Bedroom count
Property type
Last updated on May 24, 2026
Average rent in
Waterford, Sylvan Lake, MI
Average rent in
Last updated on May 24, 2026
Bedroom count
Property type
Median rent
Median rent in Waterford
$1,300/mo
35%vs previous year
The average rent in Waterford is $1,300 per month as of May 2026. This is 33% below the national average rent, or $649 less per month.
average price per square foot
Total rentals
Available rentals in Waterford
32
for rent on Zumper.com as of May 2026
Rent price distribution
Share of Waterford rentals at each price point
Rent trends in Waterford, Sylvan Lake, MI
Average rent prices in Waterford have increased by 3% over the last month and have decreased by 35% 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
Waterford, Sylvan Lake, MI
Rent prices in Waterford vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waterford is $1,148, whereas a house costs $2,350. 1-bedroom apartments in Waterford run $950 on average, while 2-bedroom apartments are $1,250.
Listings | ||||
|---|---|---|---|---|
1 bedroom | $950 |  3% | 8% | |
2 bedroom | $1,283 | 2% | 32% | |
3 bedroom | $2,350 | 3% | 8% | |
4 bedroom | $2,995 | 1% | 24% |
Listings | ||
|---|---|---|
Auburn Hills | $1,650 | |
Franklin | $1,737 | |
Keego Harbor | $2,200 | |
The Transit Center | $2,200 | |
Village Of Lake Orion Downtown | $2,615 | |
West Bloomfield | $2,639 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,148 | 2% | No Change | |
Condos | $2,000 | 40% | No Change | |
Houses | $2,350 | 4% | No Change |
1 bedroom
Average rent
$950
Last 30 days
3%
Last year
8%
2 bedroom
Average rent
$1,283
Last 30 days
2%
Last year
32%
3 bedroom
Average rent
$2,350
Last 30 days
3%
Last year
8%
4 bedroom
Average rent
$2,995
Last 30 days
1%
Last year
24%
Auburn Hills
Average rent
$1,650
Franklin
Average rent
$1,737
Village Of Lake Orion Downtown
Average rent
$2,615
West Bloomfield
Average rent
$2,639
Keego Harbor
Average rent
$2,200
The Transit Center
Average rent
$2,200
Apartments
Average rent
$1,148
Last 30 days
2%
Condos
Average rent
$2,000
Last 30 days
40%
Houses
Average rent
$2,350
Last 30 days
4%
The table above reflects average rent prices in Waterford, 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 Waterford, Sylvan Lake, MI compare to other neighborhoods?
Compare median rent prices in Waterford and Auburn Hills by all bedroom counts and property types.
Waterford
33%lower than the national median
15%lower than the national median
Takeaway
The median rent for all rentals in Waterford, Sylvan Lake, MI is 21% lower than the median rent in Auburn Hills, Auburn Hills, MI.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
Discover rentals in Waterford, Sylvan Lake, MI
2d ago
950 Village Green Ln, Sylvan Lake, MI 48328
1–2 beds
1–2 baths
$924–$1,689
Apartment for rent
1d ago
7000, 7010 Villa Drive, Sylvan Lake, MI 48327
2 beds
1 bath
$1,005
Apartment for rent
1d ago
834 W Alpha Pkwy, Sylvan Lake, MI 48328
1–3 beds
1–2 baths
$1,089–$1,649
Apartment for rent
4d ago
5689 Cooley Village Ln, Sylvan Lake, MI 48327
2 beds
1 bath
$1,150–$1,250
Apartment for rent
3d ago
Waterford house for rent in Sylvan Lake
4533 Horseshoe Dr, Sylvan Lake, MI 48328
3 beds
2 baths
$4,900
$4,400
Price drop
House for rent
5d+ ago
Waterford house for rent in Sylvan Lake
6628 Longworth Dr, Sylvan Lake, MI 48329
3 beds
3 baths
$4,000
House for rent
5d+ ago
Waterford house for rent in Sylvan Lake
1253 Bamford Dr, Sylvan Lake, MI 48328
3 beds
1.5 baths
$3,150
House for rent
1d ago
3530 Denise Court ##101, Sylvan Lake, MI 48328
1 bed
1 bath
$1,275
Apartment for rent
Available Jan 19
1d ago
7000, 7010 Villa Drive, Sylvan Lake, MI 48327
2 beds
1 bath
$1,005
Apartment for rent
1d ago
834 W Alpha Pkwy, Sylvan Lake, MI 48328
1–3 beds
1–2 baths
$1,089–$1,649
Apartment for rent
1d ago
5278 Rosamond Ln, Sylvan Lake, MI 48327
1–2 beds
1 bath
$1,135–$1,625
Price drop
Apartment for rent
1d ago
3530 Denise Court ##101, Sylvan Lake, MI 48328
1 bed
1 bath
$1,275
Apartment for rent
Available Jan 19
2d ago
850 Williamsbury Dr, Sylvan Lake, MI 48328
1–2 beds
1 bath
$1,099–$1,283
Apartment for rent
4d ago
5689 Cooley Village Ln, Sylvan Lake, MI 48327
2 beds
1 bath
$1,150–$1,250
Apartment for rent
1d ago
5278 Rosamond Ln, Sylvan Lake, MI 48327
1–2 beds
1 bath
$1,135–$1,625
Price drop
Apartment for rent
4d ago
4144 Airport Rd, Sylvan Lake, MI 48329
1 bed
1 bath
$925–$950
Apartment for rent
1d ago
7000, 7010 Villa Drive, Sylvan Lake, MI 48327
2 beds
1 bath
$1,005
Apartment for rent
1d ago
5278 Rosamond Ln, Sylvan Lake, MI 48327
1–2 beds
1 bath
$1,151–$1,625
Price drop
Apartment for rent
2d ago
950 Village Green Ln, Sylvan Lake, MI 48328
1–2 beds
1–2 baths
$924–$1,689
Apartment for rent
2d ago
850 Williamsbury Dr, Sylvan Lake, MI 48328
1–2 beds
1 bath
$1,099–$1,283
Apartment for rent
Stay up to date with rental market insights
Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
Frequently asked questions for Waterford, Sylvan Lake, MI
Quick answers to common questions about the Waterford rental market.
How much is rent in Waterford?
The average rent in Waterford is $1,300 per month as of May 23, 2026.
Is rent up or down in Waterford?
Average rent prices in Waterford have increased by 3% over the last month and have decreased by 35% since last year.
How does Waterford rent compare to the national average?
Rent in Waterford is 33% below the national average, which means renters are paying approximately $649 less per month.
What salary do I need to afford rent in Waterford?
To comfortably afford rent in Waterford, you'd need to earn approximately $52,000/year, based on spending no more than 30% of your income on rent.
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).