Average Rent in Parma, MI and Rent Price Trends

Rent trends in Parma, MI

Average rent prices in Parma have decreased by 17% over the last month and have decreased 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
Parma, MI

Rent prices in Parma vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Parma is $929, whereas a house costs $1,847. 1-bedroom apartments in Parma run $875 on average, while 2-bedroom apartments are $895.


Studio	$1,022	-	-
1 bedroom	$925	No Change	-
2 bedroom	$909	2%	20%
3 bedroom	$1,795	No Change	20%
4 bedroom	$1,895	No Change	-


Apartments	$929	2%	No Change
Condos	$1,362	-	No Change
Houses	$1,847	No Change	No Change

Studio

Average rent

$1,022

1 bedroom

Average rent

$925

Last 30 days

No Change

2 bedroom

Average rent

$909

Last 30 days

Last year

20%

3 bedroom

Average rent

$1,795

Last year

20%

4 bedroom

Average rent

$1,895

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.

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

Compare median rent prices in Parma and Albion by all bedroom counts and property types.

Parma

Median rent price$1,060

46%

lower than the national median

Median rent price$975

50%

lower than the national median

Takeaway

The median rent for all rentals in Parma, MI is 9% higher than the median rent in Albion, MI.

Average rent in nearby cities

Explore rent trends in neighboring markets

$975

$940

$1,022

$1,175

$975

$1,022

$1,025

$1,104

$975

$1,119

$1,055

$875

Discover rentals in Parma, MI

5d+ ago

Apartment for rent in Parma

12631 W Michigan Ave, Parma, MI 49269

2 beds

1 bath

$825

Apartment for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Parma, MI

Quick answers to common questions about the Parma rental market.

How much is rent in Parma?

The average rent in Parma is $1,060 per month as of June 13, 2026.

Is rent up or down in Parma?

Average rent prices in Parma have decreased by 17% over the last month and have decreased by 24% since last year.

How does Parma rent compare to the national average?

Rent in Parma is 46% below the national average, which means renters are paying approximately $890 less per month.

What salary do I need to afford rent in Parma?

To comfortably afford rent in Parma, you'd need to earn approximately $42,000/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).