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Rental Market Trends in Wolverine Lake, MI

What is the average rent in Wolverine Lake, MI?

$1,021/month

Average Rent

600 Sq Ft

Average Apartment Size

-7.6%

Decrease in the Last Year

As of July 2025, the average rent in Wolverine Lake, MI is $1,021 per month. This is 38% lower than the national average rent of $1,636/month, making renting in Wolverine Lake more affordable than most cities in the US. When you rent an apartment in Wolverine Lake, you can expect to pay about per month for a studio, $1,021 for a one-bedroom apartment, and around $2,313 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,021/month
600 Sq Ft
Two Bedroom
$2,313/month
1,349 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 Wolverine Lake, MI?

In the past year, rent has decreased by 7.6%, which averages out to $77 less 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
Market Trends Over Time
Rent Ranges in Wolverine Lake, MI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Wolverine Lake, MI
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
67% $1,001 - $1,500/month
0% $1,501 - $2,000/month
33% Above $2,000/month

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

Because the average rent in Wolverine Lake is $1,021, you’ll want to make about $3,403 per month or $40,836 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

Wolverine Lake, MI

26 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Wolverine 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.

Explore the Area Guide for Wolverine Lake, MI

Apartment Averages

Nearby City Rent Trends

  • Commerce Township Average Rent
  • Walled Lake Average Rent
  • Wixom Average Rent
  • Novi Average Rent
  • Milford Average Rent

Apartment communities in Wolverine 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 | $1,000 - $1,510

Eagle Pond Townhouses

Eagle Pond Townhouses

590 Pheasant Ln,
Walled Lake, MI 48390

2-3 Beds | $1,170 - $1,440

4103 Teal Ln

4103 Teal Ln

4103 Teal Ln,
Walled Lake, MI 48390

2 Beds | $1,750

2161 Decker Rd

2161 Decker Rd

2161 Decker Rd,
Walled Lake, MI 48390

1 Bed | $1,100

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United States Michigan Wolverine 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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity