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Newest Homes for Rent in Waterford, MI

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  • /32

    Starting at $1,099 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
  • /18

    Starting at $840 Per Month

    • Studio - 2 Beds

    504 Maplebrook Ln, Waterford, MI 48327

    Do you see yourself living comfortably in a well-located, welcoming community? Look no further than Rivers Edge Apartments! Well-kept and conveniently priced, our apartments in Waterford, MI, offer you a collection of remarkable amenities and services as well as thoughtfully designed layouts to support the way you live. Were pet-friendly, too!The seamless blend between snug interiors and

    Rivers Edge Apartments

    504 Maplebrook Ln, Waterford, MI 48327
  • /35

    Starting at $1,075 Per Month

    • 1 - 2 Beds

    2750 Cherokee Dr, Waterford, MI 48328

    Welcome to Cherokee Hills Apartments, where modern living meets ultimate convenience in the heart of Waterford Township. Our spacious 1 and 2-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

    Cherokee Hills Apartments

    2750 Cherokee Dr, Waterford, MI 48328
  • /35

    Starting at $1,449 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
  • /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.

    Glengarry Park - Waterford Twp, MI

    850 Williamsbury Ct, Waterford, MI 48328
  • /35

    Starting at $990 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
  • /30

    Starting at $1,070 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
  • /35

    Starting at $889 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
  • /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're located only minutes from freeway access, local shopping, dining, and entertainment. Visit Heritage Park Apartments - We'd be happy to schedule you a tour of our community!

    Heritage Park East

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

    Starting at $999 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 $1,399 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
  • /5

    Starting at $750 Per Month

    • 1 - 2 Beds

    4400 Elizabeth Lake Rd, Waterford, MI 48328

    Adams Lake Apartments

    4400 Elizabeth Lake Rd, Waterford, MI 48328
  • /18

    Starting at $1,030 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
  • /13

    Starting at $895 Per Month

    • 1 - 2 Beds

    2870 Greyberry Dr, Waterford, MI 48328

    ASK ABOUT OUR BRAND-NEW RENOVATIONS! Greyberry Park Apartments offers a premier location in the heart of Waterford, Michigan. Living at Greyberry Park provides you with everything you need within minutes of your front door. An abundance of lakes and parks provides a plethora of activities for the outdoor enthusiast! Our ideal location allows residents to travel in metropolitan Detroit with

    Greyberry Park Apartments

    2870 Greyberry Dr, Waterford, MI 48328
  • /33

    Starting at $1,115 Per Month

    • 2 Beds

    3620 Windmill Dr Unit 3685-424, 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 Unit 3685-424, Waterford, MI 48329
  • /20

    $1,750 Per Month

    • 2 Beds
    • 1 Bath
    • 956 Sq Ft
    • Condo for Rent

    3112 Hidden Trail, Waterford, MI 48328

    This beautifully "FURNISHED LEASE" and coveted entry-level condo in the Hidden Ridge of Waterford Complex offers a fantastic two-bedroom, one-bathroom space. With ample storage in the elegant kitchen, bright and airy rooms bathed in natural light, and in-unit laundry, this condo is a dream come true. The circular floor plan and attached garage provide convenience and comfort. Step outside to your

    Christopher Ayers @properties Christie's Int'l R.E. Birmingham

    3112 Hidden Trail, Waterford, MI 48328
  • /19

    $2,300

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,200 Sq Ft
    • House for Rent

    3895 Dorothy Ln, Waterford Township, MI 48329

    9-MONTH RENTAL--BEAUTIFUL LAKEFRONT HOME--FULLY FURNISHED. Rental period is mid-September to mid-May. 3 bedrooms, 2.5 baths. Shared cost of utilities and snow plow, approx 350-400/month. Garage space included. Ideal for those building, remodeling, or new to the area. Experience lake living--potentially find a lake home of your own nearby!

    3895 Dorothy Ln, Waterford Township, MI 48329
  • /23

    $2,200 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,358 Sq Ft
    • Lakeside Luxury: Newly Renovated 3-Bedroom Home with Elizabeth Lake Access!

