Rent in Lake Orion, MI
Across Lake Orion's 4 ZIP codes, a 2-bedroom typically rents for about $1,559 a month, with figures from $1,168–$1,699. The highest typical rent is in 48359 ($1,665) and the lowest in 48362 ($1,264). Owner-occupied homes in Oakland County pay about 1.27% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,170 | $980–$1,325 | 4 |
| 1 bed | $1,234 | $863–$1,300 | 4 |
| 2 beds | $1,559 | $1,168–$1,699 | 4 |
| 3 beds | $1,920 | $1,582–$1,980 | 4 |
| 4 beds | $2,150 | $1,800–$2,207 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Lake Orion ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lake Orion, MI?
- About $1,559 a month: the median of the typical rents in 4 ZIP codes, which range from $1,168–$1,699. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lake Orion, MI?
- About $1,234 a month: the median of the typical rents in 4 ZIP codes, which range from $863–$1,300. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lake Orion, MI?
- About $1,920 a month: the median of the typical rents in 4 ZIP codes, which range from $1,582–$1,980. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lake Orion, MI?
- About $1,170 a month: the median of the typical rents in 4 ZIP codes, which range from $980–$1,325. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lake Orion, MI?
- About $2,150 a month: the median of the typical rents in 4 ZIP codes, which range from $1,800–$2,207. Figures are gross rent (rent plus tenant-paid utilities).
- Which Lake Orion ZIP code has the highest rent?
- For a 2-bedroom, 48359 has the highest typical rent at $1,665 a month, and 48362 the lowest at $1,264.
- What is the property tax rate in Lake Orion, MI?
- Owner-occupied homes in Oakland County pay a typical 1.27% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Lake Orion rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).