Average Rent in Parchment, MI and Rent Price Trends

Rent trends in Parchment, MI

Average rent prices in Parchment have decreased by 7% over the last month and have increased by 25% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Parchment, MI

Rent prices in Parchment vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Parchment is $1,077, whereas a house costs $1,524. 1-bedroom apartments in Parchment run $919 on average, while 2-bedroom apartments are $1,077.


Studio	$800	-	-
1 bedroom	$1,350	No Change	63%
2 bedroom	$1,299	3%	58%
3 bedroom	$1,325	No Change	-
4 bedroom	$1,500	2%	-

		Listings
Parchment	$1,100


Apartments	$1,077	No Change	No Change
Condos	$875	No Change	-
Houses	$1,524	No Change	No Change

Studio

Average rent

$800

1 bedroom

Average rent

$1,350

Last 30 days

No Change

Last year

63%

2 bedroom

Average rent

$1,299

Last 30 days

Last year

58%

3 bedroom

Average rent

$1,325

4 bedroom

Average rent

$1,500

Last 30 days

The table above reflects average rent prices in Parchment, MI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Parchment, MI compare to other cities?

Compare median rent prices in Parchment and Augusta by all bedroom counts and property types.

Parchment

Median rent price$1,125

42%

lower than the national median

Median rent price$1,055

46%

lower than the national median

Takeaway

The median rent for all rentals in Parchment, MI is 7% higher than the median rent in Augusta, MI.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,055

$1,150

$1,125

$1,122

$1,175

$1,349

$1,000

$1,115

$1,195

$1,600

$1,050

$1,200

Discover rentals in Parchment, MI

Parchment Point Townhomes - Photo 1 of 1

18h ago

8.8

Very good

Parchment Point Townhomes

450 Haymac Dr, Parchment, MI 49004

1–3 beds

1–2 baths

$919–$1,410

Apartment for rent

No deposit

5d+ ago

Apartment for rent in Parchment

2 beds

1 bath

$949

Apartment for rent

5d+ ago

Apartment for rent in Parchment

1710 E G Ave Apt 3b #3B, Parchment, MI 49004

2 beds

1 bath

$955

Apartment for rent

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Frequently asked questions for Parchment, MI

Quick answers to common questions about the Parchment rental market.

How much is rent in Parchment?

The average rent in Parchment is $1,125 per month as of June 13, 2026.

Is rent up or down in Parchment?

Average rent prices in Parchment have decreased by 7% over the last month and have increased by 25% since last year.

How does Parchment rent compare to the national average?

Rent in Parchment is 42% below the national average, which means renters are paying approximately $825 less per month.

What salary do I need to afford rent in Parchment?

To comfortably afford rent in Parchment, you'd need to earn approximately $45,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Parchment?

Parchment's rental market has a relatively limited selection of listings, with an average of 15 available per month. Renters should be prepared to act quickly when a suitable apartment becomes available.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).