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Rental Market Trends in Royal Oak, MI

What is the average rent in Royal Oak, MI?

$1,332/month

Average Rent

712 Sq Ft

Average Apartment Size

+1.9%

Increase in the Last Year

As of October 2025, the average rent in Royal Oak, MI is $1,332 per month. This is 18% lower than the national average rent of $1,630/month, making renting in Royal Oak more affordable than most cities in the US. When you rent an apartment in Royal Oak, you can expect to pay about $1,243 per month for a studio, $1,332 for a one-bedroom apartment, and around $1,691 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,602 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,243/month
454 Sq Ft
One Bedroom
$1,332/month
712 Sq Ft
Two Bedroom
$1,691/month
988 Sq Ft
Three Bedroom
$2,602/month
1,473 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,780/month
940 Sq Ft
Three Bedroom
$2,253/month
1,072 Sq Ft
Four Bedroom
$2,839/month
1,578 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,245/month
1,042 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Royal Oak, MI?

In the past year, rent has increased by 1.9%, which averages out to $26 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Royal Oak?

Based on current rent prices, Forest Heights, Prairie Lawn Acres and Woodwardside are the most affordable neighborhoods in Royal Oak.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Forest Heights
$1,142/month
641 Sq Ft
Prairie Lawn Acres
$1,242/month
658 Sq Ft
Woodwardside
$1,535/month
565 Sq Ft
Lincoln Grove
$2,239/month
881 Sq Ft
Downtown Royal Oak
$2,428/month
800 Sq Ft

What are the most expensive neighborhoods in Royal Oak?

Based on current rent prices, Downtown Royal Oak, Lincoln Grove and Woodwardside are the most expensive neighborhoods in Royal Oak.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Royal Oak
$2,428/month
800 Sq Ft
Lincoln Grove
$2,239/month
881 Sq Ft
Woodwardside
$1,535/month
565 Sq Ft
Prairie Lawn Acres
$1,242/month
658 Sq Ft
Forest Heights
$1,142/month
641 Sq Ft

Which Royal Oak neighborhoods have the most rentals available?

The neighborhoods in Royal Oak with the most apartments available are Downtown Royal Oak, Lincoln Grove and Prairie Lawn Acres .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Royal Oak
$2,428/month
800 Sq Ft
Lincoln Grove
$2,239/month
881 Sq Ft
Prairie Lawn Acres
$1,242/month
658 Sq Ft
Woodwardside
$1,535/month
565 Sq Ft
Forest Heights
$1,142/month
641 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Royal Oak, MI?

Because the average rent in Royal Oak is $1,332, you’ll want to make about $4,440 per month or $53,280 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.

City

Royal Oak, MI

970 Available Apartments for Rent

Search for Nearby Apartments

How does Royal Oak, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Royal Oak, 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.

Explore the Area Guide for Royal Oak, MI

Apartment Averages

Forest Heights

Royal Oak, MI

Downtown Royal Oak

Royal Oak, MI

Studio
-
$1,649/month
One Bedroom
-
$2,460/month
Two Bedroom
-
$3,336/month
Three Bedroom
-
$4,125/month
Search
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Nearby City Rent Trends

  • Berkley Average Rent
  • Clawson Average Rent
  • Madison Heights Average Rent
  • Oak Park Average Rent
  • Ferndale Average Rent
  • Birmingham Average Rent

Apartment communities in Royal Oak we think you'll love

The Harrison

The Harrison

1210 Morse Ave,
Royal Oak, MI 48067

$2,355 - $3,750

1-3 Beds

The Park on 13 Apartments - Royal Oak, MI

The Park on 13 Apartments - Royal Oak, MI

3009 W 13 Mile Rd,
Royal Oak, MI 48073

$1,419 - $1,749

1-2 Beds

Birmingham Pointe

Birmingham Pointe

707 S Worth St,
Birmingham, MI 48009

$3,700 - $13,000

1-3 Beds

Flats at Iron Ridge

Flats at Iron Ridge

3351 Bermuda St,
Ferndale, MI 48220

$1,795 - $3,684

1-3 Beds

Property Management Companies in Royal Oak, MI

Amber Properties
Amber Properties
  • 15

    Communities

  • 770

    Units

  • 3

    Cities

11 Communities in Royal Oak
Modli Management
Modli Management
  • 11

    Communities

  • 419

    Units

  • 5

    Cities

6 Communities in Royal Oak
Kaftan Communities
Kaftan Communities
  • 15

    Communities

  • 1,800

    Units

  • 11

    Cities

4 Communities in Royal Oak
Trowbridge Companies
Trowbridge Companies
  • 17

    Communities

  • 2,152

    Units

  • 9

    Cities

4 Communities in Royal Oak
BEZTAK Properties
BEZTAK Properties
  • 98

    Communities

  • 23,945

    Units

  • 56

    Cities

3 Communities in Royal Oak
LR Management
LR Management
  • 62

    Communities

  • 14,136

    Units

  • 38

    Cities

3 Communities in Royal Oak
MTH Management
MTH Management
  • 63

    Communities

  • 3,091

    Units

  • 36

    Cities

3 Communities in Royal Oak
Friedman Real Estate
Friedman Real Estate
  • 45

    Communities

  • 11,200

    Units

  • 30

    Cities

3 Communities in Royal Oak

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United States Michigan Royal Oak Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity