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Apartments for Rent in Royal Oak, MI
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Average rent in Royal Oak, MI

$1,383/mo Royal Oak, MI average rental price, February 2023
Image Average Rent

The average monthly rent of apartments in Royal Oak, MI is $1,383.

Royal Oak, MI apartment rent ranges

About 11% of apartment rents in Royal Oak, MI range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 15% of apartments. Around 53% of Royal Oak’s apartments are in the $1,001-$1,500 price range. 20% of apartments are priced between $701-$1,000.

Royal Oak, MI rent trends

Check out the average rent prices in Royal Oak by neighborhood.

Compared to the national average rent of $1,727, the average rent in Royal Oak, MI is $1,383.

Getting around in Royal Oak, MI

43 /100
Car-Dependent
51 /100
Bikeable
Walk Score®: 43, Bike Score®: 51

Frequently asked questions

When were prices and availability in Royal Oak, MI last updated?

Prices and availability in Royal Oak, MI were last updated on 20 Mar 2023.

What are the best apartments in Royal Oak, MI?

The best apartments in Royal Oak, MI are: Metropolitan 13, Eight55 Apartments, Metropolitan Lafayette, Midtown Pointe and Icon on Main.

What is the average rent in Royal Oak, MI?

The average rent in Royal Oak, MI is $1,383. Start your search for apartments in Royal Oak, MI now.

What is the price range for a studio apartment in Royal Oak, MI?

The price range for a studio apartment in Royal Oak, MI is between $725 and $4,000. View all studio apartments in Royal Oak, MI.

What is the price range for a 1-bedroom apartment in Royal Oak, MI?

The price range for a 1-bedroom apartment in Royal Oak, MI is between $725 and $4,000. Browse all available 1-bedroom apartments in Royal Oak, MI now.

What is the price range for a 2-bedroom apartment in Royal Oak, MI?

The price range for a 2-bedroom apartment in Royal Oak, MI is between $1,005 and $4,744. Browse and find a 2-bedroom apartment in Royal Oak, MI.

What is the price range for a 3-bedroom apartment in Royal Oak, MI?

The price range for a 3-bedroom apartment in Royal Oak, MI is between $1,750 and $3,570. Browse all available 3-bedroom apartments in Royal Oak, MI.

What type of rental buildings are in Royal Oak, MI?

In Royal Oak 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 10% of Royal Oak’s apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 24% are single-family rentals.

What do typical apartment communities look like in Royal Oak, MI?

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Royal Oak are about 48 years old, on average. Of these, 20% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About 95% of the rental communities here are low-rise, garden-style communities, 5% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Royal Oak, MI?

Studio apartments in Royal Oak are around 2% of rentals, while 1-bedroom floor plans represent 46% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 44% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

Living in Royal Oak, MI

Located along the Woodward Corridor, Royal Oak is a small town in Oakland County, Michigan. Two highways pass through the town, Interstate 75 and Interstate 696, making it easy for those in the suburbs to access neighboring cities such as Detroit, Ann Arbor and Lansing. The town is well-known for its trendy downtown bars, shopping areas and the Woodward Dream Cruise. Royal Oak has a hot-summer humid continental climate, with 177 sunny days per year. On average, there are also 33 inches of rain and 32 inches of snow per year. The winter low and summer high temperatures vary between 18°F and 83°F. Royal Oak is a desired renting spot for families and young professionals, as it has one of the top household incomes in Michigan, good schools and a low crime rate.

Renting in Royal Oak, MI

Royal Oak’s neighborhoods have a dense suburban feel, and most people living here are homeowners. Towar Park and Coventry Park are among the most popular neighborhoods for families raising children. Meanwhile, the downtown area, which boasts many luxury condos and apartments and plenty of entertainment and nightlife options, attracts mainly young professionals. In Royal Oak, renters have the right to repair and deduct from the rent if the landlord refuses to take care of major repairs. Still, renters typically pay for minor repairs and are required to keep the unit habitable. Landlords must give a seven-day eviction notice.

Things for renting

Royal Oak, MI demographics

Royal Oak, MI has a population of 58,368 according to the most recent data from the U.S. Census Bureau. 28,573 of Royal Oak’s residents are women and 29,795 are men. The median age of those who live in Royal Oak, MI is 35.8.

Shopping in Royal Oak, MI

Royal Oak provides a wide range of shopping options in the downtown area and even around the gated neighborhoods. There are a lot of bars, restaurants, parks and coffee shops around the residential areas. Oakland Mall, Universal Mall, Woodwardside Plaza and K&S Mall are the most popular in Royal Oak. There are also major department stores like Nordstrom, Macy's, TJ Maxx and Somerset Collection. Grocery is also easily available at Holiday Market, Hollywood Markets and Trader Joe's. Renters get access to bigger malls and more department stores in Troy, which is a 20-minute drive away.

Royal Oak, MI households

  • 13,002 Family
    15,969 Non-family
  • 5,104 Children
    23,867 No Children
  • 28,971Total Number of Households
  • 2.01Average People Per Household
  • $87,316Median Household Income

According to U.S. Census data, there are 28,971 households in Royal Oak, MI. 13,002 are family households and 15,969 are non-family households. There are 5,104 households with children in Royal Oak and 23,867 households without children. On average, about 2.01 people live in a household in Royal Oak, MI.

Transportation in Royal Oak, MI

Royal Oak is quite walkable and bikeable, but some errands will require a car. For renters who don’t own a car or prefer using public transit, Royal Oak has an extensive network of SMART buses. In addition, the local government offers transportation for seniors and disabled persons. Royal Oak also has an Amtrak service for those traveling out of town. Renters looking for more convenience go for private services and ridesharing like Uber and Lyft. There are car rental agencies and airport shuttle near the town, mostly on the Woodward Corridor. The closest airport to royal Oak is the Detroit Metropolitan Wayne County Airport, located some 30 miles away.

Royal Oak, MI education statistics

The level of education of the population of Royal Oak, MI is as follows: 1% have no high school education, 16% completed some high school, 19% partially completed college, 7% have an Associate Degree, 36% have a Bachelor Degree, and 21% have a Graduate Degree.

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RentCafe is your one-stop shop for finding a great new apartment in Royal Oak, MI. Easily search through a wide selection of apartments for rent in Royal Oak, MI, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Royal Oak, MI apartments with rents starting from $725 and submit your rental application today!

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