Renter Resources
Don't Sign the Lease Until You Understand These Clauses
One word in your lease can cost you hundreds or save you from a nightmare. Here's how to turn legalese into clear decisions before you sign.
•10 min read
Viewing 1-2 of 2 rentals in Romeo
What to Know About
Life in Romeo & Beyond
Romeo 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
Romeo, MI
As of August 2025, Romeo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Romeo's average rent is 23.5% ($325) lower than the Michigan average of $1,383 and 40.9% ($732) lower than the U.S. average of $1,790.
Average Rent
$1,058
Monthly ChangeMonth Over Month Change
3.8% ($42)
Yearly ChangeYear Over Year Change
3% ($31)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $802 | 3% ($25) | 1.4% ($11) |
| 2 Beds | $1,061 | 3.7% ($41) | 3.3% ($34) |
| 3 Beds | $1,339 | 4.9% ($69) | 1.8% ($24) |
| Nearby Cities | Average Rent | Avg. Rent vs. RomeoAverage Rent vs. Romeo | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Washington | $1,251 | 18.2% ($193) | 38 days |
| Oxford | $1,089 | 2.9% ($31) | 35 days |
| Rochester | $1,920 | 81.5% ($862) | 32 days |
| Lake Orion | $3,737 | 253.2% ($2679) | 37 days |
| Utica | $1,457 | 37.7% ($399) | 39 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Romeo Rental Market FAQs
Explore rental prices, market trends, and availability in Romeo, MI.
The average rent in Romeo, MI is $1,058 per month.
Homes in Romeo typically rent for between $600 and $1,741 per month, with an average of $1,058 per month.
In Romeo, the average rent for a 1-bedroom home is $802 per month, for a 2-bedroom home, $1,061 per month, and a 3-bedroom home is $1,339 per month.
The average rent in Romeo is 40.9% ($732) lower than the national average of $1,790 per month.
The average rent in Romeo has decreased by 3.8% ($42) in the last month and increased by 3.0% ($31) over the past year.
The rental market in Romeo, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Romeo, MI, the average rental stays on the market for approximately 38 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 2 rental properties available in Romeo, MI.
Based on the current averages, a household would need an annual income of $42,440 to comfortably afford a 2-bedroom home in Romeo.
