216

Waterford, MI Homes for Rent

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  • /23

    $1,350 Per Month

    • 1,271 Sq Ft
    • Property for Rent

    2701 Elizabeth Lake Suite 400, Waterford Charter Township, MI 48328

    This renovated commercial building on Elizabeth Lake Road, located between Telegraph and Voorhies, offers excellent visibility with thousands of cars passing daily and is just minutes from Downtown Pontiac, M-59, M1 Concourse, Orchard Lake, and West Bloomfield. Four suites are available: Unit 200 (672 sq ft for $1,000/month), Unit 300 (1,084 sq ft for $1,350/month), Unit 400 (1,053 sq ft for

    Agent Photo

    Jamie Scheett

    Epique Realty

    2701 Elizabeth Lake Suite 400, Waterford Charter Township, MI 48328
  • /41

    Starting at $935 Per Month

    • 1 Bed

    3325 Watkins Lake Rd, Waterford, MI 48328

    Welcome home to Heritage Park Apartments! Our floor plans consist of spacious 1 & 2-Bedroom Apartments. Our community features a picturesque setting, tree-lined streets, and beautifully landscaped grounds. We are a pet friendly community (restrictions apply). We're located only minutes from freeway access, local shopping, dining, and entertainment. Visit Heritage Park Apartments - We'd be happy

    Heritage Park East

    3325 Watkins Lake Rd, Waterford, MI 48328
  • /11

    $1,350 Per Month

    • 1,250 Sq Ft
    • Property for Rent

    2701 Elizabeth Lake Suite 500, Waterford Charter Township, MI 48328

    BRING YOUR BUSINESS TO ELIZABETH LAKE ROAD!Three suites availableUnit 300: 1,150 sq. ft. — $1,350/monthUnit 400: 1,150 sq. ft. — $1,350/monthUnit 500: 1,250 sq. ft. — $1,350/monthEach suite features a private lavatory, separate hot water tank, individual heating controls, 220 electrical service, and new flooring. Unit 500 offers additional possibilities with its open layout,

    Agent Photo

    Jamie Scheett

    Epique Realty

    2701 Elizabeth Lake Suite 500, Waterford Charter Township, MI 48328
  • /30

    Starting at $1,060 Per Month

    • 1 - 2 Beds

    170 Leslie Ln, Waterford, MI 48328

    Offering one and two bedroom apartments that offer a host of amenities that will make you want to call it your home, Laketree Apartments is the best place to live in Waterford. We are pet friendly with great outdoor space that is close to Dodge Park and Cass Lake. Laketree Apartments has a great location for convenience and value just minutes from dining, entertainment, and shopping. Our spacious

    Laketree

    170 Leslie Ln, Waterford, MI 48328
  • /49

    $2,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,226 Sq Ft
    • House for Rent

    1034 Parkway, Waterford, MI 48328

    Beautifully updated 2-bedroom, 2-bath home just a few blocks from Dodge Park #4, situated along the north side of Cass Lake. This home features a recently updated kitchen with new appliances, luxury vinyl flooring throughout the first floor, and first-floor laundry. Additional highlights include a spacious 2-car garage. Dodge Park #4 offers a boat launch and beach, making it a fantastic spot for

    Agent Photo

    Marcy Soufrine

    Keller Williams Premier

    1034 Parkway, Waterford, MI 48328
  • /18

    Starting at $1,025 Per Month

    • 1 - 2 Beds

    3530 Denise Ct, Waterford, MI 48328

    Enjoy lakefront living on Cass Lake. Our community features private dock access, an outdoor pool and sundeck, a clubhouse, covered parking, and pet-friendly amenities. Select apartments also offer Cass Lake views, private patios or balconies, stainless steel appliances, washer and dryer hookups, and additional storage.

