Greater Richland, 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 Greater Richland, Michigan rental market.
Greater Richland, Michigan
Average Apartment Rent
$1,436
Y-o-Y Change in Average
Apartment Rent
8.4%
As of May 2026
Compared to a year ago, Greater Richland, Michigan apartments have recorded a 8.4% rent increase.
Greater Richland, Michigan Average apartment rent trend
Greater Richland, Michigan Average Apartment Rent
Greater Richland, Michigan Apartment rent ranges
At 49.25%, apartments priced $1,000 - $1,500 represent the bulk of Greater Richland, Michigan rentals, while condos priced Under $1,000 hold the lowest share of the market – 4.48%.
Greater Richland, Michigan Housing tenure**
Renters take up 24% of Greater Richland, Michigan real estate, occupying a total of 94 units, while homeowners live in 301 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$38,409
Average household size of renter-occupied housing units**
2.23
Greater Richland, Michigan Renter-occupied housing units by no. of bedrooms**
There are 67 rentals in Greater Richland, Michigan with 2 beds making up the highest share of the market, at 71%. Units with 3 beds, on the other hand, hold the lowest percentage (2%), amounting to 2 units. Overall, the median number of rooms in Greater Richland, Michigan homes for rent is 4.4.
Greater Richland, Michigan Renter-occupied units by age of householder**
Most condos for rent in Greater Richland, Michigan are occupied by residents in the 60 - 64 years age group (19%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 3%.
Greater Richland, Michigan Renter-occupied housing units by family type**
Greater Richland, Michigan Renter-occupied housing units by the presence of own children**
A total of 40 apartments for rent in Greater Richland, Michigan, or 43% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 22 units. All in all, the median size of a renter-occupied household in Greater Richland, Michigan is 2.23.
Greater Richland, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 44% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Greater Richland, Michigan.
Greater Richland, Michigan Renter-occupied units by year structure built**
The highest share of Greater Richland, Michigan apartment rentals, namely 38% or 36 units, were Built 1990 - 1999, followed by those Built 2010 - 2019 (27%, 25 units), and the ones Built 1980 - 1989 (19%, 18 units).
Greater Richland, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Greater Richland, Michigan renters (53%) moved in 2018 to 2020, while only 5% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Greater Richland, Michigan condos for rent is 2019.
Greater Richland, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 64% of Greater Richland, Michigan renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 5% have 3 or more vehicles available.
Greater Richland, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Greater Richland, 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 Greater Richland, 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
