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Rental market trends in Lake Orion, MI
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Average Apartment Cost in Lake Orion, MI
The average rent for apartments in Lake Orion, MI, is between $995 and $2,430 in 2024. For a studio apartment in Lake Orion, MI, the average rent is $995. When it comes to 1-bedroom apartments, the average rent in Lake Orion, MI, is $1,000. For a 2-bedroom apartment, the average rent is $2,430.
Apartment Rent Ranges in Lake Orion, MI
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 0% | 0% | 0% | 100% |
How Other Cities Compare to Lake Orion, MI
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Royal Oak | $1,975 | -- |
| Warren | $1,911 | +52% |
| Ferndale | $1,897 | -- |
| Novi | $1,889 | +31% |
| Farmington Hills | $1,789 | +30% |
| Auburn Hills | $1,722 | +17% |
| Ann Arbor | $1,671 | +5% |
| Troy | $1,462 | -10% |
| Dearborn | $1,375 | -28% |
| Rochester Hills | $1,362 | 0% |
| Canton | $1,275 | -45% |
| Detroit | $1,255 | +36% |
| Madison Heights | $1,250 | -7% |
| Westland | $1,250 | +59% |
| Southfield | $919 | +2% |
| Sterling Heights | $900 | +1% |
| Flint | $890 | +32% |
| Ypsilanti | $775 | -- |
| Grand Blanc | $717 | +3% |
| Clinton Township | $585 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Ann Arbor | $1,927 | +6% |
| Troy | $1,820 | +25% |
| Ferndale | $1,815 | +92% |
| Detroit | $1,675 | +29% |
| Rochester Hills | $1,581 | -5% |
| Auburn Hills | $1,519 | -6% |
| Novi | $1,516 | +13% |
| Royal Oak | $1,430 | +10% |
| Dearborn | $1,412 | +2% |
| Canton | $1,390 | -2% |
| Farmington Hills | $1,320 | +6% |
| Farmington | $1,288 | -- |
| Sterling Heights | $1,177 | -2% |
| Livonia | $1,172 | +7% |
| Southfield | $1,157 | +7% |
| Howell | $1,127 | 0% |
| Clinton Township | $1,100 | 0% |
| Ypsilanti | $1,095 | +11% |
| Fenton | $1,075 | +2% |
| Madison Heights | $1,012 | +3% |
| Westland | $1,009 | +7% |
| Grand Blanc | $966 | -5% |
| Warren | $937 | -1% |
| Flint | $912 | +31% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Ferndale | $2,227 | +60% |
| Troy | $2,219 | +17% |
| Detroit | $2,180 | +41% |
| Ann Arbor | $2,037 | -1% |
| Novi | $1,940 | +15% |
| Rochester Hills | $1,884 | +8% |
| Auburn Hills | $1,727 | -14% |
| Canton | $1,727 | +5% |
| Dearborn | $1,642 | +15% |
| Sterling Heights | $1,610 | 0% |
| Farmington Hills | $1,610 | 0% |
| Royal Oak | $1,510 | +17% |
| Farmington | $1,491 | -- |
| Southfield | $1,485 | +21% |
| Clinton Township | $1,442 | -4% |
| Howell | $1,378 | -5% |
| Livonia | $1,377 | -1% |
| Madison Heights | $1,290 | +13% |
| Fenton | $1,281 | +2% |
| Ypsilanti | $1,279 | +14% |
| Westland | $1,216 | +2% |
| Grand Blanc | $1,183 | -4% |
| Warren | $1,090 | +8% |
| Flint | $961 | +15% |
Lake Orion, MI Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 |
| $995 | $995 | $995 | $995 | $995 | $995 | $995 | $995 | $995 | $995 | $995 | $995 | $995 |
| $953 | $939 | $1053 | $1116 | $1137 | $1133 | $1182 | $1170 | $1156 | $1143 | $1150 | $1000 | $991 |
| $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 | $1785 |
| $2325 | $2325 | $2325 | $2325 | $2325 | $2325 | $2512 | $2512 | $2512 | $2512 | $2512 | $2610 | $2610 |
