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Rental Market Trends in Lapeer, MI

Updated August 2026

The average rent in Lapeer, MI is $852/month.

Rent in Lapeer is 49% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$852/month

Average Rent

654 Sq Ft

Average Size

+4.9%

Change / Year

51

Available Apartments

Lapeer rent varies by unit size and layout:

  • Studio apartments in Lapeer average per month.
  • One-bedroom apartments in Lapeer average $852 per month.
  • Two-bedroom apartments in Lapeer average $1,228 per month.
  • Three-bedroom apartments in Lapeer average $1,600 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$852/month
654 Sq Ft
Two Bedroom
$1,228/month
991 Sq Ft
Three Bedroom
$1,600/month
1,225 Sq Ft
View Lapeer Apartments

How much has average rent changed in Lapeer, MI?

In the past year, rent has increased by 4.9%, which averages out to $42 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lapeer, MI

August 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lapeer, MI
Percentage*
Rent Range
10% Below $700/month
20% $700 - $1,000/month
70% $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 $852, you’ll want to make about $2,840 per month or $34,080 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

51 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.

View the Lapeer Area Guide

Apartment Averages

Apartment Communities in Lapeer We Think You'll Love

Rolling Hills Apartments

Rolling Hills Apartments

891 Rolling Hills Ln,
Lapeer, MI 48446

2-3 Beds | $1,345 - $1,665

Lapeer Villas

Lapeer Villas

1890 Rustic Dr,
Lapeer, MI 48446

1-2 Beds | $1,115 - $1,635

Turrill Estates

Turrill Estates

1844 Raleigh Ave,
Lapeer, MI 48446

1-2 Beds | $1,165 - $1,190

Arbors of Lapeer Apartments

Arbors of Lapeer Apartments

952 Dewey St,
Lapeer, MI 48446

1-2 Beds | $990 - $1,120

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Frequently Asked Questions

What is the average rent in Lapeer?

The average rent in Lapeer is $852 per month, which is 48.8% lower than the national average of $1,663.

Are rents going up or down in Lapeer?

Rents in Lapeer, MI are increasing, with prices up 4.9% year-over-year and $42 more per month.

What rent range is most common in Lapeer?

In Lapeer, MI, 70% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 June 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