Average Rent in Sylvan Lake, MI and Rent Price Trends

Rent trends in Sylvan Lake, MI

Average rent prices in Sylvan Lake have decreased by 7% over the last month and have decreased by 22% 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 $1,187, whereas a house costs $2,300. 1-bedroom apartments in Sylvan Lake run $1,119 on average, while 2-bedroom apartments are $1,240.


Studio	$1,200	14%	40%
1 bedroom	$1,129	No Change	No Change
2 bedroom	$1,475	No Change	14%
3 bedroom	$2,400	10%	25%
4 bedroom	$2,795	11%	5%

		Listings
Keego Harbor	$1,675
Waterford	$1,300


Apartments	$1,187	2%	No Change
Condos	$2,050	8%	No Change
Houses	$2,300	6%	No Change

Studio

Average rent

$1,200

Last 30 days

14%

Last year

40%

1 bedroom

Average rent

$1,129

Last 30 days

No Change

Last year

No Change

2 bedroom

Average rent

$1,475

Last 30 days

No Change

Last year

14%

3 bedroom

Average rent

$2,400

Last 30 days

10%

Last year

25%

4 bedroom

Average rent

$2,795

Last 30 days

11%

Last year

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$1,475

24%

lower than the national median

Median rent price$1,675

14%

lower than the national median

Takeaway

The median rent for all rentals in Sylvan Lake, MI is 12% lower than the median rent in Auburn Hills, MI.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,675

$2,850

$2,800

Commerce Charter Township

$1,800

$1,500

Independence Charter Township

$1,473

$1,420

$2,500

Orion Charter Township

$1,400

$1,699

$2,335

$2,400

Discover rentals in Sylvan Lake, MI

Rent special

2d ago

8.8

Very good

34 North of Waterford

950 Village Green Ln, Sylvan Lake, MI 48328

1–2 beds

1–2 baths

$974–$1,249

Apartment for rent

2d 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

2d 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

15h 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

2d ago

Waterford condo for rent in Sylvan Lake

Remodeled 2 bed/1bath condo. New paint with color(!!), new stainless appliances, new bath vanity & toilet, new faucets, new carpet, new plugs & switches, new AC unit, etc.. Excellent neighbors.

7050 Villa Dr #5, Sylvan Lake, MI 48327

2 beds

1 bath

$1,500

$1,300

Price drop

Condo for rent

Available Jul 6

20h ago

Waterford condo for rent in Sylvan Lake

3136 Hidden Ridge Dr, Sylvan Lake, MI 48328

2 beds

1 bath

$1,475

Condo for rent

7751 Lake Ridge Dr Unit 28 - Photo 1 of 1

5d+ ago

Waterford condo for rent in Sylvan Lake

CONDOS - Ranch - Waterford Twp, MI

7751 Lake Ridge Dr Unit 28, Sylvan Lake, MI 48327

2 beds

1 bath

$1,475

Condo for rent

5d+ ago

Waterford condo for rent in Sylvan Lake

CONDOS - Colonial - Waterford Twp, MI

1407 Laurel Valley Dr, Sylvan Lake, MI 48327

2 beds

1.5 baths

$1,500

Condo for rent

Stay up to date with rental market insights

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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 $1,475 per month as of July 18, 2026.

Is rent up or down in Sylvan Lake?

Average rent prices in Sylvan Lake have decreased by 7% over the last month and have decreased by 22% since last year.

How does Sylvan Lake rent compare to the national average?

Rent in Sylvan Lake is 24% below the national average, which means renters are paying approximately $470 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 $59,000/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?

Based on Zumper's July 2026 data, one-bedroom apartments in Sylvan Lake average around $1,010/month and two-bedrooms approximately $1,350/month.

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).