Rent in Highland, MI
Across Highland's 2 ZIP codes, a 2-bedroom typically rents for about $1,281 a month, with figures from $1,075–$1,586. The highest typical rent is in 48356 ($1,343) and the lowest in 48357 ($1,218). 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 | $885 | $790–$1,047 | 2 |
| 1 bed | $985 | $880–$1,167 | 2 |
| 2 beds | $1,281 | $1,075–$1,586 | 2 |
| 3 beds | $1,400 | $879–$1,720 | 2 |
| 4 beds | $1,625 | $1,450–$1,929 | 2 |
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).
Highland ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Highland, MI?
- About $1,281 a month: the median of the typical rents in 2 ZIP codes, which range from $1,075–$1,586. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Highland, MI?
- About $985 a month: the median of the typical rents in 2 ZIP codes, which range from $880–$1,167. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Highland, MI?
- About $1,400 a month: the median of the typical rents in 2 ZIP codes, which range from $879–$1,720. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Highland, MI?
- About $885 a month: the median of the typical rents in 2 ZIP codes, which range from $790–$1,047. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Highland, MI?
- About $1,625 a month: the median of the typical rents in 2 ZIP codes, which range from $1,450–$1,929. Figures are gross rent (rent plus tenant-paid utilities).
- Which Highland ZIP code has the highest rent?
- For a 2-bedroom, 48356 has the highest typical rent at $1,343 a month, and 48357 the lowest at $1,218.
- What is the property tax rate in Highland, 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 Highland 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).