    Cass Lake Shore Club

    3530 Denise Ct, Waterford, MI 48328
  • /8

    $1,350 Per Month

    • 1,150 Sq Ft
    • Property for Rent

    2701 Elizabeth Lake Suite 300, Waterford Charter Township, MI 48328

    BRING YOUR BUSINESS TO ELIZABETH LAKE ROAD!Three suites availableUnit 300: 1,150 sq. ft. — $1,350/monthUnit 400: 1,150 sq. ft. — $1,350/monthUnit 500: 1,250 sq. ft. — $1,350/monthEach suite features a private lavatory, separate hot water tank, individual heating controls, 220 electrical service, and new flooring. Unit 500 offers additional possibilities with its open layout,

    Agent Photo

    Jamie Scheett

    Epique Realty

    2701 Elizabeth Lake Suite 300, Waterford Charter Township, MI 48328
  • /35

    Starting at $1,099 Per Month

    • 1 - 2 Beds

    850 Williamsbury Ct, Waterford, MI 48328

    Enjoy living the good life at Glengarry Park! Located in Waterford, our spacious one and two-bedroom apartments were designed with your unique lifestyle in mind. With features like walk-in closets, a sparkling swimming pool, and a renovated playscape, it's easy to see why our residents love living here. Our preferred employers include Amazon, Target, General Motors, Stellantis, Ford Motor

    Glengarry Park - Waterford Twp, MI

    850 Williamsbury Ct, Waterford, MI 48328
  • /43

    Starting at $1,019 Per Month

    • 1 - 2 Beds

    7035 Round Hill Dr, Waterford, MI 48327

    Waterford is a vibrant community where natural beauty, friendly neighbors, and a strong sense of local pride come together to create a welcoming environment for all. With its beautiful lakes, lush parks, and thriving local businesses, it's a place where opportunity and tranquility coexist, offering a wonderful quality of life for residents and visitors alike. Whether you're exploring the

    Round Hill Apartments

    7035 Round Hill Dr, Waterford, MI 48327
  • /35

    Starting at $999 Per Month

    • 1 - 2 Beds

    1049 N Oakland Blvd, Waterford, MI 48327

    Enjoy the best in apartment living at Ashton Pines Apartments! We are an apartment community in Waterford, MI with 1 and 2-bedroom apartments. You'll find both comfort and convenience at Ashton Pines Apartments. All of our apartments have kitchen appliances, spacious closets, and air conditioning. Our pet-friendly apartment community has a playground and laundry facilities.

    Ashton Pines

    1049 N Oakland Blvd, Waterford, MI 48327
  • /35

    Starting at $1,075 Per Month

    • 1 - 2 Beds

    2750 Cherokee Dr, Waterford, MI 48328

    Our spacious one and two bedroom apartment homes feature contemporary upgrades, central air conditioning, ample storage, and pet-friendly policies, creating a perfect retreat for any lifestyle. Enjoy community perks like a sparkling swimming pool, and locked building entry for added privacy.

    Cherokee Hills Apartments

    2750 Cherokee Dr, Waterford, MI 48328
  • /16

    Starting at $831 Per Month

    • Studio - 2 Beds

    504 Maplebrook Ln, Waterford, MI 48327

    There's somethingreassuring about coming home to a place that simply fits your lifestyle. AtRivers Edge Apartments, comfortable residences, inviting community spaces, anda convenient location come together to create a community that's easy to enjoy.Add a pet-friendly atmosphere and thoughtful everyday conveniences, and you'llquickly see why you should call our apartments

    Rivers Edge Apartments

    504 Maplebrook Ln, Waterford, MI 48327
  • /5

    Starting at $825 Per Month

    • 1 - 2 Beds

    4400 Elizabeth Lake Rd, Waterford, MI 48328

    Adams Lake Apartments

    4400 Elizabeth Lake Rd, Waterford, MI 48328
  • /35

    Starting at $1,265 Per Month

    • 1 - 3 Beds

    7380 Arbor Trail, Waterford, MI 48327

    Waterford Pines Apartments offers spacious one, two, and three-bedroom apartments that are beautifully decorated with two-tone paint and brushed nickel lighting fixtures. Our fully-equipped kitchens feature white kitchen cabinets, gas stoves, and white appliances. Our private entry apartment homes include large walk-in closets and a laundry room with washer/dryer connections.We also provide great

