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

Southfield, MI

As of April 2026, Southfield's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Southfield's average rent is 50.9% ($723) higher than the Michigan average of $1,420 and 19.9% ($355) higher than the U.S. average of $1,788.

Average Rent

$2,143

Monthly ChangeMonth Over Month Change

27.8% ($825)

Yearly ChangeYear Over Year Change

68.3% ($870)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,077	4% ($86)	112.8% ($1101)
2 Beds	$2,808	0% ($1)	117.5% ($1517)
3 Beds	$3,748	5.4% ($213)	126.7% ($2095)

Nearby Cities	Average Rent	Avg. Rent vs. SouthfieldAverage Rent vs. Southfield	Avg. Days on MarketAverage Days on Market
Franklin	$1,791	16.4% ($352)	34 days
Oak Park	$1,303	39.2% ($840)	36 days
Berkley	$1,342	37.4% ($801)	34 days
Birmingham	$1,691	21.1% ($452)	32 days
Royal Oak	$1,659	22.6% ($484)	74 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Southfield Rental Market FAQs

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

What is the average rent in Southfield, MI?

The average rent in Southfield, MI is $2,143 per month.

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

Homes in Southfield typically rent for between $1,454 and $4,872 per month, with an average of $2,143 per month.

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

In Southfield, the average rent for a 1-bedroom home is $2,077 per month, for a 2-bedroom home, $2,808 per month, and a 3-bedroom home is $3,748 per month.

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

The average rent in Southfield is 19.9% ($355) higher than the national average of $1,788 per month.

How have rent prices in Southfield, MI changed recently?

The average rent in Southfield has decreased by 27.8% ($825) in the last month and increased by 68.3% ($870) over the past year.

How competitive is the rental market in Southfield, MI?

The rental market in Southfield, 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 Southfield, MI?

In Southfield, 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 Southfield, MI?

There are currently 7 rental properties available in Southfield, MI.

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

Based on the current averages, a household would need an annual income of $112,320 to comfortably afford a 2-bedroom home in Southfield.