Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Canton, MI

As of August 2025, Canton's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Canton's average rent is 21.8% ($301) higher than the Michigan average of $1,383 and 5.9% ($106) lower than the U.S. average of $1,790.

Average Rent

$1,684

Monthly ChangeMonth Over Month Change

3.3% ($58)

Yearly ChangeYear Over Year Change

5.4% ($87)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,331	0.6% ($8)	1% ($13)
2 Beds	$1,768	1% ($18)	8.3% ($135)
3 Beds	$2,271	2.8% ($62)	24.7% ($450)

Nearby Cities	Average Rent	Avg. Rent vs. CantonAverage Rent vs. Canton	Avg. Days on MarketAverage Days on Market
Plymouth	$2,722	61.6% ($1038)	40 days
Wayne	$826	51% ($858)	41 days
Westland	$1,169	30.6% ($515)	37 days
Garden City	$972	42.3% ($712)	40 days
Ypsilanti	$1,275	24.3% ($409)	31 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Canton Rental Market FAQs

Explore rental prices, market trends, and availability in Canton, MI.

What is the average rent in Canton, MI?

The average rent in Canton, MI is $1,684 per month.

What is the rental price range for homes in Canton, MI?

Homes in Canton typically rent for between $932 and $2,952 per month, with an average of $1,684 per month.

What is the average rent for different bedroom sizes in Canton, MI?

In Canton, the average rent for a 1-bedroom home is $1,331 per month, for a 2-bedroom home, $1,768 per month, and a 3-bedroom home is $2,271 per month.

How do rent prices in Canton, MI compare with the national average?

The average rent in Canton is 5.9% ($106) lower than the national average of $1,790 per month.

How have rent prices in Canton, MI changed recently?

The average rent in Canton has decreased by 3.3% ($58) in the last month and increased by 5.4% ($87) over the past year.

How competitive is the rental market in Canton, MI?

The rental market in Canton, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Canton, MI?

In Canton, MI, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Canton, MI?

There are currently 9 rental properties available in Canton, MI.

Can I afford to rent a home in Canton, MI?

Based on the current averages, a household would need an annual income of $70,720 to comfortably afford a 2-bedroom home in Canton.