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Rental Market Trends in Walled Lake, MI

Updated July 2026

The average rent in Walled Lake, MI is $1,138/month.

Rent in Walled Lake is 32% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,138/month

Average Rent

707 Sq Ft

Average Size

+10.5%

Change / Year

82

Available Apartments

Walled Lake rent varies by unit size and layout:

  • Studio apartments in Walled Lake average $1,079 per month.
  • One-bedroom apartments in Walled Lake average $1,138 per month.
  • Two-bedroom apartments in Walled Lake average $1,315 per month.
  • Three-bedroom apartments in Walled Lake average $1,358 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,079/month
350 Sq Ft
One Bedroom
$1,138/month
707 Sq Ft
Two Bedroom
$1,315/month
1,059 Sq Ft
Three Bedroom
$1,358/month
1,451 Sq Ft
View Walled Lake Apartments

How much has average rent changed in Walled Lake, MI?

In the past year, rent has increased by 10.5%, which averages out to $120 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Walled Lake, MI

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Walled Lake, MI
Percentage*
Rent Range
10% Below $700/month
30% $700 - $1,000/month
50% $1,001 - $1,500/month
10% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Walled Lake is $1,138, you’ll want to make about $3,793 per month or $45,516 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

Walled Lake, MI

82 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Walled Lake, 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 Walled Lake Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Wolverine Lake

    Wolverine Lake

  • Commerce Township

    Commerce Township

  • Wixom

    Wixom

  • Novi

    Novi

  • West Bloomfield

    West Bloomfield

  • Farmington Hills

    Farmington Hills

  • Milford

    Milford

Apartment Communities in Walled Lake We Think You'll Love

The Crossing At Eagle Pond

The Crossing At Eagle Pond

300 Eagle Pond Dr,
Walled Lake, MI 48390

Studio - 2 Beds | $1,079 - $1,860

Forestbrook Park

Forestbrook Park

1710 N Pontiac Trl,
Walled Lake, MI 48390

1-2 Beds | $1,699 - $2,149

The Springs Apartment Homes

The Springs Apartment Homes

30995 Springlake Blvd,
Novi, MI 48377

1-2 Beds | $1,021 - $2,037

Briarcliff Village

Briarcliff Village

140 Crestview Blvd,
Commerce Township, MI 48390

1-3 Beds | $1,694 - $1,931

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Frequently Asked Questions

What is the average rent in Walled Lake?

The average rent in Walled Lake is $1,138 per month, which is 31.6% lower than the national average of $1,663.

Are rents going up or down in Walled Lake?

Rents in Walled Lake, MI are increasing, with prices up 10.5% year-over-year and $120 more per month.

What rent range is most common in Walled Lake?

In Walled Lake, MI, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Michigan Walled Lake 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