    Waterford Pines

    7380 Arbor Trail, Waterford, MI 48327
  • /30

    Starting at $935 Per Month

    • 1 - 2 Beds

    3620 Windmill Dr, Waterford, MI 48329

    Pine Lake Apartments is a pet friendly community offering spacious one and two bedroom apartment homes. Your new home includes heat to keep you warm all winter long, large closets for plenty of storage and central air conditioning for those warmer days. Sit back and relax and enjoy the view of the pond in your tranquil setting.Your new home is close to many local dining, shopping and

    Pine Lake Apartments

    3620 Windmill Dr, Waterford, MI 48329
  • /32

    Starting at $1,024 Per Month

    • 1 - 2 Beds

    950 Village Green Ln, Waterford, MI 48328

    Currently undergoing a multi-million-dollar transformation, 34 North is bringing new energy to one of Waterford Township's most established apartment communities. Enjoy spacious apartment homes, everyday conveniences, and amenities designed to help you make the most of where you live.

    34 North of Waterford

    950 Village Green Ln, Waterford, MI 48328
  • /35

    Starting at $960 Per Month

    • 1 - 2 Beds

    5278 Rosamond Ln, Waterford Township, MI 48327

    Our beautiful lake front apartment community offers you townhomes and apartments as well as a lakefront sparkling pool. Our central location in Waterford, Michigan places you minutes from, M-59 and I-75 in order to get you where ever you need to go! Stop in for your personal tour today!

    Elizabeth Lake Estates

    5278 Rosamond Ln, Waterford Township, MI 48327
  • /16

    Starting at $1,190 Per Month

    • 2 Beds

    1744 Crescent Lake Rd, Waterford, MI 48327

    Crescent Manor Apartments is conveniently located on Crescent Lake Road north of M-59. All of our aparatments are 2 bedroom 1 bath with apparoximately 925 sq.ft. There is a spacious living room with a dining area. 2 large bedrooms with ample closets. The heat, water and 1 carport are included in the rent.

    Crescent Manor

    1744 Crescent Lake Rd, Waterford, MI 48327
  • /35

    Starting at $1,179 Per Month

    • 1 - 3 Beds

    1340 Briarwood Dr, Waterford, MI 48327

    Welcome to Briarwood Apartments, a premier apartment community! Our spacious two-bedroom floor plans are perfect for those seeking a modern, stylish, and comfortable living experience. We offer top-notch education options for your family.

    Briarwood Apartments

    1340 Briarwood Dr, Waterford, MI 48327
  • /8

    $1,450

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • House for Rent

    188 N Avery Rd, Waterford, MI 48328

    Utilities included. Multi- level home with 2 kitchens and 2 living rooms. Looking to rent out the upper levels while another family stays in the lower levels.Kitchen has large refrigerator, with gas stove and dishwasher. 2 bedrooms and 2 bathrooms available.

    188 N Avery Rd, Waterford, MI 48328
  • /39

    $3,500 Per Month

    • 4 Beds
    • 2 Baths
    • 1,515 Sq Ft
    • Condo for Rent

    2104 Highfield Rd, Waterford Township, MI 48329

    Available for immediate lease and offered fully furnished, 2104 Highfield Rd is set upon 1 acre of land, and delivers a truly turnkey living experience in Drayton Plains, Waterford. Fully renovated throughout, this four-bedroom, two-full-bath home pairs fresh, modern finishes with a comfortable and functional layout. The bright main level features an open living room, a dining area with built-in

    2104 Highfield Rd, Waterford Township, MI 48329
  • /8

    $1,495 Per Month

    • 3 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • House for Rent

    2500 Mann Rd, Village of Clarkston, MI 48346

    Property Id: 2751143 Rent price recently reduced to $1495 per month. Deposit is $1399 Hurry!! Come get this home while it is still available. We are a highly desired community located in Clarkston. Current special: Complete our application, get approved, leave deposit, and move in by 9-24-26 and receive $200 off October, $50 off November, and $50 off December. If you have an

    2500 Mann Rd, Village of Clarkston, MI 48346
  • /6

    $1,345 Per Month

    • 3 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • House for Rent

    2500 Mann Rd, Village of Clarkston, MI 48346

    Property Id: 2750920 Current special: Complete our application, get approved, leave deposit, and move in by 9-24-26 and receive $200 off October, $50 off November, and $50 off December. If you have an approved application and tour within 24hrs and leave a deposit the same day this will unlock an extra $100 off. Welcome home to Independence Woods, a welcoming all-ages community located