    1040 Lalond St, Waterford Township, MI 48327

    Property Description:Welcome to your newly renovated dream home! This 3-bedroom, 1.5-bathroom gem has been completely updated with new flooring, fresh paint, and a modernized kitchen, ensuring a comfortable and stylish living experience. Enjoy the spacious layout, perfect for both relaxation and entertaining.Area Description:Located in the vibrant Waterford, MI, this home offers

    1040 Lalond St, Waterford Township, MI 48327
  • /17

    $1,350 Per Month

    • 1 Bed
    • 1 Bath
    • 1,300 Sq Ft
    • Condo for Rent

    3170 Dixie Hwy Unit E, Waterford, MI 48328

    Welcome to 3170 Dixie Hwy – Apt E in Waterford, MI! This inviting apartment offers a comfortable and convenient place to call home. Enjoy a functional layout with bright living spaces and a convenient location near shopping, dining, entertainment, and major roadways. Whether you're relaxing at home or heading out for the day, this location provides easy access to everything Waterford has to offer.

    Mark Zawaideh JMZ Management

    3170 Dixie Hwy Unit E, Waterford, MI 48328
  • /38

    $1,950 Per Month

    • 2 Beds
    • 2 Baths
    • 1,300 Sq Ft
    • Condo for Rent

    4911 Oak Hill Dr Unit 3, Waterford, MI 48329

    Bright first-floor condo with private entry and lake privileges. This 2 bedroom, 2 bathroom home features a spacious living room, eat-in kitchen, and primary suite. Enjoy outdoor living with a private deck, shared courtyard, and added storage in the shed. Private garage plus additional parking. Quite setting with quick access to the lake, shops, and parks. No stairs to enter, well-maintained, and

    Suzana Myftari Berkshire Hathaway HomeServices Kee Realty Bham

    4911 Oak Hill Dr Unit 3, Waterford, MI 48329
  • /3

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    4080 Joyce Ave, Drayton Plains, MI 48329

    Property Id: 40513 LIVE IN CUSTOM BUILT LUXURY RESIDENCE IN BEAUTIFUL LAKE COUNTRY. Gorgeous, spacious 2 bedrooms 1 bath 2ND FLOOR, LUXURY FLAT in a Waterford DUPLEX. Great location on a QUIET, DEAD END, STREET. Walking distance from Walton. Short drive to Dixie. ADJACENT TO MASON MIDDLE SCHOOL. WALKING DISTANCE TO GRAYSON ELEMENTARY. This home features LOTS OF NATURAL LIGHT.

    4080 Joyce Ave, Drayton Plains, MI 48329
  • /41

    $2,000 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,668 Sq Ft
    • Condo for Rent

    3148 Megan Dr Unit 29, Waterford, MI 48328

    Hillcrest Pointe Condo for lease! Fully remodeled with modern finishes and smart-home technology that allows you to control key features right from your home! End unit with a wooded backyard in a peaceful neighborhood with little traffic. 2 bed w/elective 3rd, 1.5 bath, over-sized 2 car attached garage with direct access. Large master bedroom with walk-in closet. The beautifully updated kitchen

    Catherine Westcott HomeMark Realty Group LLC

    3148 Megan Dr Unit 29, Waterford, MI 48328
  • /49

    $1,400

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Condo for Rent

    4080 Joyce Ave Unit B, Waterford Township, MI 48329

    LIVE IN LAKE COUNTRY. THIS IS LUXURY. Gorgeous, spacious 2 bedrooms 1 bath 1st floor LUXURY FLAT in a Waterford DUPLEX. Great location on a QUIET, DEAD END, STREET. Walking distance from Walton. Short drive to Dixie. ADJACENT TO MASON MIDDLE SCHOOL. WALKING DISTANCE TO GRAYSON ELEMENTARY This home features A/C, uncommon in Waterford. LOTS OF NATURAL LIGHT. Lovely, spacious

    4080 Joyce Ave Unit B, Waterford Township, MI 48329
  • /20

    $2,900

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 3,450 Sq Ft
    • House for Rent

