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Rental Market Trends in Royal Oak, MI

What is the average rent in Royal Oak, MI?

$1,358/month

Average Rent

714 Sq Ft

Average Apartment Size

+1.7%

Increase in the Last Year

Royal Oak, MI Rental Market Overview

The average rent in Royal Oak, MI is $1,358 per month. This is 17% lower than the national average rent of $1,644/month, making renting in Royal Oak more affordable than most cities in the US.

  • Studio apartments in Royal Oak average $1,247 per month.
  • One-bedroom apartments in Royal Oak average $1,358 per month.
  • Two-bedroom apartments in Royal Oak average $1,744 per month.
  • Three-bedroom apartments in Royal Oak average $2,601 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,247/month
452 Sq Ft
One Bedroom
$1,358/month
714 Sq Ft
Two Bedroom
$1,744/month
990 Sq Ft
Three Bedroom
$2,601/month
1,473 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,888/month
969 Sq Ft
Three Bedroom
$2,386/month
1,199 Sq Ft
Four Bedroom
$5,008/month
2,426 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,648/month
656 Sq Ft
Two Bedroom
$2,244/month
1,236 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 1.7%, which averages out to $23 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Royal Oak, MI
Last Updated June 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
17% $700 - $1,000/month
56% $1,001 - $1,500/month
14% $1,501 - $2,000/month
10% 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, Downtown Royal Oak is the most affordable neighborhood in Royal Oak.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Royal Oak
$2,425/month
793 Sq Ft

What are the most expensive neighborhoods in Royal Oak?

Based on current rent prices, Downtown Royal Oak is the most expensive neighborhood in Royal Oak.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Royal Oak
$2,425/month
793 Sq Ft

Which Royal Oak neighborhoods have the most rentals available?

The neighborhood in Royal Oak with the most apartments available is Downtown Royal Oak .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Royal Oak
$2,425/month
793 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 $1,358, you’ll want to make about $4,526 per month or $54,312 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

761 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

Downtown Royal Oak

Royal Oak, MI

Downtown Royal Oak

Royal Oak, MI

Studio
$1,670/month
$1,670/month
One Bedroom
$2,423/month
$2,423/month
Two Bedroom
$3,575/month
$3,575/month
Three Bedroom
$4,285/month
$4,285/month
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Nearby City Rent Trends

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Apartment communities in Royal Oak we think you'll love

The Griffin Royal Oak

The Griffin Royal Oak

25090 Woodward Ave,
Royal Oak, MI 48067

$2,569 - $4,779

Studio - 3 Beds

The Harrison

The Harrison

1210 Morse Ave,
Royal Oak, MI 48067

$2,298 - $3,194

1-2 Beds

Birmingham Pointe

Birmingham Pointe

707 S Worth St,
Birmingham, MI 48009

$3,995 - $6,900

1-3 Beds

ICON on Main - Royal Oak, MI

ICON on Main - Royal Oak, MI

480-486 N Main St,
Royal Oak, MI 48067

$2,435 - $4,515

Studio - 2 Beds

Property Management Companies in Royal Oak, MI

Amber Properties
Amber Properties
  • 15

    Communities

  • 771

    Units

  • 3

    Cities

11 Communities in Royal Oak
Trowbridge Companies
Trowbridge Companies
  • 18

    Communities

  • 2,165

    Units

  • 9

    Cities

5 Communities in Royal Oak
BEZTAK Properties
BEZTAK Properties
  • 83

    Communities

  • 22,085

    Units

  • 49

    Cities

3 Communities in Royal Oak
LR Management
LR Management
  • 64

    Communities

  • 14,532

    Units

  • 39

    Cities

3 Communities in Royal Oak
MTH Management
MTH Management
  • 66

    Communities

  • 3,085

    Units

  • 39

    Cities

3 Communities in Royal Oak
Cormorant
Cormorant
  • 14

    Communities

  • 1,594

    Units

  • 11

    Cities

3 Communities in Royal Oak
Gordon Management
Gordon Management
  • 13

    Communities

  • 2,123

    Units

  • 8

    Cities

3 Communities in Royal Oak
Village Green
Village Green
  • 163

    Communities

  • 33,269

    Units

  • 95

    Cities

2 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 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity