Waterford, MI rental market
What is the average rent in Waterford, MI?
Last updated June 28, 2026
Rental market summary
The average rent for all bedrooms and all property types in Waterford, MI is $1,500.
Average rent
$1,500
Month-over-month change
-$100
Year-over-year change
-$125
Available rentals
63
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $693 to $10,000.
| Rent price | Number of rental properties |
|---|---|
| $600 | 1 |
| $700 | 1 |
| $800 | 2 |
| $900 | 7 |
| $1,000 | 3 |
| $1,100 | 9 |
| $1,200 | 8 |
| $1,300 | 2 |
| $1,400 | 5 |
| $1,500 | 2 |
| $1,600 | 2 |
| $1,800 | 3 |
| $1,900 | 5 |
| $2,000 | 2 |
| $2,100 | 1 |
| $2,200 | 2 |
| $2,300 | 4 |
| $2,400 | 4 |
| $2,500 | 1 |
| $2,600 | 1 |
| $2,700 | 2 |
| $2,800 | 1 |
| $3,200 | 1 |
| $3,400 | 1 |
| $3,900 | 3 |
| $4,000 | 2 |
| $4,800 | 1 |
| $4,900 | 1 |
| $5,000+ | 1 |
Average rent price over time
In the last year, rent has decreased by $125 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,980 | $1,750 |
| Feb | $1,985 | $1,500 |
| Mar | $1,999 | $1,425 |
| Apr | $1,500 | $1,350 |
| May | $1,350 | $1,450 |
| Jun | $1,300 | $1,782 |
| Jul | $1,625 | No data |
| Aug | $1,500 | No data |
| Sep | $1,650 | No data |
| Oct | $1,500 | No data |
| Nov | $1,500 | No data |
| Dec | $1,475 | No data |
Market temperature
The Waterford, MI rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Waterford, MI is 26% lower than the national average.
$1,500
$2,021
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Frequently asked questions
1. What is the average rent in Waterford, MI?
2. What is the average rent for a studio apartment in Waterford, MI?
3. What is the average rent for a one-bedroom apartment in Waterford, MI?
4. What is the average rent for a two-bedroom apartment in Waterford, MI?
5. What is the average rent for a three-bedroom apartment in Waterford, MI?
6. What is the average rent for a four-bedroom apartment in Waterford, MI?
7. How much does it cost to rent a house in Waterford, MI?
8. How has the rent in Waterford, MI changed in the last year?
9. How much has the rent in Waterford, MI increased/decreased in the last month?
10. How many available rentals are there in Waterford, MI?
11. How do rent prices in Waterford, MI compare with the national average?
Nearby areas
