Cheap Apartments for Rent in Waterford, MI
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1 BathEmbassy West Apartments | 5331 Highland Rd,
Waterford, MI 48327
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PET FRIENDLY$1,024 - $1,569/mo1-2 Beds1-2 Baths34 North of Waterford | 950 Village Green Blvd,
Waterford, MI 48328
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SPECIAL OFFERPET FRIENDLY$1,099 - $1,283/mo1-2 Beds1 BathGlengarry Park - Waterford Twp, MI | 850 Williamsbury Dr,
Waterford, MI 48328
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Average Rent Trends in Waterford, MI
Rent in Waterford, MI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,500 |
| Nov 2025 | $1,500 |
| Dec 2025 | $1,475 |
| Jan 2026 | $1,750 |
| Feb 2026 | $1,500 |
| Mar 2026 | $1,426 |
| Apr 2026 | $1,350 |
| May 2026 | $1,450 |
| Jun 2026 | $1,780 |
| Jul 2026 | $1,475 |
| Aug 2026 | $1,750 |
| Sep 2026 | $1,800 |
Average Rent By Bedroom and Home Type
In September 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,075 | $1,494 | $2,375 | $3,500 | $1,750 |
| Townhomes | — | $1,300 | $2,375 | — | $1,300 |
| Apartments and Condos | $999 | $1,700 | $2,200 | — | $1,500 |
| Houses | $1,200 | $1,650 | $2,400 | $3,500 | $2,400 |
Frequently Asked Questions about Rentals in Waterford, MI
- What is the average rent of an apartment in Waterford, MI?The average rent of an apartment in Waterford, MI is $1,207 per month. This is about 38% lower than the national average.
- What are the cheapest months to find an apartment to rent in Waterford, MI?Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,300 per month.
- How many cheap apartments are available in Waterford, MI?There are 32 apartments to rent that are cheaper than the city’s average rent of $1,750.
- When is the average rent most expensive in Waterford, MI?In the last year, the average rent in Waterford, MI was highest in Mar 2025 when it was $1,999 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Waterford, MI?The average rent of a 1 bedroom apartment in Waterford, MI is $1,075 per month. That is about $382 more than the cost of a studio apartment.
- What are some zip codes in Waterford, MI?
- What are some cities near Waterford, MI?Some nearby cities include: Lake Angelus, Sylvan Lake, Keego Harbor, Pontiac, Orchard Lake. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Waterford, MI - 192 Rentas | Trulia