Walled Lake, MI Rental Market Trends
Last updated: November 22, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Walled Lake is $1,248, a 3.84% decrease compared to the previous year, when the average rent was $1,298.
One-bedroom apartments provide 739 square feet for $1,160, balancing privacy and affordability.
Two-beedroom units at $1,276 offer 1,091 square feet, perfect for roommates or small families.
Average rent in Walled Lake, MI
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,248 | 1,028 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,160 | 739 sq. ft. |
| 2 Beds | $1,276 | 1,091 sq. ft. |
| 3 Beds | n/a | n/a |
Walled Lake, MI rent trends
Rental prices in Walled Lake, MI have decreased by 3.84% over the past year. The average rent moved from $1,298 to $1,248.
What's the typical rent budget in Walled Lake, MI?
The largest share of rentals in Walled Lake, MI (75%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Walled Lake, MI?
1,366 or 40% of the households in Walled Lake, MI are renter-occupied while 2,088 or 60% are owner-occupied.
How Walled Lake Compares to Other Cities
| City | Average Rent |
|---|---|
| Detroit | $1,316 |
| Ann Arbor | $2,010 |
| Grand Rapids | $1,564 |
| Lansing | $1,229 |
| East Lansing | $1,751 |
| Kalamazoo | $1,322 |
| Southfield | $1,384 |
| Ypsilanti | $1,271 |
| Farmington Hills | $1,473 |
| Westland | $1,164 |
| Troy | $1,563 |
| Royal Oak | $1,501 |
| Novi | $1,672 |
| Pontiac, MI | $1,199 |
| Livonia, MI | $1,431 |
| Auburn Hills, MI | $1,571 |
| Ferndale, MI | $2,155 |
| Rochester Hills, MI | $1,693 |
| Madison Heights, MI | $1,262 |
| Oak Park, MI | $1,247 |
| Walled Lake | $1,248 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Walled Lake apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.