Rent by ZIP · Oakland County
Rent in Waterford, MI 48329
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,650 (-4.1% vs FY2026). Renters in this ZIP code pay a median $1,184 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,180 | $1,230 | -4.1% | $1,062–1,298 | – |
| 1 bedroom | $1,320 | $1,370 | -3.6% | $1,188–1,452 | $837 ±$217 |
| 2 bedrooms | $1,650 | $1,720 | -4.1% | $1,485–1,815 | $1,543 ±$318 |
| 3 bedrooms | $2,010 | $2,100 | -4.3% | $1,809–2,211 | $1,573 ±$232 |
| 4 bedrooms | $2,180 | $2,280 | -4.4% | $1,962–2,398 | – |
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 48329
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 |
|---|---|---|---|
| 48328 | Waterford | $1,300 | $1,174 |
| 48327 | Waterford | $1,310 | $1,159 |
| 48331 | Farmington | $2,180 | $1,876 |
| 48326 | Auburn Hills | $1,730 | $1,473 |
| 48324 | West Bloomfield | $1,810 | $1,485 |
| 48334 | Farmington | $1,910 | $1,720 |
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.