Waterford, MI · Detroit metro
September 2026
48327,48328,48329
Long-term Rental Rates
Long-term rental rates for Waterford (48327,48328,48329), in the Detroit metro area, as of September 2026.
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,052 – $1,139 | -5.97% | -7.69% |
| 2-Bedroom | $1,261 – $1,367 | -12.26% | -12.53% |
| 3-Bedroom | $1,915 – $2,013 | -4.37% | -1.73% |
| 4-Bedroom | $2,216 – $2,363 | 0.73% | 5.17% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,283 – $1,341 | 1.48% | 3.59% |
| 2-Bedroom | $1,627 – $1,711 | -3.63% | -1.98% |
| 3-Bedroom | $2,250 – $2,387 | 0.92% | 4.92% |
| 4-Bedroom | $2,456 – $2,577 | 0.15% | 4.93% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,225 – $1,262 | -6.44% | -2.58% |
| 2-Bedroom | $1,548 – $1,627 | -1.22% | -0.03% |
| 3-Bedroom | $2,018 – $2,217 | 0.88% | 3.46% |
| 4-Bedroom | $2,405 – $2,564 | -1.14% | 4.05% |
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.