Waterford, MI rental market
Last updated August 11, 2025
Rental market summary
The average rent for all bedrooms and all property types in Waterford, MI is $1,600.
$1,600
-$75
-$300
64
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $655 to $7,500.
| Rent price | Number of rental properties |
|---|---|
| $600 | 3 |
| $700 | 1 |
| $800 | 2 |
| $900 | 8 |
| $1,000 | 2 |
| $1,100 | 5 |
| $1,200 | 5 |
| $1,300 | 5 |
| $1,400 | 3 |
| $1,500 | 2 |
| $1,600 | 1 |
| $1,700 | 5 |
| $1,800 | 3 |
| $1,900 | 3 |
| $2,000 | 3 |
| $2,100 | 3 |
| $2,200 | 1 |
| $2,300 | 1 |
| $2,400 | 4 |
| $2,500 | 5 |
| $2,600 | 2 |
| $2,700 | 3 |
| $2,800 | 4 |
| $2,900 | 3 |
| $3,000 | 1 |
| $3,400 | 3 |
| $3,500 | 2 |
| $4,300 | 1 |
| $4,400 | 1 |
| $4,800 | 1 |
| $4,900 | 1 |
| $5,000+ | 2 |
Average rent price over time
In the last year, rent has decreased by $300 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,600 | $1,980 |
| Feb | $1,700 | $1,985 |
| Mar | $1,670 | $1,999 |
| Apr | $1,630 | $1,500 |
| May | $1,675 | $1,350 |
| Jun | $1,450 | $1,300 |
| Jul | $1,880 | $1,625 |
| Aug | $1,900 | $1,500 |
| Sep | $1,995 | No data |
| Oct | $1,950 | No data |
| Nov | $2,045 | No data |
| Dec | $1,995 | No data |
Market temperature
The Waterford, MI rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Waterford, MI is 24% lower than the national average.
$1,600
$2,100
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Frequently asked questions
1. What is the average rent in Waterford, MI?
The average rent in Waterford, MI is $1,600.
2. How much does it cost to rent a house in Waterford, MI?
Houses in Waterford, MI rent between $655 - $7,500 with an average rent of $1,600.
3. How has the rent in Waterford, MI changed in the last year?
In the last year, the rent in Waterford, MI decreased by $300
4. How much has the rent in Waterford, MI increased/decreased in the last month?
In the last month, the rent in Waterford, MI decreased by $75
5. How many available rentals are there in Waterford, MI?
There are currently 64 rentals available in Waterford, MI.
6. How do rent prices in Waterford, MI compare with the national average?
The average rent in Waterford, MI is $1,600 — 23.81% lower the national average of $2,100.