Rent by ZIP · Oakland County
Rent in Waterford, MI 48328
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,300 (-3.7% vs FY2026). Renters in this ZIP code pay a median $1,102 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $930 | $970 | -4.1% | $837–1,023 | $781 ±$382 |
| 1 bedroom | $1,040 | $1,070 | -2.8% | $936–1,144 | $929 ±$78 |
| 2 bedrooms | $1,300 | $1,350 | -3.7% | $1,170–1,430 | $1,174 ±$59 |
| 3 bedrooms | $1,580 | $1,650 | -4.2% | $1,422–1,738 | $1,438 ±$88 |
| 4 bedrooms | $1,720 | $1,790 | -3.9% | $1,548–1,892 | $2,119 ±$1,089 |
Small Area FMRs for the Detroit-Warren-Livonia, MI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Detroit-Warren-Livonia, MI HUD Metro FMR Area, 2 bedrooms: $1,459.
What renters pay in 48328
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 48327 | Waterford | $1,310 | $1,159 |
| 48329 | Waterford | $1,650 | $1,543 |
| 48326 | Auburn Hills | $1,730 | $1,473 |
| 48331 | Farmington | $2,180 | $1,876 |
| 48324 | West Bloomfield | $1,810 | $1,485 |
| 48323 | West Bloomfield | $2,040 | $1,151 |
Fair Market Rents across Oakland County, MI · All MI counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.