Lapeer, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lapeer, Michigan rental market.
Lapeer, Michigan
Average Apartment Rent
$1,137
Y-o-Y Change in Average
Apartment Rent
3.5%
As of March 2026
Compared to a year ago, Lapeer, Michigan apartments have recorded a 3.5% rent increase.
Lapeer, Michigan Average apartment rent trend
Lapeer, Michigan Average Apartment Rent
Lapeer, Michigan Apartment rent ranges
At 78.55%, apartments priced $1,000 - $1,500 represent the bulk of Lapeer, Michigan rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.41%.
Lapeer, Michigan Housing tenure**
Renters take up 50% of Lapeer, Michigan real estate, occupying a total of 1,825 units, while homeowners live in 1,827 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$29,271
Average household size of renter-occupied housing units**
1.8
Rental vacancy rate**
3.9%
Lapeer, Michigan Renter-occupied housing units by no. of bedrooms**
There are 817 rentals in Lapeer, Michigan with 2 beds making up the highest share of the market, at 45%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 36 units. Overall, the median number of rooms in Lapeer, Michigan homes for rent is 4.
Lapeer, Michigan Renter-occupied units by age of householder**
Most condos for rent in Lapeer, Michigan are occupied by residents in the 60 - 64 years age group (21%), followed by those in the 65 - 74 years age group (15%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Lapeer, Michigan Renter-occupied housing units by family type**
Lapeer, Michigan Renter-occupied housing units by the presence of own children**
A total of 693 apartments for rent in Lapeer, Michigan, or 38% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 330 units. All in all, the median size of a renter-occupied household in Lapeer, Michigan is 1.8.
Lapeer, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 7% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Lapeer, Michigan.
Lapeer, Michigan Renter-occupied units by year structure built**
The highest share of Lapeer, Michigan apartment rentals, namely 32% or 593 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (20%, 368 units), and the ones Built 1960 - 1969 (17%, 302 units).
Lapeer, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lapeer, Michigan renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lapeer, Michigan condos for rent is 2018.
Lapeer, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Lapeer, Michigan renters have 1 vehicle available per household, 23% of them have No vehicle available, and 17% have 2 vehicles available.
Lapeer, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Lapeer, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lapeer, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
