Waterford Apartments and Rentals

Centrally located in Oakland County, Waterford, Michigan, is the fifth largest township in the state. Coined as the “Lakeland Paradise,” Waterford is flourished with 34 lakes for winter and summer excursions for residents and visitors alike. Because of the abundance of natural offerings, Waterford apartments for rent are close to one of the many hiking paths, water parks or golf courses.

In 2006, Waterford was named one of CNN Money’s top places to live in the country. Although it maintains a small town feel, Waterford is home to 70,454 residents, according to Best Places.

Waterford’s history dates back to 1783 when Michigan was part of the Northwest Territory owned by the British. In 1796, the area was officially handed over to the United States, and in 1834 Waterford became a township, which was three years before Michigan became a state. By 1819, Waterford became a functioning town as the first farm settlement was built along the banks of Silver Lake. Because of the beautiful land, abundant game, crystal lakes, pristine forests and great fishing, Waterford was a well-known town.

The historic district of Waterford still preserves the area’s great history, and was placed on the National Register of Historic Places in 1977. The quaint, welcoming atmosphere of the township and serene nature is among the top reasons people find apartments in Waterford. Residents enjoy water sports, like water skiing and wakeboarding during the summer months and ice fishing during the winter.

Due to its proximity to Detroit, Waterford plays a vital role in the automotive industry. Many residents find work at General Motors and Ford Motor Company just outside the city limits. Other top employers include Delphi Automotive Systems, which is a top global supplier of electronics and technology for automotive, commercial vehicles and other systems.

Residents of Waterford can find a great college or university nearby. The Art Institutes and South University in Novi or DeVry University in Southfield are just a few among the many options in the area. Oakland Community College has been a resource for Waterford residents since 1964, and is the largest community college in the state.

Waterford residents enjoy the simple life. According to Best Places, the general cost of living is 7 points lower than the national average, and food is 8 points lower. However, because of the long, cold winter in Waterford, utilities are about 4 points above the national average.

According to statistics from the U.S. Census Bureau, the average cost of rent for an apartment in Waterford, Michigan is $658. Residential areas make up 48 percent of Waterford’s 35.3 square miles as of 2008, and have maintained a steady rate since 2000.

During the year, Waterford has plenty of options that residents take part in, such as free concerts in the park all summer long. Residents gather every October for the Harvest Happening since 1987, a fall-themed community event for the whole family. From face painting to hay rides, young and old enjoy the activities each year. The town welcomes an annual tree lighting ceremony each year as well, which has been going on just as long.

Beyond Waterford’s gorgeous landscape, residents find entertainment at one of the area’s museums, golf courses, race tracks, freshwater fishing lakes and kayak or canoe options. Since Waterford is so close to Detroit, cultural, art, music and historic entertainment can be found less than an hour away. From river boat rides to the Detroit Zoological Park, residents of Waterford have all the amenities at their fingertips.

If you are looking for an apartment for rent or a house rental in Waterford, Mich., search for rental properties at Rent.com®.