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Studio Apartment for Rent in Walled Lake, MI

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    $1,050 Per Month

    • Studio
    • 1 Bath
    • 330 Sq Ft
    • Condo for Rent

    307 Ladd Rd Unit 2, Walled Lake, MI 48390

    Property Id: 2599147Experience elevated studio living in this meticulously renovated residence with ample natural light. Situated within an exclusive 6-unit building in a highly desirable, welcoming neighborhood, no detail was spared. The space boasts a premium kitchen and bath complete with beautiful quartz countertops, new flooring, and designer hardware. Enjoy the deck and plenty of

    (947) 214-8946

    307 Ladd Rd Unit 2, Walled Lake, MI 48390

Why Live in Walled Lake

Walled Lake, MI, is a small city known for its namesake lake, offering a variety of water activities and scenic views. Mercer Beach, with its 200-foot swimming area, is a popular spot during the summer, while Wolverine Lake and Mud Lake provide additional water recreation options. Hiram Sims Memorial Park features a walking trail, playground, and sports courts, making it a favored destination for outdoor activities. The city boasts over 69 trails covering 535 miles, including the Michigan Air Line Trail, which runs through Walled Lake and connects Wixom and Pontiac. The Walled Lake Consolidated School District is highly rated, with Hickory Woods Elementary and Walled Lake Northern High School among the top schools. Housing options range from manufactured homes to ranches, Colonials, and Cape Cods, with prices varying based on size and location, including lakefront properties. The southeast corner of the city has a notable number of condos and townhouses. Residents benefit from convenient access to highways M-5, 696, and 275, facilitating travel to Romulus, Ann Arbor, and Detroit within 40 minutes. Shopping and dining are concentrated around North Pontiac Trail and East West Maple Road, with options like Freshway Market and Sushi Den, and larger retailers like Costco and Target just 3 miles away in Commerce Charter Township. Annual events, such as the Summer Concert Series, Easter Egg Hunt, Farmer’s Market, and Tree Lighting, foster a sense of community throughout the year.

Frequently Asked Questions

How much does it cost to rent a home in Walled Lake, MI?
The median rent for a home in Walled Lake, MI is $1,950 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Walled Lake, MI?
To comfortably afford the median rent in Walled Lake, MI, a household needs to earn roughly $78,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,950 per month in Walled Lake, MI, renters typically need to show $5,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Walled Lake, MI?
In Walled Lake, MI, the price-to-rent ratio is 11.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Walled Lake, MI

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,950
Median Single Family Home Rent
$1,873
Median Townhouse Rent
$2,200
Median Condo Rent
$1,800
How to Rent a Home