Last updated
Average Rent in Elizabeth Lake & Rent Trends
Rent prices and market trends across 1 apartment community in Elizabeth Lake, Auburn Hills, MI. Updated daily.
Market Average
$1,130/mo
Lowest Available
$872/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
4
available now
Elizabeth Lake vs Auburn Hills, MI Average
Elizabeth Lake is cheaper the Auburn Hills, MI average by $1,395/mo (55%). The citywide average is $2,525/mo across all neighborhoods.
Is Rent Going Up or Down in Elizabeth Lake?
As of July 2026, the average rent in Elizabeth Lake is $1,130 per month across 1 apartment community and 4 available units.
The most affordable option is Rivers Edge Apartments starting at $872/mo. By unit type, a studio averages $872/mo, a 1-bedroom averages $896/mo, a 2-bedroom averages $1,377/mo.
Prices range from $872 to $1,654 per month. The most common price point is the $800 range, where 2 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Elizabeth Lake
Rent Prices by Apartment in Elizabeth Lake
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Rivers Edge Apartments | $872/mo | $1,130/mo | 4 | 4.3 |
Google Search Trends for Elizabeth Lake Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Elizabeth Lake
What is the average rent in Elizabeth Lake?
Is rent going up or down in Elizabeth Lake?
What is the cheapest apartment in Elizabeth Lake?
How much is a 1-bedroom apartment in Elizabeth Lake?
How many apartments are available in Elizabeth Lake?
What salary do I need to live comfortably in Elizabeth Lake?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$45,000/year
Based on the 30 percent rule, using our tracked average rent of $1,130/mo.
Comfortable income
$54,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($872/mo), you need to earn at least $35,000/year.
Median household income in Elizabeth Lake is $78,727 , about 45% above the comfortable-living threshold.
Cost of living in Elizabeth Lake
Overall prices in Elizabeth Lake runs below the national average by about 2% (BEA Regional Price Parity index 98.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Elizabeth Lake's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,130 |
| Utilities | $400 |
| Groceries | $529 |
| Transportation | $954 |
| Healthcare | $466 |
| Other goods and services | $745 |
| Estimated total | $4,224/mo |
Population
24,911
Median household income
$78,727
Census median rent
$1,411/mo
Rent as % of income
26.0%
Median age
36.2
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Elizabeth Lake Apartments
Browse all 1 communities with daily-updated pricing and availability.