North Park Towers
16500 N Park Dr,
Southfield, MI 48075
$1,319 - $2,389
Studio - 3 Beds
Rental Market Trends in Oak Park, MI
What is the average rent in Oak Park, MI?
$1,008/month
Average Rent
691 Sq Ft
Average Apartment Size
-1%
Decrease in the Last Year
Oak Park, MI Rental Market Overview
The average rent in Oak Park, MI is $1,008 per month. This is 39% lower than the national average rent of $1,644/month, making renting in Oak Park more affordable than most cities in the US.
- Studio apartments in Oak Park average $855 per month.
- One-bedroom apartments in Oak Park average $1,008 per month.
- Two-bedroom apartments in Oak Park average $1,341 per month.
- Three-bedroom apartments in Oak Park average $1,768 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Oak Park, MI?
In the past year, rent has decreased by 1%, which averages out to $9 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Oak Park, MI
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
33%
$700 - $1,000/month
47%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Oak Park, MI?
Because the average rent in Oak Park is $1,008, you’ll want to make about $3,360 per month or $40,320 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Oak Park, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Oak Park, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Oak Park we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.