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What to Know About
Life in Lake Orion & Beyond
Lake Orion shares many of the great qualities that make Michigan a desirable place to live.
Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.
The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.
Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.
Rental Market Trends
Lake Orion, MI
As of August 2025, Lake Orion's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lake Orion's average rent is 170.2% ($2,354) higher than the Michigan average of $1,383 and 108.8% ($1,947) higher than the U.S. average of $1,790.
Average Rent
$3,737
Monthly ChangeMonth Over Month Change
2.3% ($87)
Yearly ChangeYear Over Year Change
6.5% ($227)
Avg. Days on MarketAverage Days on Market
37
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,688 | 0.1% ($4) | 5.3% ($135) |
| 2 Beds | $3,571 | 0.6% ($20) | 10.7% ($345) |
| 3 Beds | $4,587 | 2.3% ($105) | 10.3% ($428) |
| Nearby Cities | Average Rent | Avg. Rent vs. Lake OrionAverage Rent vs. Lake Orion | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Oxford | $1,089 | 70.9% ($2648) | 35 days |
| Auburn Hills | $2,103 | 43.7% ($1634) | 36 days |
| Clarkston | $1,377 | 63.2% ($2360) | 36 days |
| Pontiac | $1,129 | 69.8% ($2608) | 34 days |
| Rochester | $1,920 | 48.6% ($1817) | 32 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lake Orion Rental Market FAQs
Explore rental prices, market trends, and availability in Lake Orion, MI.
The average rent in Lake Orion, MI is $3,737 per month.
Homes in Lake Orion typically rent for between $1,882 and $5,963 per month, with an average of $3,737 per month.
In Lake Orion, the average rent for a 1-bedroom home is $2,688 per month, for a 2-bedroom home, $3,571 per month, and a 3-bedroom home is $4,587 per month.
The average rent in Lake Orion is 108.8% ($1,947) higher than the national average of $1,790 per month.
The average rent in Lake Orion has decreased by 2.3% ($87) in the last month and increased by 6.5% ($227) over the past year.
The rental market in Lake Orion, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lake Orion, MI, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 7 rental properties available in Lake Orion, MI.
Based on the current averages, a household would need an annual income of $142,840 to comfortably afford a 2-bedroom home in Lake Orion.
