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Newest Homes for Rent in Franklin, MI

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  • 7381 Cathedral Dr, Bloomfield Hills, MI 48301
    7381 Cathedral Dr, Bloomfield Hills, MI 48301
    7381 Cathedral Dr, Bloomfield Hills, MI 48301
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    $4,950 Per Month

    • 4 Beds
    • 3.5 Baths
    • 2,834 Sq Ft
    • House for Rent

    7381 Cathedral Dr, Bloomfield Hills, MI 48301

    Welcome Home to this Stunning, Fully Renovated Colonial in Bloomfield Hills! This exceptional home seamlessly combines luxury finishes with a prime location. The designer kitchen features quartz countertops, stainless steel appliances, and abundant cabinetry, making it perfect for both everyday living and entertaining. The impressive primary suite offers a spacious walk-in closet and a

    Heather Poyhonen Avenue Group Homes, LLC

    7381 Cathedral Dr, Bloomfield Hills, MI 48301
  • 30475 Birchway Dr, Franklin, MI 48025
    30475 Birchway Dr, Franklin, MI 48025
    30475 Birchway Dr, Franklin, MI 48025
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    $2,800 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,801 Sq Ft
    • House for Rent

    30475 Birchway Dr, Franklin, MI 48025

    Beautiful three bedroom ranch in very nice neighborhood in Franklin. Freshly remodeled from the bottom to top. Open floor concept makes this home live large. kitchen white cabinets with granite countertop, all newer SS appliances. New waterproof Vinyl plank floors throughout, so no carpets to worry about. All newer windows and newer doors. newer Central air and Furnace. Large back yard with an

    Chen Young Community Choice Realty

    30475 Birchway Dr, Franklin, MI 48025
  • 31065 Tremont Ln, Franklin, MI 48025
    31065 Tremont Ln, Franklin, MI 48025
    31065 Tremont Ln, Franklin, MI 48025
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    $5,900

    Total Monthly Price

    • 4 Beds
    • 3.5 Baths
    • 2,895 Sq Ft
    • House for Rent

    31065 Tremont Ln, Franklin, MI 48025

    Immediate Occupancy! Newer construction offering approximately 4,300 square feet of finished living space INCLUDING FULLY FINISHED WALKOUT LOWER LEVEL. Exceptional value within the award-winning Birmingham School District. Tucked away in an exclusive private enclave of just 20 homes, this stone-accented residence combines modern design, quality craftsmanship, and extensive upgrades rarely found

    31065 Tremont Ln, Franklin, MI 48025
Michigan Oakland County Franklin

Newest Homes for Rent in Franklin, MI

Frequently Asked Questions

How much does it cost to rent a home in Franklin, MI?
The median rent for a home in Franklin, MI is $4,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Franklin, MI?
To comfortably afford the median rent in Franklin, MI, a household needs to earn roughly $180,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,500 per month in Franklin, MI, renters typically need to show $13,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Franklin, MI?
In Franklin, MI, the price-to-rent ratio is 16.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Franklin, MI are best for renting a home?
The best neighborhood for renting in Franklin, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Bloomfield Township and Berg-Lahser, each with its own character and price range.

Rental Trends in Franklin, MI

There are currently 3 homes available for rent in Franklin, MI. The median rent is $4,500 per month, with single-family homes renting at $3,850.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$4,500
Median Single Family Home Rent
$3,850
How to Rent a Home

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