Rent in Waterford, MI
Across Waterford's 3 ZIP codes, a 2-bedroom typically rents for about $1,237 a month, with figures from $1,159–$1,650. The highest typical rent is in 48329 ($1,597) and the lowest in 48327 ($1,235). 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 | $1,027 | $781–$1,180 | 3 |
| 1 bed | $1,037 | $837–$1,320 | 3 |
| 2 beds | $1,237 | $1,159–$1,650 | 3 |
| 3 beds | $1,704 | $1,438–$2,010 | 3 |
| 4 beds | $1,720 | $1,151–$2,180 | 3 |
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).
Waterford ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Waterford, MI?
- About $1,237 a month: the median of the typical rents in 3 ZIP codes, which range from $1,159–$1,650. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Waterford, MI?
- About $1,037 a month: the median of the typical rents in 3 ZIP codes, which range from $837–$1,320. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Waterford, MI?
- About $1,704 a month: the median of the typical rents in 3 ZIP codes, which range from $1,438–$2,010. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Waterford, MI?
- About $1,027 a month: the median of the typical rents in 3 ZIP codes, which range from $781–$1,180. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Waterford, MI?
- About $1,720 a month: the median of the typical rents in 3 ZIP codes, which range from $1,151–$2,180. Figures are gross rent (rent plus tenant-paid utilities).
- Which Waterford ZIP code has the highest rent?
- For a 2-bedroom, 48329 has the highest typical rent at $1,597 a month, and 48327 the lowest at $1,235.
- What is the property tax rate in Waterford, 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 Waterford 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).