Farmington Hills, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Farmington Hills, Michigan rental market.
Farmington Hills, Michigan
Average Apartment Rent
$1,465
Y-o-Y Change in Average
Apartment Rent
-0%
As of March 2026
Compared to a year ago, Farmington Hills, Michigan apartments have recorded a -0% rent decrease.
Farmington Hills, Michigan Average apartment rent trend
Farmington Hills, Michigan Average Apartment Rent
Farmington Hills, Michigan Apartment rent ranges
At 57.17%, apartments priced $1,000 - $1,500 represent the bulk of Farmington Hills, Michigan rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.91%.
Farmington Hills, Michigan Housing tenure**
Renters take up 36% of Farmington Hills, Michigan real estate, occupying a total of 12,625 units, while homeowners live in 22,741 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$68,834
Average household size of renter-occupied housing units**
1.87
Rental vacancy rate**
7.3%
Farmington Hills, Michigan Renter-occupied housing units by no. of bedrooms**
There are 6,857 rentals in Farmington Hills, Michigan with 2 beds making up the highest share of the market, at 54%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 236 units. Overall, the median number of rooms in Farmington Hills, Michigan homes for rent is 4.
Farmington Hills, Michigan Renter-occupied units by age of householder**
Most condos for rent in Farmington Hills, Michigan are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (15%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Farmington Hills, Michigan Renter-occupied housing units by family type**
Farmington Hills, Michigan Renter-occupied housing units by the presence of own children**
A total of 4,676 apartments for rent in Farmington Hills, Michigan, or 37% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 2,261 units. All in all, the median size of a renter-occupied household in Farmington Hills, Michigan is 1.87.
Farmington Hills, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 49% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Farmington Hills, Michigan.
Farmington Hills, Michigan Renter-occupied units by year structure built**
The highest share of Farmington Hills, Michigan apartment rentals, namely 30% or 3,850 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (27%, 3,404 units), and the ones Built 1990 - 1999 (21%, 2,613 units).
Farmington Hills, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Farmington Hills, Michigan renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Farmington Hills, Michigan condos for rent is 2017.
Farmington Hills, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 54% of Farmington Hills, Michigan renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 14% have No vehicle available.
Farmington Hills, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Farmington Hills, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Farmington Hills, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
