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Rental Market Trends in Lapeer, MI

What is the average rent in Lapeer, MI?

$833/month

Average Rent

652 Sq Ft

Average Apartment Size

+3.8%

Increase in the Last Year

As of April 2026, the average rent in Lapeer, MI is $833 per month. This is 49% lower than the national average rent of $1,641/month, making renting in Lapeer more affordable than most cities in the US. When you rent an apartment in Lapeer, you can expect to pay about per month for a studio, $833 for a one-bedroom apartment, and around $1,211 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,576 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$833/month
652 Sq Ft
Two Bedroom
$1,211/month
991 Sq Ft
Three Bedroom
$1,576/month
1,225 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 Lapeer, MI?

In the past year, rent has increased by 3.8%, which averages out to $32 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lapeer, MI
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lapeer, MI
Percentage*
Rent Range
20% Below $700/month
20% $700 - $1,000/month
60% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Lapeer, MI?

Because the average rent in Lapeer is $833, you’ll want to make about $2,776 per month or $33,312 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.

City

Lapeer, MI

55 Available Apartments for Rent

Search for Nearby Apartments

How does Lapeer, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Lapeer, 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.

Explore the Area Guide for Lapeer, MI

Apartment Averages

Nearby City Rent Trends

  • Davison Average Rent

Apartment communities in Lapeer we think you'll love

Rolling Hills Apartments

Rolling Hills Apartments

891 Rolling Hills Ln,
Lapeer, MI 48446

$1,325 - $1,640

2-3 Beds

Lapeer Villas

Lapeer Villas

1890 Rustic Dr,
Lapeer, MI 48446

$1,015 - $1,535

1-2 Beds

Turrill Estates

Turrill Estates

1844 Raleigh Ave,
Lapeer, MI 48446

$1,049 - $1,415

1-2 Beds

Arbors of Lapeer Apartments

Arbors of Lapeer Apartments

952 Dewey St,
Lapeer, MI 48446

$930 - $1,055

1-2 Beds

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United States Michigan Lapeer Rental Trends

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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity