Apartments for Rent in Lake Orion, MI

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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 June 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 64.9% ($927) higher than the Michigan average of $1,429 and 31.1% ($559) higher than the U.S. average of $1,797.

Average Rent
$2,356
Monthly ChangeMonth Over Month Change
Decreased22.6% ($686)
Yearly ChangeYear Over Year Change
Decreased39.3% ($1525)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,799 Decreased22.1% ($511) Decreased32.2% ($853)
2 Beds $2,380 Decreased24.7% ($779) Decreased32.7% ($1154)
3 Beds $2,901 Decreased33.1% ($1436) Decreased35.7% ($1614)
Nearby Cities Average Rent Avg. Rent vs. Lake OrionAverage Rent vs. Lake Orion Avg. Days on MarketAverage Days on Market
Oxford $1,254 Decreased46.8% ($1102) 35 days
Auburn Hills $2,017 Decreased14.4% ($339) 36 days
Clarkston $1,389 Decreased41% ($967) 36 days
Pontiac $1,321 Decreased43.9% ($1035) 34 days
Rochester $2,054 Decreased12.8% ($302) 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 $2,356 per month.
Apartments in Lake Orion typically rent for between $1,259 and $3,771 per month, with an average of $2,356 per month.
In Lake Orion, the average rent for a 1-bedroom apartment is $1,799 per month, for a 2-bedroom apartment, $2,380 per month, and a 3-bedroom apartment is $2,901 per month.
The average rent in Lake Orion is 31.1% ($559) higher than the national average of $1,797 per month.
The average rent in Lake Orion has decreased by 22.6% ($686) in the last month and decreased by 39.3% ($1,525) 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 8 rental properties available in Lake Orion, MI.
Based on the current averages, a household would need an annual income of $95,200 to comfortably afford a 2-bedroom apartment in Lake Orion.
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