Average Rent in Parchment, MI and Rent Price Trends

Rent trends in Parchment, MI

Average rent prices in Parchment have increased by 8% over the last month and have increased by 24% 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 $1,099, whereas a house costs $1,310. 1-bedroom apartments in Parchment run $919 on average, while 2-bedroom apartments are $1,099.


Studio	$775	-	-
1 bedroom	$1,350	No Change	80%
2 bedroom	$1,125	1%	63%
3 bedroom	$1,800	No Change	-
4 bedroom	$1,699	-	-

		Listings
Parchment	$1,149

				Listings
Apartments	$1,099	1%	No Change
Houses	$1,310	No Change	No Change

Studio

Average rent

$775

1 bedroom

Average rent

$1,350

Last 30 days

No Change

Last year

80%

2 bedroom

Average rent

$1,125

Last 30 days

Last year

63%

3 bedroom

Average rent

$1,800

4 bedroom

Average rent

$1,699

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$1,149

40%

lower than the national median

Median rent price$1,199

38%

lower than the national median

Takeaway

The median rent for all rentals in Parchment, MI is 4% lower than the median rent in Augusta, MI.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,199

$1,350

$1,050

$1,349

$1,400

$1,200

$1,289

$1,420

$1,270

$1,695

$1,050

$1,149

Discover rentals in Parchment, MI

5d+ ago

Apartment for rent in Parchment

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

2 beds

1 bath

$910

Apartment for rent

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–$1,375

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 $1,149 per month as of July 25, 2026.

Is rent up or down in Parchment?

Average rent prices in Parchment have increased by 8% over the last month and have increased by 24% since last year.

How does Parchment rent compare to the national average?

Rent in Parchment is 40% below the national average, which means renters are paying approximately $781 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 $46,000/year, based on spending no more than 30% of your income on rent.

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).