argentine is the most expensive neighborhood in Fenton.
Neighborhood
Average Rent
Average Sq Ft
Which Fenton neighborhoods have the most rentals available?
The neighborhood in Fenton with the most apartments available is Fenton/Argentine .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Fenton, MI?
Because the average rent in Fenton is $1,286, you’ll want to make about $4,286 per month or $51,432 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.
How does Fenton, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Fenton, 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.
View the Fenton Area GuideStudio
$1,050/month
$1,050/month
One Bedroom
$1,214/month
$1,214/month
Two Bedroom
$1,373/month
$1,373/month
Three Bedroom
$1,885/month
$1,885/month
Apartment Communities in Fenton We Think You'll Love
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
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Fenton?
The average rent in Fenton is $1,286 per month, which is 22.6% lower than the national average of $1,662.
Are rents going up or down in Fenton?
Rents in Fenton, MI are increasing, with prices up 2.9% year-over-year and $38 more per month.
What rent range is most common in Fenton?
In Fenton, MI, 73% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.