Rent in Farmington, MI
Across Farmington's 6 ZIP codes, a 2-bedroom typically rents for about $1,722 a month, with figures from $1,253–$2,180. The highest typical rent is in 48331 ($2,028) and the lowest in 48336 ($1,342). Owner-occupied homes in Oakland County pay about 1.27% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,170 | $858–$1,560 | 6 |
| 1 bed | $1,331 | $1,096–$1,740 | 6 |
| 2 beds | $1,722 | $1,253–$2,180 | 6 |
| 3 beds | $2,124 | $1,708–$2,650 | 6 |
| 4 beds | $2,335 | $1,868–$3,149 | 6 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Farmington ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Farmington, MI?
- About $1,722 a month: the median of the typical rents in 6 ZIP codes, which range from $1,253–$2,180. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Farmington, MI?
- About $1,331 a month: the median of the typical rents in 6 ZIP codes, which range from $1,096–$1,740. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Farmington, MI?
- About $2,124 a month: the median of the typical rents in 6 ZIP codes, which range from $1,708–$2,650. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Farmington, MI?
- About $1,170 a month: the median of the typical rents in 6 ZIP codes, which range from $858–$1,560. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Farmington, MI?
- About $2,335 a month: the median of the typical rents in 6 ZIP codes, which range from $1,868–$3,149. Figures are gross rent (rent plus tenant-paid utilities).
- Which Farmington ZIP code has the highest rent?
- For a 2-bedroom, 48331 has the highest typical rent at $2,028 a month, and 48336 the lowest at $1,342.
- What is the property tax rate in Farmington, MI?
- Owner-occupied homes in Oakland County pay a typical 1.27% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Farmington rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).