Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Lake Fenton, MI Rental Market Trends
What is the average rent in Lake Fenton?
The average rent for an apartment in Lake Fenton is $1,134, a 14% increase compared to the previous year, when the average rent was $994.
Average Rent in Lake Fenton, MI
Last updated July 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,134 | 14% | 1,020 sq. ft. |
What is the average apartment size in Lake Fenton?
The average size for a Lake Fenton, MI apartment is 1,020 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lake Fenton, MI Apartment Rent Ranges
Lake Fenton, MI Occupied Housing Units
721 or 32% of the households in Lake Fenton, MI are renter-occupied while 1,475 or 67% are owner-occupied.
Lake Fenton, MI Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lake Fenton, MI | $873 | $922 | $958 | $928 | $986 | $974 | $994 | $999 | $1,084 | $1,134 |
| National | $1,348 | $1,357 | $1,362 | $1,394 | $1,401 | $1,403 | $1,394 | $1,397 | $1,404 | $1,482 |
/
How Lake Fenton Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,193 | 8% |
| Detroit | $1,115 | 3% |
| East Lansing | $1,326 | 3% |
| Lansing | $943 | 8% |
| Ann Arbor | $1,671 | 4% |
| Southfield | $1,134 | 6% |
| Farmington Hills | $1,242 | 7% |
| Pontiac | $897 | 5% |
| Royal Oak | $1,198 | 7% |
| Sterling Heights | $1,026 | 8% |
| Lake Fenton | $1,134 | 14% |
Most Popular Apartments in Lake Fenton
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lake Fenton apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.