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Walled Lake, MI rent trends

Rental prices in Walled Lake, MI have decreased by 2.7% over the past year. The average rent moved from $1,297 to $1,262.

Check out the average rent prices in Walled Lake by neighborhood.

Compared to the national average rent of $1,740, the average rent in Walled Lake, MI is $1,262.

Average rent in Walled Lake, MI

$1,262/mo Walled Lake, MI average rental price, February 2026
Image Average Rent

The average monthly rent of apartments in Walled Lake, MI is $1,262.

    What's the typical rent budget in Walled Lake, MI?

    About 17% of apartment rents in Walled Lake, MI range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 5% of apartments. Around 47% of Walled Lake’s apartments are in the $1,001-$1,500 price range. 31% of apartments are priced ≤ $1000.

    The largest share of rentals in Walled Lake, MI (47%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Walled Lake, MI

    70 /100
    Very Walkable
    53 /100
    Bikeable
    Walk Score®: 70, Bike Score®: 53

    Frequently asked questions

    What is the average rent in Walled Lake, MI?

    The average rent in Walled Lake, MI is $1,485.

    What type of rental buildings are in Walled Lake, MI?

    In Walled Lake 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 33% of Walled Lake's apartments are found in large buildings of 50 units or more, 51% are located in smaller apartment complexes with less than 50 units, and 16% are single-family rentals.

    What do typical apartment communities look like in Walled Lake, MI?

    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 Walled Lake are about 33 years old, on average. Of these, 5% 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, 24% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in Walled Lake, MI?

    Rental apartments in Walled Lake come in a range of sizes and floorplans. Studio apartments represent 0.8% 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 37% of the total apartments in the city, while 2-bedroom floorplans represent around 45% of all rentals in Walled Lake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

    Living in Walled Lake, MI

    Walled Lake, Michigan, is a small city located about 20 miles northwest of Detroit. It lies close to major suburban hubs like Novi and Farmington Hills, providing a blend of quiet living with access to larger metropolitan amenities. Major industries in the area include retail, health care, and manufacturing, which draw a diverse workforce to the region.

    The city is named after the notable Walled Lake, the centerpiece of the community and a popular spot for fishing, boating, and scenic walks. Mercer Beach provides public access to the lake and is a favored destination during warmer months. In terms of culture, Walled Lake hosts several community events throughout the year which reflect its rich history and tight-knit community spirit.

    Dining in Walled Lake offers an assortment of cuisines ranging from classic American to Mediterranean and Asian influences. Local favorites like the Uptown Grille provide a mix of casual and upscale dining experiences.

    The Walled Lake School District serves the area with several highly rated schools, making it an appealing location for families looking for educational opportunities.

    Renting in Walled Lake, MI

    The rental market in Walled Lake features a mix of apartment complexes, single-family homes, and townhouses. Architecturally, the area showcases a variety of styles from modern, newly constructed apartments to more traditional, mid-century homes.

    The downtown area is ideal for those who appreciate proximity to local businesses and dining options. For those preferring quieter surroundings, neighborhoods like East Walled Lake drive offer residential settings close to parks and the lake itself. Each area caters to different lifestyles, whether for young professionals or families looking for a community-oriented environment.

    Things for renting

    Shopping in Walled Lake, MI

    Walled Lake's shopping scene includes both local stores and nearby larger shopping centers. Twelve Oaks Mall, located a short drive away in Novi, provides a wide range of retail options from high-end brands to department stores. In Walled Lake itself, small independent shops offer everything from home goods to personal care products.

    For everyday needs, several grocery chains such as Kroger and Aldi serve the community. Unique local retail brands like the Walled Lake Flower Shop add to the city's small-town charm and provide personalized shopping experiences.

    Transportation in Walled Lake, MI

    Public transportation in Walled Lake includes bus services provided by the Suburban Mobility Authority for Regional Transportation (SMART), which connects to nearby cities and attractions. For more direct routes, residents often rely on personal vehicles or ride-sharing services.

    Major highways such as Interstate 96 and the nearby M-5 provide easy access to Detroit and other surrounding areas. The closest airport offering regional and international flights is Detroit Metropolitan Wayne County Airport, located approximately 30 miles southeast of Walled Lake.

    This combination of well-rounded amenities, transportation options, and community-focused living makes Walled Lake an inviting place for renters seeking a balanced lifestyle in Michigan.

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