Rochester 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 Rochester Hills, Michigan rental market.
Rochester Hills, Michigan
Average Apartment Rent
$1,668
Y-o-Y Change in Average
Apartment Rent
2%
As of March 2026
Compared to a year ago, Rochester Hills, Michigan apartments have recorded a 2% rent increase.
Rochester Hills, Michigan Average apartment rent trend
Rochester Hills, Michigan Average Apartment Rent
Rochester Hills, Michigan Apartment rent ranges
At 48.87%, apartments priced $1,500 - $2,000 represent the bulk of Rochester Hills, Michigan rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.69%.
Rochester Hills, Michigan Housing tenure**
Renters take up 23% of Rochester Hills, Michigan real estate, occupying a total of 6,586 units, while homeowners live in 22,402 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$69,978
Average household size of renter-occupied housing units**
1.89
Rental vacancy rate**
8.9%
Rochester Hills, Michigan Renter-occupied housing units by no. of bedrooms**
There are 2,739 rentals in Rochester Hills, Michigan with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 67 units. Overall, the median number of rooms in Rochester Hills, Michigan homes for rent is 4.
Rochester Hills, Michigan Renter-occupied units by age of householder**
Most condos for rent in Rochester Hills, Michigan are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Rochester Hills, Michigan Renter-occupied housing units by family type**
Rochester Hills, Michigan Renter-occupied housing units by the presence of own children**
A total of 2,566 apartments for rent in Rochester Hills, Michigan, or 39% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 1,289 units. All in all, the median size of a renter-occupied household in Rochester Hills, Michigan is 1.89.
Rochester Hills, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 55% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Rochester Hills, Michigan.
Rochester Hills, Michigan Renter-occupied units by year structure built**
The highest share of Rochester Hills, Michigan apartment rentals, namely 28% or 1,815 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (24%, 1,603 units), and the ones Built 1990 - 1999 (15%, 980 units).
Rochester Hills, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Rochester Hills, Michigan renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rochester Hills, Michigan condos for rent is 2018.
Rochester Hills, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Rochester Hills, Michigan renters have 1 vehicle available per household, 21% of them have 2 vehicles available, and 17% have No vehicle available.
Rochester Hills, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Rochester 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 Rochester 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
