Wolverine Lake renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Wolverine Lake is about $1,178 per month. This puts it in the 93rd percentile compared to the state average cost of rent, which is $1,036. Households in Wolverine Lake have a median income of $8,158 per month so the average renter in Wolverine Lake is spending roughly 14% of their earnings on housing.
Nationally, and in Wolverine Lake, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wolverine Lake is $281,271 right now, which is lower than nearby cities, meaning that rents in Wolverine Lake also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Wolverine Lake while lower rent rates are often available in eastern areas.
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