    2500 Mann Rd, Village of Clarkston, MI 48346
  • /34

    $1,650 Per Month

    • 3 Beds
    • 1 Bath
    • 1,194 Sq Ft
    • House for Rent

    1810 Manse Rd, Waterford, MI 48328

    *Available for lease* Welcome to this beautifully updated 3-bedroom, 1-bathroom home in Waterford Township, offering exclusive access to Scott Lake! Situated on a double lot, this property provides the perfect outdoor living space. Step inside to find a newer kitchen featuring granite counter tops and newer appliances, perfect for cooking and entertaining. The main level boasts new flooring,

    Vic Simjanoski DOBI Real Estate

    1810 Manse Rd, Waterford, MI 48328
  • /32

    $3,500 Per Month

    • 5 Beds
    • 2 Baths
    • 2,200 Sq Ft
    • House for Rent

    4500 Island Park Dr, Waterford Township, MI 48329

    Introducing a stunning 5-bedroom, 2-bathroom waterfront home on Woodhull Lake in Waterford Township. Spanning 2,226 sqft, this residence offers a spacious open-concept layout with abundant natural light. The chef's kitchen features top-of-the-line appliances and a breakfast bar. The highlight of the property is its picturesque location on Woodhull Lake, offering direct access to boating and

    4500 Island Park Dr, Waterford Township, MI 48329
  • /4

    $500 Per Month

    • 110 Sq Ft
    • Property for Rent

    1362 W Huron St Unit B1, Waterford, MI 48328

    1 PRIVATE OFFICE W/ SHARED SUITE NOW AVAILABLE. INTERNET & UTILITIES INCLUDED IN RENT. PERFECT SPOT TO START A BUSINESS. MANY OPTIONS. CONFERENCE AREA. PRIVATE BATHROOM. UTILITY CLOSET W/ SINK. PLENTY OF WINDOWS & NATURAL LIGHTING. LARGE PARKING LOT, PLENTY OF PARKING SPACE. BUILDING IS LOCATED RIGHT ON THE CORNER OF M-59 & VOORHEIS. HIGHLY VISIBLE CORNER WITH OVER 33K CARS DAILY.

    Ann Byer Coldwell Banker Metro Real Estate

    1362 W Huron St Unit B1, Waterford, MI 48328
  • /19

    $975 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    3160 Dixie Hwy Unit A, Waterford, MI 48329

    A charming apartment in a convenient Waterford location. This inviting home offers a comfortable layout with plenty of space to relax and make your own.Located along Dixie Highway, you’ll enjoy easy access to shopping, dining, entertainment, parks, and major roads, making everyday errands and commuting convenient. Whether you’re looking for a cozy place to call home or a convenient

    3160 Dixie Hwy Unit A, Waterford, MI 48329
  • /20

    $1,950 Per Month

    • 2 Beds
    • 2 Baths
    • 1,503 Sq Ft
    • House for Rent

    4784 Sylvester Ave, Waterford, MI 48329

    Awesome custom ranch with 75ft of frontage on "all-sports" Eagle lake. Sprawling wrap-around deck leads down the wooden steps to the lake and your private dock. The custom Primary suite features lake views and a huge WI closet. The Primary bathroom has an oversized tub and shower that were both built for two. The 2nd bedroom is spacious and sits across from another full bathroom. There's also a

    Kerry Grushoff North Bloomfield Properties

    4784 Sylvester Ave, Waterford, MI 48329
  • /6

    $925 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    4191 Farner Ave Unit 4, Drayton Plains, MI 48329

    Stunning 1 Bedroom apartment with modern finishes.

