Waterford, MI
August 2026
48327,48328,48329
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,159 – $1,194 | 6.36% | 0.26% |
| 2-Bedroom | $1,509 – $1,587 | 4.37% | 1.64% |
| 3-Bedroom | $1,990 – $2,122 | -0.99% | 3.50% |
| 4-Bedroom | $2,200 – $2,345 | 0.44% | 5.09% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,268 – $1,307 | -1.65% | 2.23% |
| 2-Bedroom | $1,667 – $1,777 | -1.56% | 3.23% |
| 3-Bedroom | $2,242 – $2,331 | 0.85% | 4.28% |
| 4-Bedroom | $2,430 – $2,573 | 0.87% | 5.26% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,306 – $1,359 | 0.89% | 4.67% |
| 2-Bedroom | $1,576 – $1,657 | -1.56% | 2.25% |
| 3-Bedroom | $2,006 – $2,204 | 2.05% | 3.75% |
| 4-Bedroom | $2,445 – $2,649 | 1.05% | 7.25% |
In the Waterford (48327, 48328, 48329) rental market, 3-bedroom apartments reached a median rent of $2,093 in July 2026, rising 4.10% month-over-month. This was accompanied by a 6.47% year-over-year increase, marking notable upward movement compared to other apartment sizes in Waterford (48327, 48328, 48329).
For 2-bedroom units, condos in Waterford (48327, 48328, 48329) posted a median rent of $1,756, leading apartments by $332. The monthly increase for condos in this segment was 3.90%, while 2-bedroom apartment rents edged up just 0.07% during the same period.
According to Waterford (48327, 48328, 48329) rental trends, 1-bedroom apartment rents declined by 9.45% year-over-year to $1,056 as of July 2026. Meanwhile, 1-bedroom condos and single-family homes increased 3.64% and 4.80% YoY, respectively, suggesting a shift in demand among property types.