Farmington Hills / Novi, MI
April 2026
48331,48334,48374,48375
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,277 – $1,383 | -1.95% | 4.62% |
| 2-Bedroom | $1,539 – $1,701 | -1.81% | 3.29% |
| 3-Bedroom | $1,897 – $2,076 | -0.04% | 3.82% |
| 4-Bedroom | $2,093 – $2,200 | 0.42% | 4.87% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,276 – $1,334 | -1.05% | 3.37% |
| 2-Bedroom | $1,746 – $1,872 | 4.14% | 7.60% |
| 3-Bedroom | $2,109 – $2,248 | -1.25% | 3.22% |
| 4-Bedroom | $2,294 – $2,438 | 0.72% | 3.91% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,250 – $1,293 | 0.80% | 5.15% |
| 2-Bedroom | $1,566 – $1,665 | 2.25% | 5.87% |
| 3-Bedroom | $2,067 – $2,217 | 2.15% | 6.15% |
| 4-Bedroom | $2,484 – $2,691 | 3.19% | 6.47% |
In the Farmington Hills / Novi (48331, 48334, 48374, 48375) rental market, 2-bedroom condos saw median rents increase 4.14% from March, reaching $1,809. This gain places condos ahead of 2-bedroom apartments, which declined to $1,620, and single-family homes at $1,613, reflecting notable demand for condos in April 2026.
For renters seeking space, 4-bedroom single-family homes in Farmington Hills / Novi (48331, 48334, 48374, 48375) reached $2,587, marking a 6.47% year-over-year rise. These rentals lead 4-bedroom condos by $224, with condos posting a $2,363 median, highlighting the strength of single-family pricing among larger units in April.
Apartment rents for 1-bedroom units dropped 1.95% month-over-month to $1,330, while 1-bedroom condos experienced a smaller 1.05% decline to $1,305. These shifts impact Farmington Hills / Novi (48331, 48334, 48374, 48375) rental trends, indicating softer demand in apartment units than condo counterparts for April 2026.