What's the average rent in Waterford, MI?

Rental Market Trends in Waterford, MI

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Waterford, MI is $1,500 per month, which is 21% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,500

11.1%$150 increase month-over-month

11.1%$150 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,103

HOUSES

$2,111

TOWNHOUSES

$2,375

As of May 2026, apartments are the most affordable rental option in Waterford, MI at $1,103 per month, while townhomes are the most expensive at $2,375 per month. Houses average $2,111 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$980
2 Bedrooms	$1,330
3 Bedrooms	$2,200
4 Bedrooms	$2,795
All	$1,500

As of May 2026, the average rent for a 1 bedroom rental in Waterford, MI is $980 per month, followed by $1,330 for a 2 bedroom rental, $2,200 for a 3 bedroom rental, and $2,795 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	—
3 Bedrooms	$2,375
4 Bedrooms	—
All	$2,375

Floor plan type	Average rent
1 Bedroom	$925
2 Bedrooms	$1,500
3 Bedrooms	$10,000
4 Bedrooms	—
All	$975

As of May 2026, the average rent for a 1 bedroom apartment in Waterford, MI is $925 per month, followed by $1,500 for a 2 bedroom apartment, and $10,000 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,450
3 Bedrooms	$2,200
4 Bedrooms	$2,795
All	$2,111

As of May 2026, the average rent for a 1 bedroom house in Waterford, MI is $1,200 per month, followed by $1,450 for a 2 bedroom house, $2,200 for a 3 bedroom house, and $2,795 for a 4 bedroom house.