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Rental Market Trends in Royal Oak, MI

What is the average rent in Royal Oak, MI?

$1,357/month

Average Rent

711 Sq Ft

Average Apartment Size

+3%

Increase in the Last Year

As of January 2026, the average rent in Royal Oak, MI is $1,357 per month. This is 16% lower than the national average rent of $1,624/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 $1,246 per month for a studio, $1,357 for a one-bedroom apartment, and around $1,676 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,515 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,246/month
453 Sq Ft
One Bedroom
$1,357/month
711 Sq Ft
Two Bedroom
$1,676/month
988 Sq Ft
Three Bedroom
$2,515/month
1,473 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,710/month
865 Sq Ft
Three Bedroom
$2,270/month
1,130 Sq Ft
Four Bedroom
$2,616/month
1,547 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,395/month
648 Sq Ft
Two Bedroom
$2,356/month
1,178 Sq Ft
Three Bedroom
$2,461/month
1,291 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 3%, which averages out to $41 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 January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Royal Oak, MI
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Royal Oak, MI
Percentage*
Rent Range
3% Below $700/month
20% $700 - $1,000/month
52% $1,001 - $1,500/month
16% $1,501 - $2,000/month
9% Above $2,000/month

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, Starr Acres, Forest Heights and Woodwardside are the most affordable neighborhoods in Royal Oak.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Starr Acres
$1,132/month
660 Sq Ft
Forest Heights
$1,159/month
654 Sq Ft
Woodwardside
$1,464/month
567 Sq Ft
Lincoln Grove
$2,238/month
847 Sq Ft
Downtown Royal Oak
$2,452/month
813 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
$2,452/month
813 Sq Ft
Lincoln Grove
$2,238/month
847 Sq Ft
Woodwardside
$1,464/month
567 Sq Ft
Forest Heights
$1,159/month
654 Sq Ft
Starr Acres
$1,132/month
660 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, Starr Acres and Woodwardside .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Royal Oak
$2,452/month
813 Sq Ft
Starr Acres
$1,132/month
660 Sq Ft
Woodwardside
$1,464/month
567 Sq Ft
Lincoln Grove
$2,238/month
847 Sq Ft
Forest Heights
$1,159/month
654 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 $1,357, you’ll want to make about $4,523 per month or $54,276 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

940 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

Starr Acres

Royal Oak, MI

Downtown Royal Oak

Royal Oak, MI

Studio
-
$1,662/month
One Bedroom
-
$2,523/month
Two Bedroom
-
$3,288/month
Three Bedroom
-
$4,123/month
Search
Search

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 - $3,650

1-3 Beds

The Griffin Royal Oak

The Griffin Royal Oak

25090 Woodward Ave,
Royal Oak, MI 48067

$1,962 - $4,229

Studio - 3 Beds

Birmingham Pointe

Birmingham Pointe

707 S Worth St,
Birmingham, MI 48009

$3,800 - $13,000

1-3 Beds

The Roy

The Roy

1196 S Washington Ave,
Royal Oak, MI 48067

$1,890 - $2,575

1-2 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

  • 418

    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
  • 90

    Communities

  • 23,201

    Units

  • 51

    Cities

3 Communities in Royal Oak
LR Management
LR Management
  • 64

    Communities

  • 14,592

    Units

  • 38

    Cities

3 Communities in Royal Oak
MTH Management
MTH Management
  • 63

    Communities

  • 2,916

    Units

  • 35

    Cities

3 Communities in Royal Oak
Cormorant
Cormorant
  • 14

    Communities

  • 1,594

    Units

  • 11

    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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity