Homes for Rent in 48360

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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 July 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 180.1% ($2,459) higher than the Michigan average of $1,365 and 115.4% ($2,049) higher than the U.S. average of $1,775.

Average Rent
$3,824
Monthly ChangeMonth Over Month Change
Decreased1.5% ($57)
Yearly ChangeYear Over Year Change
Increased78% ($1676)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,684 Increased1.2% ($32) Increased60.8% ($1015)
2 Beds $3,551 Increased0.5% ($17) Increased68.4% ($1442)
3 Beds $4,482 Decreased0.7% ($33) Increased76.9% ($1949)
Nearby Cities Average Rent Avg. Rent vs. Lake OrionAverage Rent vs. Lake Orion Avg. Days on MarketAverage Days on Market
Oxford $1,050 Decreased72.5% ($2774) 35 days
Auburn Hills $2,096 Decreased45.2% ($1728) 36 days
Clarkston $1,359 Decreased64.5% ($2465) 36 days
Pontiac $1,116 Decreased70.8% ($2708) 34 days
Rochester $1,938 Decreased49.3% ($1886) 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 $3,824 per month.
Homes in Lake Orion typically rent for between $1,879 and $5,827 per month, with an average of $3,824 per month.
In Lake Orion, the average rent for a 1-bedroom home is $2,684 per month, for a 2-bedroom home, $3,551 per month, and a 3-bedroom home is $4,482 per month.
The average rent in Lake Orion is 115.4% ($2,049) higher than the national average of $1,775 per month.
The average rent in Lake Orion has decreased by 1.5% ($57) in the last month and increased by 78.0% ($1,676) 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 $142,040 to comfortably afford a 2-bedroom home in Lake Orion.
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