Frequently Asked Questions
How much does it cost to rent a single-family home in Highland, MI?
The median rent for a single-family home in Highland, MI is $2,373 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Highland, MI?
To comfortably afford the median rent in Highland, MI, a household needs to earn roughly $67,800 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 $1,695 per month in Highland, MI, renters typically need to show $5,085 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 Highland, MI?
In Highland, MI, the price-to-rent ratio is 20.5, 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.
Rental Home Trends in Highland, MI
There are currently 1 single-family homes available for rent in Highland, MI. The median rent is $2,373 per month, with 3-bedroom houses renting at $1,695 and 5-bedroom houses at $3,050.
Number of Houses for Rent
1
|
Median Single Family Home Rent
$2,373
|
Median 3 Bedroom Single Family Home Rent
$1,695
|
Median 5 Bedroom Single Family Home Rent
$3,050
|