    4191 Farner Ave Unit 4, Drayton Plains, MI 48329
  • /44

    $4,000 Per Month

    • 2 Beds
    • 2 Baths
    • 1,424 Sq Ft
    • Condo for Rent

    3591 Port Cove Dr Unit 55, Waterford, MI 48328

    LOOKING FOR RESORT LIVING? LOOK NO FURTHER! PORT COVE IS THE BEST KEPT SECRET. ENJOY LAKE LIVING WITH DOCKING AVAILABLE ON ALL SPORTS CASS LAKE OR THE CANAL ACCESS RIGHT OUTSIDE YOUR FRONT DOOR. THIS RARELY OFFERD DETACHED RANCH CONDO IS PERFECT FOR A CAREFREE LIFESTYLE. A SPACIOUS SUNLIT & OPEN FLOOR PLAN BOASTS HIGH CEILINGS, SKYLIGHTS, 2 DOORWALLS OUT TO THE MAINTENANCE FREE PLANKED FRONT

    Melanie Bishop KW Domain

    3591 Port Cove Dr Unit 55, Waterford, MI 48328
  • /24

    $2,400 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,854 Sq Ft
    • House for Rent

    1039 Cobalt St, Waterford Township, MI 48327

    Home is located 5 minutes from Dodge park #4 with the beach and boat launch. Spacious 2 Story Contemporary Colonial with 3 beds, 2.5 baths, 2 car attached garage and Updated Kitchen. Master Suite with Full Bath, Fireplace, Walk In Closet and Vaulted Ceilings. 1st Floor Laundry. Home has tons Of storage, Deck In Back With Fenced In Yard. Immediate Occupancy. No Smoking, No Pets! Management Company

    1039 Cobalt St, Waterford Township, MI 48327
  • /12

    $1,995 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,719 Sq Ft
    • House for Rent

    2741 Campbellgate Dr, Waterford, MI 48329

    This is a corner lot in a very desirable neighborhood. Sidewalks for walkers or kids riding bikes. Family friendly, churches right across the street with all kinds of programs, truck or treat coming soon, ride to 7/11 and grab a slurpee and go to the lake and enjoy kayaking or swimming. Much entertainment for the family. Walking distance to Waterford Kettering High School with pool area or Pierce

    Halena Riabucha Your Town Realty

    2741 Campbellgate Dr, Waterford, MI 48329
  • /16

    $900 Per Month

    • 1 Bed
    • 1 Bath
    • 420 Sq Ft
    • Townhouse for Rent

    949 Boston Ave, Waterford Township, MI 48328

    Discover your new sanctuary in this recently renovated upper-level oasis. Ideal for those seeking a blend of modern comfort and value. With this prime location and renovations, this unit will not last long. Just seconds from Telegraph Road and M-59 (Huron St), you are minutes away from retail centers, grocery stores, and local recreation and the rest of Metro-Detroit. The interior boasts a

    949 Boston Ave, Waterford Township, MI 48328
  • /11

    $1,600 Per Month

    • 2 Beds
    • 1 Bath
    • 1,485 Sq Ft
    • Condo for Rent

    7633 Woodview Dr, Waterford, MI 48327

    Discover a lifestyle of refined ease at 7633 Woodview DR, Waterford Charter Township, MI. This condominium, built in 1989, presents an opportunity for comfortable living, thoughtfully designed to enhance your everyday experience. This inviting residence offers two bedrooms, providing versatile spaces for rest and rejuvenation. Experience the potential for a fulfilling lifestyle; contact us today

    Mirvari Nesimova ICON Realty Experts, LLC

    7633 Woodview Dr, Waterford, MI 48327
  • /2

    $775 Per Month

    • 1,092 Sq Ft
    • Property for Rent

    6695 Highland Rd Unit 106, Waterford, MI 48327

    Great place for your business and you can finish it however you'd like. Currently open and ready for any finishing touches you'd like or leave it as is and just move in and enjoy. Gas and electric included. Exterior freshly painted. Great visibility on busy M-59. You get 24/7 access to your space. Term negotiable but min year term. Common space to enjoy and no extra CAM cost. Come chek it out.

