Known as the "lakefront community" of Oakland County, Waterford Township boasts 34 named lakes within its borders, offering renters exceptional water recreation opportunities. This historic area once served as a popular summer resort destination for vacationers from Detroit and Lansing, accessible by train in the late 1800s. Today, Waterford combines its natural water features with suburban convenience, where residents can paddle board on Loon Lake in the morning and shop at Summit Place Crossing in the afternoon.

Rental options in Waterford include boutique apartment communities, townhomes, and single-family homes, many with lake views or water access. The township spans 35.3 square miles with distinct neighborhoods like Waterford Village, an historic area near Dixie Highway and Andersonville Road, and Drayton Plains along Dixie Highway at Loon Lake. The area features extensive waterfront parks, including Pontiac Lake Recreation Area and Elizabeth Lake Woods Park. The average rent for a one-bedroom apartment is approximately $1,003, with two-bedroom options averaging $1,215.

Located about 30 miles northwest of downtown Detroit, Waterford provides convenient access to major employment centers. The township is home to Oakland County International Airport and has easy access to major roadways including M-59 and US-24. The Oakland Community College Highland Lakes Campus provides educational opportunities within the township. With its mature tree-lined neighborhoods, lakefront properties, and extensive network of parks and water features, Waterford offers a distinctive blend of natural beauty and suburban amenities.