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Homes & Apartments for Rent in Waterford, MI

1-12 of 12 rentals

Apartment for rent at 5689 Cooley Village Rd, Waterford, MI 48327

1 / 10

Updated - today

Managed by MTH Management

$1,150 - $1,250

Apartment2 Beds1-1.5 Baths1,100 ft²

5689 Cooley Village Rd

Waterford, MI 48327

Welcome to Forest View Apartments (Forest View Waterford Llc), presented by Mth Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Air Conditioning, Washer and Dryer Hook Up, Balconies, Dishwasher, Garbage Disposal, Oven, Range, Refrigerator, Smoke Free, Wheelchair Accessible (Rooms) & Water Sewer Trash.

1 / 10

Featured

Managed by Copper Bay Company

$2,595

House4 Beds3 Baths1,640 ft²

2216 Macatawa Lane

Waterford, MI 48327

Move In Special: Get August & September Rent Free. Move in by August 15th to receive Free rent for both August and September. Take advantage of this limited-time offer. Built with the Integrity 1640 floor plan, this 1,636-square-foot home offers a thoughtfully designed layout in Waterford's exclusive Park Ridge rental community. Defining the perfect blend of everyday suburban living and vibrant lake life, the town boasts 34 local lakes, with both Pontiac Lake and Williams Lake located nearby. The exterior features an attached two-car garage equipped with an automatic opener, providing convenient access directly into the heart of the home.

Apartment for rent at 3325 Watkins Lake Rd, Waterford, MI 48328

1 / 10

Updated - today

Managed by Heritage Park East

$935 - $1,135

Apartment1 Bed1 Bath850 ft²

3325 Watkins Lake Rd

Waterford, MI 48328

Our floor plans consist of spacious 1 & 2-Bedroom Apartments. Our community features a picturesque setting, tree-lined streets and beautifully landscaped grounds. We are a pet friendly community (restrictions apply). We're located only minutes from freeway access, local shopping, dining and entertainment. Visit Heritage Park Apartments - We'd be happy to schedule you a tour of our community. Swimming Pool, Clubhouse, Swimming Pool with Sundeck, Beautiful Landscaped Grounds & Picnic Area. Pet Friendly.

Apartment for rent at 4080 Joyce Ave, Waterford, MI 48329

1 / 3

Updated - 3 days ago

Managed by Elly Meisler

$1,400

Apartment2 Beds1 Bath900 ft²

4080 Joyce Ave

Waterford, MI 48329

Live In Custom Built Luxury Residence In Beautiful Lake Country. Gorgeous, spacious 2 bedrooms 1 bath 2ND Floor, Luxury Flat in a Waterford Duplex. Great location on a Quiet, Dead End, Street. Walking distance from Walton. Short drive to Dixie. Adjacent To Mason Middle School. Walking Distance To Grayson Elementary. This home features Lots of Natural Light. Spacious living room. Hardwood floors throughout. Central A/C. Custom Designed, eat-in Big, Big kitchen, fits table and chairs. Awesome custom designed Granite counter. Kitchen equipped appliances, stove, fridge, dishwasher and garbage disposal. Custom Designed backsplash handmade tile.

House for rent at 2401 Richardson Court, Waterford, MI 48327

1 / 10

Featured

Managed by Copper Bay Company

$2,795

House4 Beds2.5 Baths1,835 ft²

2401 Richardson Court

Waterford, MI 48327

This home is built according to the Integrity 1835 floor plan and is 1,833 square feet located in Waterford's exclusive Park Ridge rental community. Defining the perfect blend of everyday suburban living and vibrant lake life, the town boasts 34 local lakes, with both Pontiac Lake and Williams Lake located nearby. As you enter the home you enter the two-car garage, perfect for Michigan winters. As one enters the home you enter a mudroom, that leads into the open concept kitchen, nook and great room.

1 / 10

Featured

Managed by Copper Bay Company

$2,795

House4 Beds2.5 Baths1,640 ft²

2385 Richardson Court

Waterford, MI 48327

Move In Special: Get August & September Rent Free. Move in by August 15th to receive Free rent for both August and September. Take advantage of this limited-time offer. Built according to the Integrity 1640 floor plan, this 1,636-square-foot home is in the Park Ridge Community, an exclusive Copper Bay rental community in Waterford, Michigan. Blending everyday suburban living with nearby lake access, the town boast 34 local lakes, with both Pontiac Lake and Williams Lake located nearby.

Apartment for rent at 4144 Airport Rd, Waterford, MI 48329

1 / 10

Updated - today

Managed by MTH Management

$850 - $1,000

Apartment1 Bed1 Bath725 ft²

4144 Airport Rd

Waterford, MI 48329

Welcome to Airport Apartments (dcp Venture 3 Llc), presented by Mth Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Trash, Stove, Refrigerator, Parking, on site laundry, Front and Back entry, Water Sewer Trash, Back Patio, on Site Laundry, Private Entry & Lots of storage space.

1 / 10

Updated - this week

Managed by Alvara Property Management

$3,204

House3 Beds3 Baths3,335 ft²

2685 Diane Marie Court

Waterford, MI 48329

Tucked away on a highly desirable, quiet cul-de-sac in Waterford Township, this beautiful 3-bedroom, 2.5-bathroom property offers the perfect layout for comfortable modern living and effortless entertaining. Main Level Highlights: Step into an inviting open-concept layout featuring a spacious living room bathed in natural light and a beautiful fireplace. The fully equipped kitchen comes complete with all major appliances included (refrigerator, stove/oven) alongside plenty of cabinetry and counter space. A convenient main floor half-bath serves your guests perfectly. Bedrooms & Upper Level: The upper floor hosts three generously sized bedrooms with excellent closet space, including a lovely primary suite.

