Average Rent in Waterford, Sylvan Lake, MI and Rent Price Trends

Rent trends in Waterford, Sylvan Lake, MI

Average rent prices in Waterford have decreased by 2% over the last month and have decreased by 28% 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 $1,129, whereas a house costs $2,215. 1-bedroom apartments in Waterford run $1,000 on average, while 2-bedroom apartments are $1,233.


Studio	$1,050	14%	48%
1 bedroom	$1,044	1%	6%
2 bedroom	$1,369	2%	21%
3 bedroom	$2,280	5%	14%
4 bedroom	$3,500	7%	23%

		Listings
Auburn Hills	$1,665
Franklin	$1,715
Keego Harbor	$2,395
The Transit Center	$2,350
Village Of Lake Orion Downtown	$2,145
West Bloomfield	$2,600


Apartments	$1,129	1%	No Change
Condos	$1,900	4%	18%
Houses	$2,215	3%	No Change

Studio

Average rent

$1,050

Last 30 days

14%

Last year

48%

1 bedroom

Average rent

$1,044

Last 30 days

Last year

2 bedroom

Average rent

$1,369

Last 30 days

Last year

21%

3 bedroom

Average rent

$2,280

Last 30 days

Last year

14%

4 bedroom

Average rent

$3,500

Last 30 days

Last year

23%

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

Median rent price$1,262

35%

lower than the national median

Median rent price$1,665

15%

lower than the national median

Takeaway

The median rent for all rentals in Waterford, Sylvan Lake, MI is 24% lower than the median rent in Auburn Hills, Auburn Hills, MI.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,665

$1,715

Village Of Lake Orion Downtown

$2,145

$2,600

$2,395

$2,350

Discover rentals in Waterford, Sylvan Lake, MI

Rent special

7h ago

8.8

Very good

34 North of Waterford

950 Village Green Ln, Sylvan Lake, MI 48328

1–2 beds

1–2 baths

$974–$1,319

Apartment for rent

4d ago

8.3

Very good

Waterford Villa

7000, 7010 Villa Drive, Sylvan Lake, MI 48327

2 beds

1 bath

$1,005

Apartment for rent

Call

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

13h 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

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

5d+ ago

Waterford house for rent in Sylvan Lake

SINGLE_FAMILY - Colonial - Waterford Twp, MI

3260 Sashabaw Rd, Sylvan Lake, MI 48329

3 beds

1.5 baths

$1,995

House for rent

5d+ ago

Waterford house for rent in Sylvan Lake

SINGLE_FAMILY - Bungalow - Waterford, MI

1840 Manse Rd, Sylvan Lake, MI 48328

4 beds

2 baths

$2,475

House for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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 $1,262 per month as of July 4, 2026.

Is rent up or down in Waterford?

Average rent prices in Waterford have decreased by 2% over the last month and have decreased by 28% since last year.

How does Waterford rent compare to the national average?

Rent in Waterford is 35% below the national average, which means renters are paying approximately $687 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 $51,000/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).