Homes & Apartments for Rent in Lake Orion, MI 48359

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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 October 2026, 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 115.8% ($1,616) higher than the Michigan average of $1,395 and 65.5% ($1,192) higher than the U.S. average of $1,819.

Average Rent
$3,011
Monthly ChangeMonth Over Month Change
Decreased2% ($63)
Yearly ChangeYear Over Year Change
Decreased17.2% ($624)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,165 Decreased2.8% ($62) Decreased26.1% ($764)
2 Beds $2,741 Decreased2.4% ($66) Decreased27.6% ($1045)
3 Beds $3,876 Increased19.8% ($641) Decreased19.8% ($959)
Nearby Cities Average Rent Avg. Rent vs. Lake OrionAverage Rent vs. Lake Orion Avg. Days on MarketAverage Days on Market
Oxford $894 Decreased70.3% ($2117) 37 days
Auburn Hills $2,117 Decreased29.7% ($894) 32 days
Clarkston $1,281 Decreased57.5% ($1730) 37 days
Pontiac $1,299 Decreased56.9% ($1712) 32 days
Rochester $1,795 Decreased40.4% ($1216) 38 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lake Orion Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lake Orion, MI.

The average rent in Lake Orion, MI is $3,011 per month.
In Lake Orion, the average rent for a 1-bedroom home is $2,165 per month, for a 2-bedroom home, $2,741 per month, and a 3-bedroom home is $3,876 per month.
The average rent in Lake Orion is 65.5% ($1,192) higher than the national average of $1,819 per month.
The rental market in Lake Orion, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $109,640 to comfortably afford a 2-bedroom home in Lake Orion.
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