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

Farmington, MI

As of May 2025, Farmington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Farmington's average rent is 15.3% ($208) lower than the Michigan average of $1,363 and 35.6% ($638) lower than the U.S. average of $1,793.

Average Rent

$1,155

Monthly ChangeMonth Over Month Change

22% ($325)

Yearly ChangeYear Over Year Change

0.2% ($2)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,137	2.2% ($24)	4.7% ($51)
2 Beds	$1,325	10% ($147)	No change
3 Beds	$2,188	16.1% ($303)	11.5% ($284)

Nearby Cities	Average Rent	Avg. Rent vs. FarmingtonAverage Rent vs. Farmington	Avg. Days on MarketAverage Days on Market
Novi	$1,753	51.8% ($598)	37 days
Livonia	$1,113	3.6% ($42)	40 days
Southfield	$1,288	11.5% ($133)	35 days
Redford	$1,444	25% ($289)	37 days
West Bloomfield	$1,989	72.2% ($834)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Farmington Rental Market FAQs

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

What is the average rent in Farmington, MI?

The average rent in Farmington, MI is $1,155 per month.

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

Homes in Farmington typically rent for between $796 and $2,844 per month, with an average of $1,155 per month.

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

In Farmington, the average rent for a 1-bedroom home is $1,137 per month, for a 2-bedroom home, $1,325 per month, and a 3-bedroom home is $2,188 per month.

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

The average rent in Farmington is 35.6% ($638) lower than the national average of $1,793 per month.

How have rent prices in Farmington, MI changed recently?

The average rent in Farmington has decreased by 22.0% ($325) in the last month and increased by 0.2% ($2) over the past year.

How competitive is the rental market in Farmington, MI?

The rental market in Farmington, 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 Farmington, MI?

In Farmington, 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 Farmington, MI?

There are currently 22 rental properties available in Farmington, MI.

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

Based on the current averages, a household would need an annual income of $53,000 to comfortably afford a 2-bedroom home in Farmington.