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Viewing 1 of 1 rentals in Farmington
What to Know About
Life in Farmington & Beyond
Farmington shares many of the great qualities that make Michigan a desirable place to live.
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 August 2025, Farmington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Farmington's average rent is 19.0% ($263) lower than the Michigan average of $1,383 and 37.4% ($670) lower than the U.S. average of $1,790.
Average Rent
$1,120
Monthly ChangeMonth Over Month Change
1.5% ($17)
Yearly ChangeYear Over Year Change
25% ($374)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,114 | 1.2% ($13) | 6.5% ($78) |
| 2 Beds | $1,456 | 0.1% ($1) | 0.5% ($8) |
| 3 Beds | $2,349 | 7.6% ($166) | 14.4% ($296) |
| Nearby Cities | Average Rent | Avg. Rent vs. FarmingtonAverage Rent vs. Farmington | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Novi | $1,610 | 43.8% ($490) | 37 days |
| Franklin | $1,564 | 39.6% ($444) | 34 days |
| Livonia | $1,113 | 0.6% ($7) | 40 days |
| Southfield | $1,399 | 24.9% ($279) | 35 days |
| Redford | $1,472 | 31.4% ($352) | 37 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.
The average rent in Farmington, MI is $1,120 per month.
Apartments in Farmington typically rent for between $780 and $3,054 per month, with an average of $1,120 per month.
In Farmington, the average rent for a 1-bedroom apartment is $1,114 per month, for a 2-bedroom apartment, $1,456 per month, and a 3-bedroom apartment is $2,349 per month.
The average rent in Farmington is 37.4% ($670) lower than the national average of $1,790 per month.
The average rent in Farmington has decreased by 1.5% ($17) in the last month and decreased by 25.0% ($374) over the past year.
The rental market in Farmington, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 17 rental properties available in Farmington, MI.
Based on the current averages, a household would need an annual income of $58,240 to comfortably afford a 2-bedroom apartment in Farmington.
