Frequently Asked Questions
How much does it cost to rent a condo in Midland, MI?
The median rent for a condo in Midland, MI is $838 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Midland, MI?
To comfortably afford the median rent in Midland, MI, a household needs to earn roughly $74,000 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 $1,850 per month in Midland, MI, renters typically need to show $5,550 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 Midland, MI?
In Midland, MI, the price-to-rent ratio is 12.0, 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 Midland, MI
There are currently 1 condos available for rent in Midland, MI. The median rent is $838 per month, with 1-bedroom condos renting at $748, 2-bedroom condos at $850 and 3-bedroom condos at $1,500.
Number of Condos for Rent
1
Median 1 Bedroom Condo Rent
$748
Median 2 Bedroom Condo Rent
$850
Median 3 Bedroom Condo Rent
$1,500