    Trisha Banks Elite Realty

    6695 Highland Rd Unit 106, Waterford, MI 48327
  • /31

    $3,950 Per Month

    • 3 Beds
    • 2 Baths
    • 2,354 Sq Ft
    • House for Rent

    4533 Horseshoe Dr, Waterford, MI 48328

    Totally awesome, fully furnished lakefront retreat on the main body of highly desirable All Sports Watkins Lake. Enjoy boating and swimming right out your back door. The home boasts a large two tiered synthetic composite deck to enjoy the sunsets and lake views. 2 car attached garage. Huge open floor plan with plenty of windows to let in the natural light. Updated kitchen with new stainless

    Mike Morgan Remerica United Realty

    4533 Horseshoe Dr, Waterford, MI 48328
  • /9

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 1,724 Sq Ft
    • House for Rent

    3895 Dorothy -- Walk-Out Apartment Ln, Waterford Charter Township, MI 48329

    Summer on the Lake! One-bedroom, in-law suite located in lower-level, walk-out basement of truly fabulous home. Full bath, laundry, kitchen and living room with doorwall view of lake! Homeowners live upstairs. Shared utilities and facilities of this lakefront home. Access down back steps to doorwall. Large, shared driveway. Other amenities possible. Short or long term options for lease. Unique

    Jesica Spencer Keller Williams Premier

    3895 Dorothy -- Walk-Out Apartment Ln, Waterford Charter Township, MI 48329
  • /8

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • 890 Sq Ft
    • House for Rent

    933 Myrtle Ave, Waterford, MI 48328

    Motivated Seller: Don't miss out on this great investment opportunity! This house is perfect for first time homebuyers or investors. This move in ready 2 bedroom home offers comfort and long term value. Featuring a brand new roof (2021), ample storage, and abundant cabinet space, this home is ready for its next owner. There is a one year home warranty added for peace of mind. Enjoy the spacious

    Janan Anton Max Broock Realtors

    933 Myrtle Ave, Waterford, MI 48328
  • /10

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    139 Draper Ave Unit 1, Waterford, MI 48328

    WOW! BEAUTIFUL & SPACIOUS 2 BEDROOM ENTRY LEVEL UNIT WITH GORGEOUS WOOD FLOORS. OPEN FLOOR PLAN, NATURAL LIGHT, LOTS OF STORAGE, & MOVE IN READY. 1 AND 1/2 MONTHS SECURITY DEPOSIT, $150 NON REFUNDABLE CLEANING FEE REQUIRED. INCOME VERIFICATION, 2 MOST RECENT PAYSTUBS, CREDIT REPORT AND APPLICATION REQUIRED. CLOSE TO SHOPPING, EXPRESSWAYS & RESTAURANTS. LAUNDRY AREA ON LOWER LEVEL. CLOSE TO

    Ralynda Moore KW Professionals

    139 Draper Ave Unit 1, Waterford, MI 48328
  • /55

    $4,500 Per Month

    • 2,385 Sq Ft
    • Property for Rent

    1095 W Huron St, Waterford Township, MI 48328

    Beautifully Renovated Stand-Alone Medical Building right on Huron Road " M59 Highway" just west of Josephine Ave! Vacant & move in ready medical office building with total of 4,770 Sq Ft. Two-Story Medical/Dental Office for Sale or for for lease on M-59, the main level has 2385 Sq Ft of fully renovated medical office- space with a nice reception area at the front that is separated from the

    Hassan Karadsheh R2M Realty,

    1095 W Huron St, Waterford Township, MI 48328

Showing Results 1 - 40, Page 1 of 2

Why Live in Waterford

Named for an abundance of lakes in the outer suburbs of Detroit, Waterford Township offers affordable lakeside living within minutes of dining and other amenities. Despite making up a large swath of land in the Northwest Detroit metropolitan area, ...

Frequently Asked Questions

How much does it cost to rent a home in Waterford, MI?
The median rent for a home in Waterford, MI is $1,995 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Waterford, MI?
To comfortably afford the median rent in Waterford, MI, a household needs to earn roughly $79,800 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 $1,995 per month in Waterford, MI, renters typically need to show $5,985 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 Waterford, MI?
In Waterford, 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 Home Trends

Number of Homes for Rent
75
Median Rent
$1,995
Median Single Family Home Rent
$2,000
Median Townhouse Rent
$848
Median Condo Rent
$1,250
How to Rent a Home