Oak Park, MI Rental Market Trends
What is the average rent in Oak Park?
The average rent for an apartment in Oak Park is $1,043, a 5% increase compared to the previous year, when the average rent was $991.
Average Rent in Oak Park, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,043||5%||850 sq. ft.|
What is the average apartment size in Oak Park?
The average size for a Oak Park, MI apartment is 850 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Oak Park, MI Apartment Rent Ranges
Oak Park, MI Occupied Housing Units
5,429 or 44% of the households in Oak Park, MI are renter-occupied while 6,678 or 55% are owner-occupied.
Oak Park, MI Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021|
How Oak Park Compares to Other Cities
|Average Rent||Y-o-Y Change|