Homes & Apartments for Rent in Walled Lake, MI 48390

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What to Know About

Life in Walled Lake & Beyond

Walled Lake 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

Walled Lake, MI

As of October 2026, Walled Lake's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Walled Lake's average rent is 0.8% ($11) lower than the Michigan average of $1,395 and 23.9% ($435) lower than the U.S. average of $1,819.

Average Rent
$1,384
Monthly ChangeMonth Over Month Change
Decreased10.3% ($159)
Yearly ChangeYear Over Year Change
Decreased27% ($511)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,150 Increased0.2% ($2) Decreased19.7% ($282)
2 Beds $1,733 Decreased0.3% ($5) Decreased6.4% ($118)
3 Beds $2,451 Decreased1.1% ($28) Increased3.7% ($87)
Nearby Cities Average Rent Avg. Rent vs. Walled LakeAverage Rent vs. Walled Lake Avg. Days on MarketAverage Days on Market
Wixom $1,523 Increased10% ($139) 34 days
Novi $1,747 Increased26.2% ($363) 35 days
West Bloomfield $2,145 Increased55% ($761) 33 days
White Lake $1,166 Decreased15.8% ($218) 34 days
Farmington $1,272 Decreased8.1% ($112) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Walled Lake Rental Market FAQs

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

The average rent in Walled Lake, MI is $1,384 per month.
In Walled Lake, the average rent for a 1-bedroom home is $1,150 per month, for a 2-bedroom home, $1,733 per month, and a 3-bedroom home is $2,451 per month.
The average rent in Walled Lake is 23.9% ($435) lower than the national average of $1,819 per month.
The rental market in Walled Lake, 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 $69,320 to comfortably afford a 2-bedroom home in Walled Lake.
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