Bedroom count
Property type
Last updated on October 7, 2026
Average rent in
Waterford, Sylvan Lake, MI
Average rent in
Last updated on October 7, 2026
Bedroom count
Property type
Median rent
Median rent in Waterford
$1,315/mo
21%vs previous year
The average rent in Waterford is $1,315 per month as of October 2026. This is 31% below the national average rent, or $585 less per month.
average price per square foot
Total rentals
Available rentals in Waterford
33
for rent on Zumper.com as of October 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 1% over the last month and have decreased by 21% 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 $1,185, whereas a house costs $2,025. 1-bedroom apartments in Waterford run $1,099 on average, while 2-bedroom apartments are $1,296.
Listings | ||||
|---|---|---|---|---|
Studio | $820 | No Change | 59% | |
1 bedroom | $1,109 | 1% |  31% | |
2 bedroom | $1,344 | 6% | 1% | |
3 bedroom | $2,100 | 2% | 18% | |
4 bedroom | $3,500 | 13% | 101% |
Listings | ||
|---|---|---|
Auburn Hills | $1,599 | |
Franklin | $2,600 | |
Keego Harbor | $2,499 | |
The Transit Center | $2,274 | |
Village Of Lake Orion Downtown | $1,835 | |
West Bloomfield | $2,700 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,185 | No Change | No Change | |
Condos | $2,449 | 14% | No Change | |
Houses | $2,025 | 8% | No Change |
Studio
Average rent
$820
Last year
59%
1 bedroom
Average rent
$1,109
Last 30 days
1%
Last year
31%
2 bedroom
Average rent
$1,344
Last 30 days
6%
Last year
1%
3 bedroom
Average rent
$2,100
Last 30 days
2%
Last year
18%
4 bedroom
Average rent
$3,500
Last 30 days
13%
Last year
101%
Auburn Hills
Average rent
$1,599
Franklin
Average rent
$2,600
Village Of Lake Orion Downtown
Average rent
$1,835
West Bloomfield
Average rent
$2,700
Keego Harbor
Average rent
$2,499
The Transit Center
Average rent
$2,274
Apartments
Average rent
$1,185
Last 30 days
No Change
Condos
Average rent
$2,449
Last 30 days
14%
Houses
Average rent
$2,025
Last 30 days
8%
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
31%lower than the national median
16%lower than the national median
Takeaway
The median rent for all rentals in Waterford, Sylvan Lake, MI is 18% 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
20h ago
950 Village Green Ln, Sylvan Lake, MI 48328
Studio–2 beds
0–2 baths
$820–$1,569
Apartment for rent
11h ago
Verified
834 W Alpha Pkwy, Sylvan Lake, MI 48328
1–3 beds
1–2 baths
$1,119–$1,649
Apartment for rent
1d ago
5689 Cooley Village Ln, Sylvan Lake, MI 48327
2 beds
1 bath
$1,150–$1,250
Apartment for rent
5d+ ago
Waterford house for rent in Sylvan Lake
933 Myrtle Ave, Sylvan Lake, MI 48328
2 beds
1 bath
$1,300
House for rent
5d+ ago
Waterford condo for rent in Sylvan Lake
3591 Port Cove Dr #55, Sylvan Lake, MI 48328
2 beds
2 baths
$4,000
Condo for rent
5d+ ago
Waterford house for rent in Sylvan Lake
4533 Horseshoe Dr, Sylvan Lake, MI 48328
3 beds
2 baths
$3,950
House for rent
5d+ ago
Waterford condo for rent in Sylvan Lake
3565 Port Cove Dr #67, Sylvan Lake, MI 48328
2 beds
2 baths
$3,650
Condo for rent
5d+ ago
Waterford house for rent in Sylvan Lake
1034 Parkway, Sylvan Lake, MI 48328
2 beds
2 baths
$2,250
House for rent
11h ago
Verified
834 W Alpha Pkwy, Sylvan Lake, MI 48328
1–3 beds
1–2 baths
$1,119–$1,649
Apartment for rent
59m ago
7035 Round Hill Dr, Sylvan Lake, MI 48327
1–2 beds
1 bath
$999–$1,239
Apartment for rent
20h ago
3530 Denise Court ##101, Sylvan Lake, MI 48328
1 bed
1 bath
$1,275
Apartment for rent
Available Jan 19
1d ago
3325 Watkins Lake Rd, Sylvan Lake, MI 48328
1 bed
1 bath
$899–$1,099
Apartment for rent
5d+ ago
850 Williamsbury Dr, Sylvan Lake, MI 48328
1–2 beds
1 bath
$1,099–$1,283
Apartment for rent
1d ago
5689 Cooley Village Ln, Sylvan Lake, MI 48327
2 beds
1 bath
$1,150–$1,250
Apartment for rent
5d+ ago
4144 Airport Rd, Sylvan Lake, MI 48329
1 bed
1 bath
$1,000
Apartment for rent
11h ago
Verified
834 W Alpha Pkwy, Sylvan Lake, MI 48328
1–3 beds
1–2 baths
$1,119–$1,649
Apartment for rent
11h ago
Verified
834 W Alpha Pkwy, Sylvan Lake, MI 48328
2–3 beds
1–2 baths
$1,296–$1,649
Apartment for rent
5d+ ago
Waterford apartment for rent in Sylvan Lake
3160 Dixie Hwy, Sylvan Lake, MI 48328
1 bed
1 bath
$975
Apartment for rent
1d ago
7035 Round Hill Dr, Sylvan Lake, MI 48327
2 beds
1 bath
$1,179–$1,239
Apartment for rent
1d ago
5689 Cooley Village Ln, Sylvan Lake, MI 48327
2 beds
1 bath
$1,150–$1,250
Apartment for rent
Stay up to date with rental market insights
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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 $1,315 per month as of October 3, 2026.
Is rent up or down in Waterford?
Average rent prices in Waterford have increased by 1% over the last month and have decreased by 21% since last year.
How does Waterford rent compare to the national average?
Rent in Waterford is 31% below the national average, which means renters are paying approximately $585 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 $53,000/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).