Apartment for rent at 3170 Dixie Highway E, Waterford, MI 48328

1 / 10

Updated - 3 days ago

Managed by JMZ Management

$1,400

Apartment1 Bed1 Bath1,300 ft²

3170 Dixie Highway E

Waterford, MI 48328

Welcome to 3170 Dixie HWY - Apt E in Waterford, MI. Enjoy a functional layout with bright living spaces and a convenient location near shopping, dining, entertainment and major roadways. Whether you're relaxing at home or heading out for the day, this location provides easy access to everything Waterford has to offer. Applicants must demonstrate gross monthly income of at least 2.5 times the monthly rent and meet minimum credit and background screening requirements. Prior evictions will not be accepted. All showings must be accompanied by a licensed real estate agent.

House for rent at 2309 Richardson Court, Waterford, MI 48327

1 / 10

Featured

Managed by Copper Bay Company

$2,795

House4 Beds2.5 Baths1,835 ft²

2309 Richardson Court

Waterford, MI 48327

Enjoy the perks of a brand new single-family home, in this newly completed neighborhood without the hassle of homeownership. This large yard will be newly landscaped in the spring, providing you space to entertain and create memories that last a lifetime. The included 2 car garage provides room to keep your car warm and ice-free in the winter so your loved ones get a toasty warm ride on the most frigid day. An included washer and dryer saves time and energy from driving to the laundromat allowing you to simply kick back in your favorite chair and relax.

1 / 10

New - 3 days ago

Managed by Real Property Management Metro Detroit

$2,125

House3 Beds1.5 Baths1,585 ft²

6994 York St

Waterford, MI 48327

Available Now - Schedule your tour today and see everything this 3-bedroom single-family home in Waterford, Michigan has to offer. The home features a large living room, a formal dining room and a large eat-in kitchen. A family room opens directly to the patio, providing additional living space and easy access to the backyard. Additional features include a huge fenced backyard, a two-car attached garage, a convenient first-floor half bath, a primary bedroom with two closets that connects to the bathroom and a partially finished basement. $60 Application Fee per Adult.

House for rent at 4500 Island Park Dr, Waterford, MI 48329

1 / 11

Featured

Managed by Elementary Property Management

$3,500

House5 Beds2 Baths2,200 ft²

4500 Island Park Dr

Waterford, MI 48329

Introducing a stunning 5-bedroom, 2-bathroom waterfront home on Woodhull Lake in Waterford Township. Spanning 2,226 sqft, this residence offers a spacious open-concept layout with abundant natural light. The chef's kitchen features top-of-the-line appliances and a breakfast bar. The highlight of the property is it's picturesque location on Woodhull Lake, offering direct access to boating and fishing. Enjoy captivating views from the patio. Conveniently located near amenities and highways, this lease opportunity is perfect for those seeking an extraordinary living experience in a remarkable setting.

Viewing 1-12 of 12 rentals in Waterford

What to Know About

Life in Waterford & Beyond

Waterford 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

Waterford, MI

As of August 2026, Waterford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterford's average rent is 27.4% ($399) lower than the Michigan average of $1,455 and 41.3% ($744) lower than the U.S. average of $1,800.

Average Rent

$1,056

Monthly ChangeMonth Over Month Change

6.5% ($73)

Yearly ChangeYear Over Year Change

26.5% ($381)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$953	2.6% ($24)	7.4% ($76)
2 Beds	$1,205	0.2% ($2)	13.7% ($191)
3 Beds	$1,707	7.4% ($136)	1.3% ($22)

Nearby Cities	Average Rent	Avg. Rent vs. WaterfordAverage Rent vs. Waterford	Avg. Days on MarketAverage Days on Market
Keego Harbor	$1,629	54.3% ($573)	35 days
Pontiac	$1,319	24.9% ($263)	34 days
Auburn Hills	$1,913	81.2% ($857)	36 days
West Bloomfield	$2,145	103.1% ($1089)	34 days
Clarkston	$1,302	23.3% ($246)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Waterford Rental Market FAQs

Explore rental prices, market trends, and availability in Waterford, MI.

What is the average rent in Waterford, MI?

The average rent in Waterford, MI is $1,056 per month.

What is the rental price range for homes in Waterford, MI?

Homes in Waterford typically rent for between $667 and $2,219 per month, with an average of $1,056 per month.

What is the average rent for different bedroom sizes in Waterford, MI?

In Waterford, the average rent for a 1-bedroom home is $953 per month, for a 2-bedroom home, $1,205 per month, and a 3-bedroom home is $1,707 per month.

How do rent prices in Waterford, MI compare with the national average?

The average rent in Waterford is 41.3% ($744) lower than the national average of $1,800 per month.

How have rent prices in Waterford, MI changed recently?

The average rent in Waterford has decreased by 6.5% ($73) in the last month and decreased by 26.5% ($381) over the past year.

How competitive is the rental market in Waterford, MI?

The rental market in Waterford, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Waterford, MI?

In Waterford, MI, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Waterford, MI?

There are currently 12 rental properties available in Waterford, MI.

Can I afford to rent a home in Waterford, MI?

Based on the current averages, a household would need an annual income of $48,200 to comfortably afford a 2-bedroom home in Waterford.