Heron Springs Townhomes and Apartments
4100 Heron Springs Blvd,
Lake Orion, MI 48359
2-3 Beds | $1,995 - $3,535
Rental Market Trends in Lake Orion, MI
What is the average rent in Lake Orion, MI?
$1,072/month
Average Rent
668 Sq Ft
Average Apartment Size
+5.7%
Increase in the Last Year
As of July 2025, the average rent in Lake Orion, MI is $1,072 per month. This is 35% lower than the national average rent of $1,637/month, making renting in Lake Orion more affordable than most cities in the US. When you rent an apartment in Lake Orion, you can expect to pay about $883 per month for a studio, $1,072 for a one-bedroom apartment, and around $1,597 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,075 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lake Orion, MI?
In the past year, rent has increased by 5.7%, which averages out to $62 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Lake Orion, MI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
17%
$700 - $1,000/month
33%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
17%
Above $2,000/month
What salary do I need to live comfortably in Lake Orion, MI?
Because the average rent in Lake Orion is $1,072, you’ll want to make about $3,573 per month or $42,876 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Orion, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Orion, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.