Long-term Rental Rates — September 2026 · ZIPs: 48331,48334,48374,48375
Local market data by Estaite
As of September 2026, rental prices in Farmington Hills / Novi (48331, 48334, 48374, 48375), in the Detroit metro area, range from $1,334 to $2,816 per month depending on property type and bedroom count.
The largest year-over-year rent increase was seen in single-family 4BR homes in Farmington Hills / Novi, MI, which rose 9.85%.
For 3BR units, single-family homes command a median rent of $2,281, while the condo/townhome median is $2,401.
What is the rent range for apartments, condos, and single-family homes in Farmington Hills / Novi, MI?
In September 2026, rents in Farmington Hills / Novi, MI range from $1,334 per month for a 1BR single-family home up to $2,816 for a 4BR single-family home.
Which segment had the biggest month-over-month change in Farmington Hills / Novi, MI?
The sharpest MoM increase occurred in single-family 3BR homes, rising 4.35% from the previous month to $2,281.
Are rents overall rising or falling in Farmington Hills / Novi, MI?
Overall, rents are rising across almost all segments in Farmington Hills / Novi, MI, with every property type/bedroom combination showing positive YoY growth ranging from 2.51% to 9.85% as of September 2026.
What is the most expensive property/bedroom combination in Farmington Hills / Novi, MI?
The highest median rent is $2,816 per month for a 4BR single-family home in Farmington Hills / Novi, MI as of September 2026.
Farmington Hills / Novi, MI· Detroit metro
September 2026
48331,48334,48374,48375
Long-term Rental Rates
Long-term rental rates for Farmington Hills / Novi (48331,48334,48374,48375), in the Detroit metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,383 – $1,498
2.92%
6.65%
2-Bedroom
$1,636 – $1,808
0.82%
3.73%
3-Bedroom
$1,992 – $2,158
-0.78%
2.98%
4-Bedroom
$2,206 – $2,307
0.45%
3.94%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,354 – $1,395
1.50%
2.51%
2-Bedroom
$1,778 – $1,896
-0.50%
4.38%
3-Bedroom
$2,317 – $2,485
2.13%
7.55%
4-Bedroom
$2,469 – $2,614
0.47%
4.35%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,328 – $1,363
0.15%
4.38%
2-Bedroom
$1,640 – $1,741
3.11%
4.83%
3-Bedroom
$2,208 – $2,354
4.35%
5.10%
4-Bedroom
$2,703 – $2,928
2.69%
9.85%
Data updated: October 19, 2026
Farmington Hills / Novi Rental Trends · Detroit metro
In the Farmington Hills / Novi (48331, 48334, 48374, 48375) rental market, 1-bedroom apartments rose sharply to a median of $1,372, registering a 3.41% increase month over month and a 6.41% gain year over year. This segment saw the most pronounced recent uptick compared to other property types and bedrooms.
Among 3-bedroom units across Farmington Hills / Novi (48331, 48334, 48374, 48375), single-family homes command the highest median rent at $2,196, surpassing both apartments at $2,005 and condos/townhomes at $2,271. The single-family segment also posted a 7.07% annual increase, reflecting the strongest year-over-year gain among 3-bedroom options.
Monthly declines are evident in the condo/townhome sector, as Farmington Hills / Novi (48331, 48334, 48374, 48375) rental trends indicate a 4.07% drop in 2-bedroom unit median rents to $1,733. While still maintaining modest 1.80% annual growth, this marks the sharpest month-over-month decline among all property segments.