Rent in South Lyon, MI
A 2-bedroom in South Lyon, MI (ZIP 48178) typically rents for about $1,454 a month, with a range of $1,387–$1,520. 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 | $953 | $775–$1,130 | 1 |
| 1 bed | $1,201 | $1,152–$1,250 | 1 |
| 2 beds | $1,454 | $1,387–$1,520 | 1 |
| 3 beds | $1,847 | $1,773–$1,920 | 1 |
| 4 beds | $2,107 | $2,094–$2,120 | 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) and Census ACS 5-year median gross rent (Dec 31, 2024).
South Lyon ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in South Lyon, MI?
- About $1,454 a month: the median of the typical rents in 1 ZIP code, which range from $1,387–$1,520. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in South Lyon, MI?
- About $1,201 a month: the median of the typical rents in 1 ZIP code, which range from $1,152–$1,250. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in South Lyon, MI?
- About $1,847 a month: the median of the typical rents in 1 ZIP code, which range from $1,773–$1,920. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in South Lyon, MI?
- About $953 a month: the median of the typical rents in 1 ZIP code, which range from $775–$1,130. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in South Lyon, MI?
- About $2,107 a month: the median of the typical rents in 1 ZIP code, which range from $2,094–$2,120. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in South Lyon, 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 South Lyon rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).