Great Oaks
940 Oakwood Dr,
Rochester, MI 48307
$1,275 - $1,450
1-2 Beds
Rental Market Trends in Rochester, MI
What is the average rent in Rochester, MI?
$1,264/month
Average Rent
746 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
Rochester, MI Rental Market Overview
The average rent in Rochester, MI is $1,264 per month. This is 23% lower than the national average rent of $1,644/month, making renting in Rochester more affordable than most cities in the US.
- Studio apartments in Rochester average $850 per month.
- One-bedroom apartments in Rochester average $1,264 per month.
- Two-bedroom apartments in Rochester average $1,614 per month.
- Three-bedroom apartments in Rochester average $2,949 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average 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 Rochester, MI?
In the past year, rent has increased by 3.4%, which averages out to $43 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 2026
Legend
2025
2026
Rent Ranges in Rochester, MI
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
33%
$700 - $1,000/month
40%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
20%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Rochester?
Based on current rent prices, Downtown Rochester is the most affordable neighborhood in Rochester.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Rochester?
Based on current rent prices, Downtown Rochester is the most expensive neighborhood in Rochester.
Neighborhood
Average Rent
Average Sq Ft
Which Rochester neighborhoods have the most rentals available?
The neighborhood in Rochester with the most apartments available is Downtown Rochester .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Rochester, MI?
Because the average rent in Rochester is $1,264, you’ll want to make about $4,213 per month or $50,556 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 Rochester, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Rochester, 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.
Studio
-
-
One Bedroom
$2,049/month
$2,049/month
Two Bedroom
$2,795/month
$2,795/month
Three Bedroom
$4,313/month
$4,313/month
Nearby City Rent Trends
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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.