    3697 Floretta St, Clarkston, MI 48346

    Fantastic home, with access to private beach just 4 houses down. Lake access to Oakland Lake, lake views just across the street, 3 beds, possible 4, office, formal dining-room, huge kitchen and livingroom w/20 ft vaulted ceilings, offers a glass doorwall to wood deck and patio. Kitchen opens to the dinnette or family room, home offers extra deep heated garage, house is on a quiet corner lot and

    3697 Floretta St, Clarkston, MI 48346
  • /12

    $1,000 Per Month

    • 1,200 Sq Ft
    • Property for Rent

    7631 Highland Rd, Waterford Township, MI 48327

    1,200 SF Wide Open Space FOR LEASE on BUSY M-59!!! Large Parking in Rear.

    Tom Wilhelm Wilhelm & Associates

    7631 Highland Rd, Waterford Township, MI 48327
  • /2

    $1,661 Per Month

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

    2500 Mann Rd, Village of Clarkston, MI 48346

    Property Id: 2751143 Welcome home to Independence Woods, a welcoming all-ages community located within the highly regarded Clarkston School District. This updated manufactured home offers comfortable living at an affordable monthly payment of just $1,660.62 Home Features: ~ Situated in a quiet neighborhood setting with a strong sense of community. ~ Easy access to I-75, making

    2500 Mann Rd, Village of Clarkston, MI 48346
  • /2

    $1,506 Per Month

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

    2500 Mann Rd, Village of Clarkston, MI 48346

    Property Id: 2750920 Welcome home to Independence Woods, a welcoming all-ages community located within the highly regarded Clarkston School District. This updated manufactured home offers comfortable living at an affordable monthly payment of just $1,505.21 Home Features: ~ Situated in a quiet neighborhood setting with a strong sense of community. ~ Easy access to I-75, making

    2500 Mann Rd, Village of Clarkston, MI 48346
  • /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
  • /38

    $2,150 Per Month

    • 3 Beds
    • 2 Baths
    • 2,634 Sq Ft
    • House for Rent

    4080 Cass Elizabeth Rd, Waterford, MI 48328

    Lucky You - you have a chance at this beautiful property! This home is Move-In-Ready! Clean as a Whistle!! Very Spacious 1634 sq. ft. home with 3 bedrooms and 2 bathrooms. Built in 2002, one of the newer homes in the sub. Basement is partially finished and has 9' 6" from floor to ceiling (7' 6" to ceiling tile). New Roof 2025, New Built-in dishwasher 2025, new city approved sewer line connection

    Alyce Smith Century 21 Professionals Troy

    4080 Cass Elizabeth Rd, Waterford, MI 48328
  • /3

    $1,500 Per Month

    • 1,200 Sq Ft
    • Property for Rent

    7300 Highland Rd Unit 7136, Waterford, MI 48327

    VERY NICE UNIT. THIS WOULD BE A PERFECT OFFICE OR RETAIL SPACE. TERRIFIC PLAZA AND LOCATION.

    Ernie Gavrilides Real Estate One

    7300 Highland Rd Unit 7136, Waterford, MI 48327
  • /19

    $1,425 Per Month

    • 2 Beds
    • 1 Bath
    • 990 Sq Ft
    • Condo for Rent

    7751 Lake Ridge Dr, Waterford, MI 48327

    Welcome home to this charming carriage home at the back of the complex with wetlands-pond view. Single level living on the second floor with its own private entrance. This condo has just been repainted in neutral colors. It has a cathedral ceiling in the living room with a patio door and deck for sitting outside. There are 2 bedrooms and one full bath. One bedroom has a walk in closet and the

    Terry Ozak RE/MAX Leading Edge

    7751 Lake Ridge Dr, Waterford, MI 48327
  • /63

    $3,900 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,460 Sq Ft
    • House for Rent

    5264 Cooley Lake Rd, Waterford Township, MI 48327

    Experience waterfront living in this stunning 2025 new construction with dedicated private frontage on all-sports Elizabeth Lake. Designed for modern, low-maintenance living, this 4-bedroom, 2.5-bath colonial offers nearly 2,500 square feet of bright, open-concept space with direct lake access and your own private seawall just steps from the front door. The beautifully designed kitchen features

