Average Rent in Parma, MI and Rent Price Trends

Rent price trends in
Parma, MI

Rent price trends

Rent prices for all bedroom counts and property types in Parma, MI have increased by 13% in the last month and have decreased by 39% in the last year.

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

Rent comparables in
Parma, MI
The monthly rent for an apartment in Parma, MI is $1,000. A 1-bedroom apartment in Parma, MI costs about $1,017 on average, while a 2-bedroom apartment is $895. Houses for rent in Parma, MI are more expensive, with an average monthly cost of $1,800.


1 bedroom	$950	No Change	47%
2 bedroom	$1,010	16%	38%
3 bedroom	$1,300	1%	10%
4 bedroom	$2,000	No Change	30%
Studio	$1,000	No Change	-


Apartments	$1,000	3%	No Change
Condos	$950	-	No Change
Houses	$1,800	6%	No Change

Studio

Average rent

$1,000

1 bedroom

Average rent

$950

Last year

47%

2 bedroom

Average rent

$1,010

Last 30 days

16%

Last year

38%

3 bedroom

Average rent

$1,300

Last 30 days

Last year

10%

4 bedroom

Average rent

$2,000

Last year

30%

The table above reflects average rent prices in Parma, 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.

Compare rent prices in Parma, MI to other cities

Median rent prices in Parma, MI for all bedroom counts and property types compared to Albion, MI.

Parma

Median rent price$975

49%

lower than the national median

Median rent price$975

49%

lower than the national median

Takeaway

The median rent for all rentals in Parma, MI is equal to the median rent in Albion, MI.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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