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 July 2025, Farmington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Farmington's average rent is 16.7% ($228) lower than the Michigan average of $1,365 and 35.9% ($638) lower than the U.S. average of $1,775.

Average Rent

$1,137

Monthly ChangeMonth Over Month Change

4.9% ($59)

Yearly ChangeYear Over Year Change

22.4% ($329)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,127	3.7% ($43)	0.1% ($1)
2 Beds	$1,457	6.5% ($102)	4.5% ($69)
3 Beds	$2,183	1.5% ($33)	4% ($83)

Nearby Cities	Average Rent	Avg. Rent vs. FarmingtonAverage Rent vs. Farmington	Avg. Days on MarketAverage Days on Market
Novi	$1,734	52.5% ($597)	37 days
Franklin	$1,543	35.7% ($406)	34 days
Livonia	$1,113	2.1% ($24)	40 days
Southfield	$1,393	22.5% ($256)	35 days
Redford	$1,453	27.8% ($316)	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.

What is the average rent in Farmington, MI?

The average rent in Farmington, MI is $1,137 per month.

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

Houses in Farmington typically rent for between $789 and $2,838 per month, with an average of $1,137 per month.

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

In Farmington, the average rent for a 1-bedroom house is $1,127 per month, for a 2-bedroom house, $1,457 per month, and a 3-bedroom house is $2,183 per month.

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

The average rent in Farmington is 35.9% ($638) lower than the national average of $1,775 per month.

How have rent prices in Farmington, MI changed recently?

The average rent in Farmington has decreased by 4.9% ($59) in the last month and decreased by 22.4% ($329) 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 23 rental properties available in Farmington, MI.

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

Based on the current averages, a household would need an annual income of $58,280 to comfortably afford a 2-bedroom house in Farmington.