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Rental Market Trends in Hillsdale, MI

What is the average rent in Hillsdale, MI?

$693/month

Average Rent

551 Sq Ft

Average Apartment Size

+2.4%

Increase in the Last Year

As of June 2025, the average rent in Hillsdale, MI is $693 per month. This is 57% lower than the national average rent of $1,627/month, making renting in Hillsdale more affordable than most cities in the US. When you rent an apartment in Hillsdale, you can expect to pay about $565 per month for a studio, $693 for a one-bedroom apartment, and around $922 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $866 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$565/month
292 Sq Ft
One Bedroom
$693/month
551 Sq Ft
Two Bedroom
$922/month
900 Sq Ft
Three Bedroom
$866/month
954 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 Hillsdale, MI?

In the past year, rent has increased by 2.4%, which averages out to $17 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Hillsdale, MI
Last Updated June 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Hillsdale, MI
Percentage*
Rent Range
50% Below $700/month
25% $700 - $1,000/month
25% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Hillsdale is $693, you’ll want to make about $2,310 per month or $27,720 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

Hillsdale, MI

31 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Hillsdale, 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 Hillsdale, MI

Apartment Averages

Apartment communities in Hillsdale we think you'll love

Whitney Estates Apartments

Whitney Estates Apartments

50 Whitney Estates Blvd,
Hillsdale, MI 49242

1-2 Beds | $1,170 - $1,260

Carriage Park Apartments (Carriage Park In...

Carriage Park Apartments (Carriage Park In...

34-64 State St,
Hillsdale, MI 49242

Studio - 2 Beds | $795 - $995

134 Hillsdale Street

134 Hillsdale Street

134 Hillsdale Street,
HILLSDALE, MI 49242

1-2 Beds | $725 - $850

Greenwood Village

Greenwood Village

300 Village Green Blvd,
Hillsdale, MI 49242

1-3 Beds | $760 - $1,040

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United States Michigan Hillsdale 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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity