Regal Towers
27000-27600 Franklin Rd,
Southfield, MI 48034
$819 - $1,829
1-3 Beds
Rental Market Trends in Southfield, MI
What is the average rent in Southfield, MI?
$1,181/month
Average Rent
847 Sq Ft
Average Apartment Size
+0.3%
Increase in the Last Year
As of March 2026, the average rent in Southfield, MI is $1,181 per month. This is 27% lower than the national average rent of $1,626/month, making renting in Southfield more affordable than most cities in the US. When you rent an apartment in Southfield, you can expect to pay about $978 per month for a studio, $1,181 for a one-bedroom apartment, and around $1,499 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,994 or more.
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 Southfield, MI?
In the past year, rent has increased by 0.3%, which averages out to $4 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 March 2026
Legend
2025
2026
Rent Ranges in Southfield, MI
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
57%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Southfield?
Based on current rent prices, Kentfield Manor, Meadow Downs and Oakland Gardens are the most affordable neighborhoods in Southfield.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Southfield?
Based on current rent prices, Cranbrook Place, Tyler Estates and Burgh Pointe are the most expensive neighborhoods in Southfield.
Neighborhood
Average Rent
Average Sq Ft
Which Southfield neighborhoods have the most rentals available?
The neighborhoods in Southfield with the most apartments available are Southfield Downtown, Burgh Pointe and Kentfield Manor .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Southfield, MI?
Because the average rent in Southfield is $1,181, you’ll want to make about $3,936 per month or $47,232 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 Southfield, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Southfield, 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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Princeton Management
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M2 Property Group
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Village Green
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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 February 2026.
* Percentages may not total 100 due to rounding.