Average Rent in Sylvan Lake, MI and Rent Price Trends

Rent trends in Sylvan Lake, MI

Average rent prices in Sylvan Lake have increased by 2% over the last month and have decreased by 25% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Sylvan Lake, MI

Rent prices in Sylvan Lake vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Sylvan Lake is $1,119, whereas a house costs $2,350. 1-bedroom apartments in Sylvan Lake run $950 on average, while 2-bedroom apartments are $1,249.


Studio	$899	14%	53%
1 bedroom	$1,089	3%	10%
2 bedroom	$1,296	3%	23%
3 bedroom	$2,350	3%	18%
4 bedroom	$2,800	2%	40%

		Listings
Keego Harbor	$1,600
Waterford	$1,272


Apartments	$1,119	2%	No Change
Condos	$2,122	3%	No Change
Houses	$2,350	2%	No Change

Studio

Average rent

$899

Last 30 days

14%

Last year

53%

1 bedroom

Average rent

$1,089

Last 30 days

Last year

10%

2 bedroom

Average rent

$1,296

Last 30 days

Last year

23%

3 bedroom

Average rent

$2,350

Last 30 days

Last year

18%

4 bedroom

Average rent

$2,800

Last 30 days

Last year

40%

The table above reflects average rent prices in Sylvan Lake, MI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Sylvan Lake, MI compare to other cities?

Compare median rent prices in Sylvan Lake and Auburn Hills by all bedroom counts and property types.

Sylvan Lake

Median rent price$1,410

28%

lower than the national median

Median rent price$1,630

16%

lower than the national median

Takeaway

The median rent for all rentals in Sylvan Lake, MI is 13% lower than the median rent in Auburn Hills, MI.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,630

$2,800

$1,612

Commerce Charter Township

$2,065

$1,425

Independence Charter Township

$1,470

$1,500

$2,574

Orion Charter Township

$1,380

$1,699

$2,100

$2,400

Discover rentals in Sylvan Lake, MI

15h ago

8.8

Very good

Waterford Square

950 Village Green Ln, Sylvan Lake, MI 48328

1–2 beds

1–2 baths

$924–$1,539

Apartment for rent

5d+ ago

7.7

Very good

Waterford Villa

7000, 7010 Villa Drive, Sylvan Lake, MI 48327

2 beds

1 bath

$1,005

Apartment for rent

Call

16h ago

Very good

Waterford Meadows

834 W Alpha Pkwy, Sylvan Lake, MI 48328

1–3 beds

1–2 baths

$1,089–$1,649

Apartment for rent

Call

Forest View Apartments (Forest View Waterford LLC) - Photo 1 of 1

2d ago

9.3

Excellent

Forest View Apartments (Forest View Waterford LLC)

5689 Cooley Village Ln, Sylvan Lake, MI 48327

2 beds

1 bath

$1,150–$1,250

Apartment for rent

1d ago

8.3

Very good

3325 Watkins Lake Rd.

3325 Watkins Lake Rd, Sylvan Lake, MI 48328

2 beds

1 bath

$1,255

Apartment for rent

5d+ ago

Waterford house for rent in Sylvan Lake

Charming 2 Bed/1 Bath Single Family Home in WATERFORD, MI - $1400/mo

6400 Elmwood Dr, Sylvan Lake, MI 48329

2 beds

1 bath

$1,400

House for rent

Available Jun 1

5d+ ago

Waterford house for rent in Sylvan Lake

91 Waterly Ave, Sylvan Lake, MI 48328

3 beds

1.5 baths

$1,930

$1,760

Price drop

House for rent

5d+ ago

Waterford house for rent in Sylvan Lake

2855 Mann Rd, Sylvan Lake, MI 48329

3 beds

1 bath

$1,800

House for rent

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Frequently asked questions for Sylvan Lake, MI

Quick answers to common questions about the Sylvan Lake rental market.

How much is rent in Sylvan Lake?

The average rent in Sylvan Lake is $1,410 per month as of May 30, 2026.

Is rent up or down in Sylvan Lake?

Average rent prices in Sylvan Lake have increased by 2% over the last month and have decreased by 25% since last year.

How does Sylvan Lake rent compare to the national average?

Rent in Sylvan Lake is 28% below the national average, which means renters are paying approximately $540 less per month.

What salary do I need to afford rent in Sylvan Lake?

To comfortably afford rent in Sylvan Lake, you'd need to earn approximately $56,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Sylvan Lake?

Sylvan Lake's 2025 rental market shows one-bedroom apartments averaging around $1,100 per month, while two-bedroom units rent for around $1,500 monthly. The overall market averaged around $1,600 across all property types during 2025.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).