Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Walled Lake, MI

As of May 2025, Walled Lake's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Walled Lake's average rent is 17.3% ($236) lower than the Michigan average of $1,363 and 37.1% ($666) lower than the U.S. average of $1,793.

Average Rent

$1,127

Monthly ChangeMonth Over Month Change

1.2% ($14)

Yearly ChangeYear Over Year Change

43.7% ($874)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,122	0.4% ($4)	35.7% ($624)
2 Beds	$1,522	2.9% ($43)	31% ($684)
3 Beds	$1,885	0.4% ($8)	35.6% ($1042)

Nearby Cities	Average Rent	Avg. Rent vs. Walled LakeAverage Rent vs. Walled Lake	Avg. Days on MarketAverage Days on Market
Wixom	$1,446	28.3% ($319)	32 days
Novi	$1,753	55.5% ($626)	37 days
West Bloomfield	$1,989	76.5% ($862)	34 days
White Lake	$1,913	69.7% ($786)	37 days
Farmington	$1,155	2.5% ($28)	35 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Walled Lake Rental Market FAQs

Explore rental prices, market trends, and availability in Walled Lake, MI.

What is the average rent in Walled Lake, MI?

The average rent in Walled Lake, MI is $1,127 per month.

What is the rental price range for homes in Walled Lake, MI?

Homes in Walled Lake typically rent for between $785 and $2,451 per month, with an average of $1,127 per month.

What is the average rent for different bedroom sizes in Walled Lake, MI?

In Walled Lake, the average rent for a 1-bedroom home is $1,122 per month, for a 2-bedroom home, $1,522 per month, and a 3-bedroom home is $1,885 per month.

How do rent prices in Walled Lake, MI compare with the national average?

The average rent in Walled Lake is 37.1% ($666) lower than the national average of $1,793 per month.

How have rent prices in Walled Lake, MI changed recently?

The average rent in Walled Lake has decreased by 1.2% ($14) in the last month and decreased by 43.7% ($874) over the past year.

How competitive is the rental market in Walled Lake, MI?

The rental market in Walled Lake, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Walled Lake, MI?

In Walled Lake, MI, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Walled Lake, MI?

There are currently 5 rental properties available in Walled Lake, MI.

Can I afford to rent a home in Walled Lake, MI?

Based on the current averages, a household would need an annual income of $60,880 to comfortably afford a 2-bedroom home in Walled Lake.