Rents are 5% below what Waterford's 10-year trend predicts — a better deal than its own history suggests.
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Waterford is 0.9% below its high of $1,335 in May 2026, at $1,323 as of September 2026.
Rent in Waterford changed +3.4% over the year to September 2026. Across the 79 Michigan cities Zillow tracks, the typical change was +4.1%.
Rent has fallen 4 months in a row, and rose in 5 of the last 12 months.
Grand Blanc, 19 miles away, rents for 18% less ($1,079/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Waterford.
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How Waterford, MI has changed in 5 years
Compared with 2023, rent in Waterford, MI has climbed by $150 per month, settling near $1,323 after starting the period at $1,173. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Waterford, MI market of 2023.
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Can you afford rent in Waterford on your salary?
At $1,323/mo, how Waterford rent compares to typical pay (30% rule).
Tips for renters in Waterford
Last updated: October 17, 2026
The median rent in Waterford is $1,323/mo as of October 2026.
At 22% of estimated US median household income ($72,000/yr), Waterford ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.
Frequently asked questions
How much income do you need to rent in Waterford?
Is rent going up or down in Waterford?
How does Waterford rent compare to other cities in Michigan?
At $1,323/mo, rent takes ~22% of US median household income ($72,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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