    Jaime Burkhart Preferred, Realtors® Ltd

    5264 Cooley Lake Rd, Waterford Township, MI 48327
  • /20

    Starting at $950 Per Month

    • 1 - 2 Beds

    6935 Tuson Blvd, Clarkston, MI 48346

    Chalet Villa offers spacious apartments in Clarkston, MI and is just minutes from Dixie Highway, I-75 and M-59. Our property has large lawns, beautiful lake views and many mature trees. Residents will love to relax at our swimming pool and picnic area. Our units are spacious and include window treatments, trash removal, stove, refrigerator and dishwasher. We have 24 hour

    Chalet Villa Lakefront Community

    6935 Tuson Blvd, Clarkston, MI 48346
  • /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
  • /33

    $2,600 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
  • /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
  • /20

    $2,300 Per Month

    • 3 Beds
    • 2.5 Baths
    • 3,100 Sq Ft
    • House for Rent

    3895 Dorothy Ln, Waterford, MI 48329

    Lake Living is really the best living, even off peak! Amazing FULLY FURNISHED home for rent from Labor Day to Memorial Day. Modern ranch on the tip of Maceday Lake and Lotus Lake--enjoy panaramic views of both lakes from all sides. 3 bedrooms, 2.5 baths, lovely living room and modern kitchen, plus decks that don't end! Option to rent the additional lower level apartment/in-law suite walk-out

    Jesica Spencer Keller Williams Premier

    3895 Dorothy Ln, Waterford, MI 48329
  • /11

    $2,000 Per Month

    • 4 Beds
    • 2 Baths
    • 1,558 Sq Ft
    • House for Rent

    3611 Percy King Rd, Waterford, MI 48329

    Beautiful 4 bedroom 2 bath Cape Cod. Open floor plan w/ large living room. comes with new paint and flooring, Extra large utility room also use for office or family room. Huge 3 car heated garage with work shop. 2 main floor bedrooms and 2 upper bedrooms with a full bath on each. Lake privileges on all sports Lotus Lake. Floored attic for ample storage. pets neg. w/pet fee. No smoking inside of

    William Mountain North Bloomfield Properties

    3611 Percy King Rd, Waterford, MI 48329
  • /29

    $2,800 Per Month

    • 2 Beds
    • 2 Baths
    • 1,160 Sq Ft
    • Condo for Rent

    3559 Port Cove Dr, Waterford, MI 48328

    Welcome to 3559 Port Cove #25, a meticulously maintained 2-bedroom, 2-full-bath condo situated in the heart of Waterford. This upper-level residence boasts incredible natural light and a private balcony overlooking the pristine grounds of Port Cove. Standout features include a dedicated 10x30 basement storage unit—a rare find providing ample space for hobbies or transition—and a detached garage.

    Jessica Aziz Pro Realty

    3559 Port Cove Dr, Waterford, MI 48328
  • /20

    $3,400 Per Month

    • 3 Beds
    • 3 Baths
    • 2,463 Sq Ft
    • House for Rent

    1075 Lalond Ave, Waterford, MI 48327

    Beautiful Ranch with Cass Lake Access This beautiful and well-maintained 3-bedroom, 3 full bathroom ranch offers comfortable single-level living with stunning views and exceptional privacy.The bright, open-concept layout is filled with natural light and features a practical kitchen with ample storage, modern appliances, and seamless flow into the main living and dining areas. The spacious

    Scott Fader Joseph Walter Realty, LLC

    1075 Lalond Ave, Waterford, MI 48327

Showing Results 1 - 40, Page 1 of 2

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 $2,000 per month, though prices vary by neighborhood, size, and property type. As of August 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 $80,000 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 $2,000 per month in Waterford, MI, renters typically need to show $6,000 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 11.5, 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
72
Median Rent
$2,000
Median Single Family Home Rent
$2,000
Median Townhouse Rent
$795
Median Condo Rent
$1,413
How to Rent a Home