Waterford, MI
April 2026
48327,48328,48329
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,114 – $1,207 | -0.28% | 1.10% |
| 2-Bedroom | $1,371 – $1,485 | -2.61% | 1.12% |
| 3-Bedroom | $1,895 – $2,020 | 0.16% | 3.61% |
| 4-Bedroom | $2,097 – $2,236 | 0.86% | 4.67% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,230 – $1,285 | 0.46% | 3.77% |
| 2-Bedroom | $1,615 – $1,722 | 1.17% | 4.50% |
| 3-Bedroom | $2,124 – $2,223 | 0.79% | 3.96% |
| 4-Bedroom | $2,266 – $2,416 | 0.93% | 4.01% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,243 – $1,289 | 0.75% | 4.93% |
| 2-Bedroom | $1,492 – $1,569 | -2.83% | 0.86% |
| 3-Bedroom | $1,902 – $2,090 | 0.14% | 4.79% |
| 4-Bedroom | $2,321 – $2,490 | 3.90% | 6.28% |
Within Waterford (48327, 48328, 48329), median rent for 2-bedroom single-family homes dropped by -2.83% month over month to $1,530 in April 2026. Meanwhile, 2-bedroom condo/townhome rents increased 1.17% MoM to $1,669, highlighting a diverging trajectory between property types for this segment.
The 4-bedroom single-family category in Waterford (48327, 48328, 48329) registered a notable year-over-year increase in median rent, reaching $2,406 with a 6.28% gain. This outperforms the apartment segment’s 4BR annual growth of 4.67%, making single-family houses the top performer over the past year in larger formats.
Rental trends in Waterford (48327, 48328, 48329) indicate that 3-bedroom condo/townhomes command a median rent of $2,154, exceeding 3BR apartments at $1,957 by $197. The condo/townhome segment experienced a 3.96% YoY increase, slightly ahead of apartments, which rose 3.61% annually for 3BR units.