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Rental Market Trends in Royal Oak, MI

Updated September 2026

The average rent in Royal Oak, MI is $1,388/month.

Rent in Royal Oak is 17% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$1,388/month

Average Rent

714 Sq Ft

Average Size

+2.9%

Change / Year

575

Available Apartments

Royal Oak rent varies by unit size and layout:

  • Studio apartments in Royal Oak average $1,267 per month.
  • One-bedroom apartments in Royal Oak average $1,388 per month.
  • Two-bedroom apartments in Royal Oak average $1,781 per month.
  • Three-bedroom apartments in Royal Oak average $2,678 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,267/month
453 Sq Ft
One Bedroom
$1,388/month
714 Sq Ft
Two Bedroom
$1,781/month
990 Sq Ft
Three Bedroom
$2,678/month
1,475 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,479/month
220 Sq Ft
Two Bedroom
$1,898/month
969 Sq Ft
Three Bedroom
$2,516/month
1,223 Sq Ft
Four Bedroom
$3,979/month
1,492 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,710/month
751 Sq Ft
Two Bedroom
$2,107/month
1,204 Sq Ft
Three Bedroom
$3,133/month
1,583 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,806/month
1,014 Sq Ft
View Royal Oak Apartments

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

In the past year, rent has increased by 2.9%, which averages out to $41 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Royal Oak, MI

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Royal Oak, MI
Percentage*
Rent Range
2% Below $700/month
17% $700 - $1,000/month
56% $1,001 - $1,500/month
15% $1,501 - $2,000/month
10% Above $2,000/month

Rent by Neighborhood

  • 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
$2,375/month
778 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
$2,375/month
778 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
$2,375/month
778 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 $1,388, you’ll want to make about $4,626 per month or $55,512 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

575 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.

View the Royal Oak Area Guide

Apartment Averages

Downtown Royal Oak

Royal Oak, MI

Downtown Royal Oak

Royal Oak, MI

Studio
$1,686/month
$1,686/month
One Bedroom
$2,556/month
$2,556/month
Two Bedroom
$3,470/month
$3,470/month
Three Bedroom
$4,248/month
$4,248/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Berkley

    Berkley

    Avg Rent: $1,511/month

  • Clawson

    Clawson

    Avg Rent: $1,148/month

  • Madison Heights

    Madison Heights

    Avg Rent: $1,042/month

  • Oak Park

    Oak Park

    Avg Rent: $1,031/month

  • Ferndale

    Ferndale

    Avg Rent: $1,435/month

  • Birmingham

    Birmingham

    Avg Rent: $2,286/month

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

Studio - 3 Beds | $1,911 - $4,040

The Harrison

The Harrison

1210 Morse Ave,
Royal Oak, MI 48067

1-3 Beds | $2,428 - $3,206

Birmingham Pointe

Birmingham Pointe

707 S Worth St,
Birmingham, MI 48009

1-3 Beds | $3,900 - $6,400

Midtown Pointe Apartments

Midtown Pointe Apartments

1712 Midtown Cir,
Royal Oak, MI 48073

1-3 Beds | $2,300 - $2,765

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Frequently Asked Questions

What is the average rent in Royal Oak?

The average rent in Royal Oak is $1,388 per month, which is 16.6% lower than the national average of $1,664.

What is the average rent for a house in Royal Oak?

The average rent for a house in Royal Oak, MI is $2,516 per month.

What is the average rent for a townhome in Royal Oak?

The average rent for a townhome in Royal Oak, MI is $1,806 per month.

What is the average rent for a condo in Royal Oak?

The average rent for a condo in Royal Oak, MI is $1,710 per month.

Are rents going up or down in Royal Oak?

Rents in Royal Oak, MI are increasing, with prices up 2.9% year-over-year and $41 more per month.

What rent range is most common in Royal Oak?

In Royal Oak, MI, 56% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 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