What's the average rent in Waterford, MI?

Rental Market Trends in Waterford, MI

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Waterford, MI is $1,650 per month, which is 15% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,650

-8.3%-$150 decrease month-over-month

0.0%No change year over year

AVAILABLE RENTALS

APARTMENTS

$1,197

HOUSES

$2,280

TOWNHOUSES

$2,375

As of June 2026, apartments are the most affordable rental option in Waterford, MI at $1,197 per month, while townhomes are the most expensive at $2,375 per month. Houses average $2,280 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,030
2 Bedrooms	$1,295
3 Bedrooms	$2,395
4 Bedrooms	$2,499
All	$1,650

As of June 2026, the average rent for a 1 bedroom rental in Waterford, MI is $1,030 per month, followed by $1,295 for a 2 bedroom rental, $2,395 for a 3 bedroom rental, and $2,499 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,275
3 Bedrooms	$2,375
4 Bedrooms	—
All	$2,375

As of June 2026, the average rent for a 2 bedroom townhome in Waterford, MI is $1,275 per month, followed by $2,375 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,030
2 Bedrooms	$1,496
3 Bedrooms	$1,650
4 Bedrooms	—
All	$1,496

As of June 2026, the average rent for a 1 bedroom apartment in Waterford, MI is $1,030 per month, followed by $1,496 for a 2 bedroom apartment, and $1,650 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$775
2 Bedrooms	$1,500
3 Bedrooms	$2,395
4 Bedrooms	$2,499
All	$2,280

As of June 2026, the average rent for a 1 bedroom house in Waterford, MI is $775 per month, followed by $1,500 for a 2 bedroom house, $2,395 for a 3 bedroom house, and $2,499 for a 4 bedroom house.