Pilgrim Village - Canton, MI
7655 Balmoral Dr,
Canton, MI 48187
1-3 Beds | $1,450 - $2,300
Rental Market Trends in Canton Township, MI
What is the average rent in Canton, MI?
$1,242/month
Average Rent
750 Sq Ft
Average Apartment Size
+4.6%
Increase in the Last Year
As of December 2024, the average rent in Canton, MI is $1,242 per month. This is 20% lower than the national average rent of $1,560/month, making renting in Canton more affordable than most cities in the US. When you rent an apartment in Canton, you can expect to pay about $1,230 per month for a studio, $1,242 for a one-bedroom apartment, and around $1,625 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,061 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Canton, MI?
In the past year, rent has increased by 4.6%, which averages out to $58 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Canton, MI
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
46%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
18%
Above $2,000/month
What salary do I need to live comfortably in Canton, MI?
Because the average rent in Canton is $1,242, you’ll want to make about $4,140 per month or $49,680 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Nearby City Rent Trends
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Property Management Companies in Canton Township, MI
Princeton Management
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115
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19,514
Units
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57
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11 Communities in Canton
LR Management
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60
Communities
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12,823
Units
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38
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8 Communities in Canton
BEZTAK Properties
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112
Communities
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25,670
Units
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62
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4 Communities in Canton
Beacon Property Management
-
38
Communities
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9,612
Units
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26
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4 Communities in Canton
Jacobson Brothers
-
19
Communities
-
4,020
Units
-
15
Cities
4 Communities in Canton
Singh Management
-
16
Communities
-
3,572
Units
-
8
Cities
4 Communities in Canton
Edward Rose & Sons
-
140
Communities
-
70,877
Units
-
86
Cities
3 Communities in Canton
MTH Management
-
51
Communities
-
2,877
Units
-
31
Cities
3 Communities in Canton
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.