Auburn Gate Apartments
100 Lake Village Blvd,
Auburn Hills, MI 48326
$1,424 - $2,125
1-3 Beds
Rental Market Trends in Waterford, MI
What is the average rent in Waterford, MI?
$1,010/month
Average Rent
699 Sq Ft
Average Apartment Size
+0.1%
Increase in the Last Year
As of January 2026, the average rent in Waterford, MI is $1,010 per month. This is 38% lower than the national average rent of $1,625/month, making renting in Waterford more affordable than most cities in the US. When you rent an apartment in Waterford, you can expect to pay about $771 per month for a studio, $1,010 for a one-bedroom apartment, and around $1,251 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,570 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 Waterford, MI?
In the past year, rent has increased by 0.1%, which averages out to $2 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 January 2026
Legend
2025
2026
Rent Ranges in Waterford, MI
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
41%
$700 - $1,000/month
56%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waterford?
Based on current rent prices, Chetolah Shores is the most affordable neighborhood in Waterford.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waterford?
Based on current rent prices, Chetolah Shores is the most expensive neighborhood in Waterford.
Neighborhood
Average Rent
Average Sq Ft
Which Waterford neighborhoods have the most rentals available?
The neighborhood in Waterford with the most apartments available is Chetolah Shores .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waterford, MI?
Because the average rent in Waterford is $1,010, you’ll want to make about $3,366 per month or $40,392 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 Waterford, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Waterford, 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.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Waterford we think you'll love
Property Management Companies in Waterford, MI
Monarch Investment and Management Group
-
316
Communities
-
77,332
Units
-
143
Cities
3 Communities in Waterford
M. Shapiro Development Company, LLC
-
36
Communities
-
8,720
Units
-
26
Cities
3 Communities in Waterford
Princeton Management
-
121
Communities
-
20,584
Units
-
62
Cities
2 Communities in Waterford
LR Management
-
64
Communities
-
14,592
Units
-
38
Cities
2 Communities in Waterford
Silverside Management LLC
-
29
Communities
-
1,300
Units
-
23
Cities
2 Communities in Waterford
Sam Cassar Company
-
11
Communities
-
1,085
Units
-
7
Cities
2 Communities in Waterford
Edward Rose & Sons
-
136
Communities
-
69,902
Units
-
84
Cities
1 Community in Waterford
BEZTAK Properties
-
90
Communities
-
23,077
Units
-
51
Cities
1 Community in Waterford
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 November 2025.
* Percentages may not total 100 due to rounding.