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2 Bedroom Apartments for Rent in Royal Oak, MI - 68 Rentals available

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Royal Oak, MI Demographics

  • Total Population59,107
  • Female 29,839
    Male 29,268
  • Median Age36

Average Rent in Royal Oak, MI

  • Royal Oak, MI Average Rental Price, May 2020 $1,033 /mo

Royal Oak, MI Apartment Rent Ranges

  • $701-$1,00064%
  • $1,001-$1,50029%
  • $1,501-$2,0004%
  • > $2,0002%

Royal Oak, MI Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 May / 2020
Royal Oak, MI $945 $956 $965 $957 $957 $974 $985 $1,017 $1,070 $1,033
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468

Royal Oak, MI Households

  • Total Number of Households28,467
  • Family 13,436
    Non-family 15,031
  • Children 5,208
    No Children 23,259
  • Average People Per Household2.07
  • Median Household Income$78,741
  • Median Housing Costs Per Month$1,163

Royal Oak, MI Education Statistics

  • No High School1%
  • Some High School17%
  • Some College21%
  • Associate Degree7%
  • Bachelor Degree33%
  • Graduate Degree20%

Renting a 2 bedroom apartment in Royal Oak, MI

Renting a 2 bedroom apartment is ideal if you’re living with someone else, whether it’s your partner, your roommate, or your whole family. The second bedroom gives you enough space for more than one person or can come in handy as a home office that doubles as a guest bedroom. 2 bedroom apartment rentals in Royal Oak, MI offer a generous 1,054 Sqft of living space for an average monthly rent of $1,656. Your apartment quest is going to be different depending on where and what you’re looking for. If you’re focusing on more expensive neighborhoods, like Troy, rent prices for 2-bedroom apartments can run up to $2,025. If you’re looking primarily in affordable neighborhoods, like Wixom, you will find cheap 2 bedroom apartments with rents as low as $764.

Things to remember when looking for a cheap 2 bedroom apartment in Royal Oak, MI

There is a series of factors that determine the price of a rental apartment in Royal Oak, MI. Its location is probably at the top of the list. The closer a building is to the city center, or to a public transportation station, the more expensive it is. The same goes for buildings located in popular areas with a high density of quality dining, shopping and entertainment options. That’s because most renters would rather be close to where things are happening, thus creating an increased demand for those apartments. Another determinant is the quality of the building, as in how old it is, how well maintained, what amenities it offers. Similarly, the quality of the apartment unit itself is a factor. A furnished apartment will most certainly cost more than an unfurnished one. One that has newer appliances, or has been remodeled recently, is going to demand a higher price. On the flip side, you can find some really good deals if none of these factors are a priority for you. There are 6 apartment buildings in Royal Oak, MI you can explore that offer all types of floor plans, including cheap 2 bedroom apartments.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!