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.
Orchard Lake Village, MI Rental Market Trends
What is the average rent in Orchard Lake Village?
The average rent for an apartment in Orchard Lake Village is $982, a 4% increase compared to the previous year, when the average rent was $941.
Average Rent in Orchard Lake Village, MI
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $982 | 4% | 911 sq. ft. |
What is the average apartment size in Orchard Lake Village?
The average size for a Orchard Lake Village, MI apartment is 911 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.
Orchard Lake Village, MI Apartment Rent Ranges
- $701-$1,00062%
- $1,001-$1,50038%
Orchard Lake Village, MI Occupied Housing Units
- Renter-occupied Households17%
- Owner-occupied Households82%
153 or 17% of the households in Orchard Lake Village, MI are renter-occupied while 735 or 82% are owner-occupied.
Orchard Lake Village, MI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Orchard Lake Village, MI | $882 | $882 | $893 | $911 | $910 | $926 | $941 | $940 | $935 | $982 |
| National | $1,317 | $1,348 | $1,357 | $1,361 | $1,393 | $1,400 | $1,401 | $1,391 | $1,393 | $1,399 |
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How Orchard Lake Village Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,140 | 4% |
| East Lansing | $1,299 | n/a |
| Ann Arbor | $1,595 | 1% |
| Detroit | $1,105 | 3% |
| Lansing | $906 | 3% |
| Southfield | $1,103 | 1% |
| Farmington Hills | $1,187 | 1% |
| Pontiac | $894 | 7% |
| Royal Oak | $1,150 | 11% |
| Canton | $1,219 | 7% |
| Orchard Lake Village | $982 | 4% |
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 Orchard Lake Village 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.