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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 November 2026, Walled Lake's rental market is stable, with rentals spending about 27 days on the market, about the same as in Michigan (26), and rents up 1.2% over the past year. Walled Lake's average rent is 11.0% ($172) higher than the Michigan average of $1,569 and 14.5% ($295) lower than the U.S. average of $2,036.

Average Rent
$1,741
Monthly ChangeMonth Over Month Change
Decreased0.20% ($3)
Yearly ChangeYear Over Year Change
Increased1.2% ($21)
Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,247 Increased0.08% ($1) Increased1.7% ($20)
2 Beds $1,699 Decreased0.29% ($5) Increased3.3% ($55)
3 Beds $2,003 Increased0.03% ($1) Decreased0.1% ($2)
Nearby Cities Average Rent Avg. Rent vs. Walled LakeAverage Rent vs. Walled Lake Days on Market
Commerce Township $2,206 Increased26.7% ($465) 27 days
Wixom $1,738 Decreased0.2% ($3) 27 days
Novi $2,034 Increased16.8% ($293) 26 days
West Bloomfield $2,164 Increased24.3% ($423) 27 days
New Hudson $1,814 Increased4.2% ($73) 27 days
Based on rentals advertised on RentalSource in and around Walled Lake.
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 about $1,741 per month.
In Walled Lake, the average rent is about $1,247 per month for a 1-bedroom home, about $1,699 for a 2-bedroom home and about $2,003 for a 3-bedroom home.
The average rent in Walled Lake is 14.5% ($295) lower than the national average of $2,036 per month.
The rental market in Walled Lake, MI is currently stable, with rentals spending about 27 days on the market, about the same as in Michigan (26), and rents up 1.2% over the past year.
Based on the current averages, a household would need an annual income of about $68,000 to comfortably afford a 2-bedroom home in Walled Lake.
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