Rent in Madison Heights, MI
A 2-bedroom in Madison Heights, MI (ZIP 48071) typically rents for about $1,370 a month, with a range of $1,309–$1,430. 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 | $1,015 | $1,000–$1,030 | 1 |
| 1 bed | $1,106 | $1,071–$1,140 | 1 |
| 2 beds | $1,370 | $1,309–$1,430 | 1 |
| 3 beds | $1,655 | $1,570–$1,740 | 1 |
| 4 beds | $1,890 | $1,890–$1,929 | 1 |
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).
Madison Heights ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Madison Heights, MI?
- About $1,370 a month: the median of the typical rents in 1 ZIP code, which range from $1,309–$1,430. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Madison Heights, MI?
- About $1,106 a month: the median of the typical rents in 1 ZIP code, which range from $1,071–$1,140. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Madison Heights, MI?
- About $1,655 a month: the median of the typical rents in 1 ZIP code, which range from $1,570–$1,740. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Madison Heights, MI?
- About $1,015 a month: the median of the typical rents in 1 ZIP code, which range from $1,000–$1,030. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Madison Heights, MI?
- About $1,890 a month: the median of the typical rents in 1 ZIP code, which range from $1,890–$1,929. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Madison Heights, 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 Madison Heights 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).