What's the average rent in Waterford, MI?

Rental Market Trends in Waterford, MI

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Waterford, MI is $1,750 per month, which is 11% lower than the national average rent of $1,962 per month.

AVERAGE RENT

$1,750

21.1%$305 increase month-over-month

22.8%$325 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,199

HOUSES

$2,400

TOWNHOUSES

$1,300

As of August 2026, apartments are the most affordable rental option in Waterford, MI at $1,199 per month, while houses are the most expensive at $2,400 per month. Townhomes average $1,300 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,098
2 Bedrooms	$1,426
3 Bedrooms	$2,250
4 Bedrooms	$2,695
All	$1,750

As of August 2026, the average rent for a 1 bedroom rental in Waterford, MI is $1,098 per month, followed by $1,426 for a 2 bedroom rental, $2,250 for a 3 bedroom rental, and $2,695 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,300
3 Bedrooms	$2,375
4 Bedrooms	—
All	$1,300

As of August 2026, the average rent for a 2 bedroom townhome in Waterford, MI is $1,300 per month, followed by $2,375 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$1,500
3 Bedrooms	$2,200
4 Bedrooms	—
All	$1,450

As of August 2026, the average rent for a 1 bedroom apartment in Waterford, MI is $1,100 per month, followed by $1,500 for a 2 bedroom apartment, and $2,200 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$2,000
3 Bedrooms	$2,250
4 Bedrooms	$2,695
All	$2,400

As of August 2026, the average rent for a 1 bedroom house in Waterford, MI is $1,200 per month, followed by $2,000 for a 2 bedroom house, $2,250 for a 3 bedroom house, and $2,695 for a 4 bedroom house.