Starting at $849 Per Month
- 1 - 3 Beds
27000-27600 Franklin Rd, Southfield, MI 48034
Something for Everyone! 1, 2 & 3 Bedroom Apartments in Southfield, MI. Find your new home today! Call to schedule your tour with Emma.
Regal Towers
(947) 282-5480
Frequently Asked Questions
How much does it cost to rent a home in Southfield, MI?
The median rent for a home in Southfield, MI is $1,900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Southfield, MI?
To comfortably afford the median rent in Southfield, MI, a household needs to earn roughly $76,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,900 per month in Southfield, MI, renters typically need to show $5,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Southfield, MI?
In Southfield, MI, the price-to-rent ratio is 10.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Southfield, MI are best for renting a home?
The best neighborhood for renting in Southfield, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include O'Hair Park, Greenfield, Berg-Lahser, Evergreen Lahser and Holcomb Community, each with its own character and price range.
