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The average rent in Lake Fenton, MI is $1,330.

In Lake Fenton 13% of the housing is rented out compared to 87% of homes are owned, according to the most recent Census Bureau estimates. 3% of Lake Fenton's apartments are found in large buildings of 50 units or more, 80% are located in smaller apartment complexes with less than 50 units, and 7% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Fenton are about 32 years old, on average. Of these, 34% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Lake Fenton come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 25% of the total apartments in the city, while 2-bedroom floorplans represent around 72% of all rentals in Lake Fenton. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.