Apartments for Rent in Walled Lake, MI

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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 July 2025, 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 7.4% ($101) lower than the Michigan average of $1,365 and 28.8% ($511) lower than the U.S. average of $1,775.

Average Rent
$1,264
Monthly ChangeMonth Over Month Change
Increased12.2% ($137)
Yearly ChangeYear Over Year Change
Decreased15.5% ($232)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,121 Decreased0.1% ($1) Decreased16.7% ($224)
2 Beds $1,483 Decreased2.6% ($39) Decreased12.8% ($217)
3 Beds $1,872 Decreased0.7% ($13) Decreased17% ($383)
Nearby Cities Average Rent Avg. Rent vs. Walled LakeAverage Rent vs. Walled Lake Avg. Days on MarketAverage Days on Market
Wixom $1,498 Increased18.5% ($234) 32 days
Novi $1,734 Increased37.2% ($470) 37 days
West Bloomfield $1,989 Increased57.4% ($725) 34 days
Farmington $1,137 Decreased10% ($127) 35 days
Milford $1,553 Increased22.9% ($289) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Walled Lake Rental Market FAQs

Explore rental prices, market trends, and availability in Walled Lake, MI.

The average rent in Walled Lake, MI is $1,264 per month.
Apartments in Walled Lake typically rent for between $785 and $2,434 per month, with an average of $1,264 per month.
In Walled Lake, the average rent for a 1-bedroom apartment is $1,121 per month, for a 2-bedroom apartment, $1,483 per month, and a 3-bedroom apartment is $1,872 per month.
The average rent in Walled Lake is 28.8% ($511) lower than the national average of $1,775 per month.
The average rent in Walled Lake has increased by 12.2% ($137) in the last month and decreased by 15.5% ($232) over the past year.
The rental market in Walled Lake, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Walled Lake, MI, the average rental stays on the market for approximately 33 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 13 rental properties available in Walled Lake, MI.
Based on the current averages, a household would need an annual income of $59,320 to comfortably afford a 2-bedroom apartment in Walled Lake.
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