Royal Oak, MI Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Royal Oak is $1,520, a 2.03% increase compared to the previous year, when the average rent was $1,490.
Studio Apartments at $1,786 offer the most budget-friendly option with 553 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 742 square feet for $1,343, balancing privacy and affordability.
Two-beedroom units at $1,553 offer 986 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,503 sq ft) for $2,308, suitable for larger households.
Average rent in Royal Oak, MI
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,520 | 904 sq. ft. |
| Studio | $1,786 | 553 sq. ft. |
| 1 Bed | $1,343 | 742 sq. ft. |
| 2 Beds | $1,553 | 986 sq. ft. |
| 3 Beds | $2,308 | 1,503 sq. ft. |
Royal Oak, MI rent trends
Rental prices in Royal Oak, MI have increased by 2.03% over the past year. The average rent moved from $1,490 to $1,520.
What's the typical rent budget in Royal Oak, MI?
The largest share of rentals in Royal Oak, MI (65%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Royal Oak, MI?
9,853 or 34% of the households in Royal Oak, MI are renter-occupied while 19,498 or 66% are owner-occupied.
How Royal Oak Compares to Other Cities
| City | Average Rent |
|---|---|
| Royal Oak | $1,520 |
| Detroit | $1,312 |
| Grand Rapids | $1,591 |
| Ann Arbor | $2,039 |
| Lansing | $1,198 |
| East Lansing | $1,706 |
| Kalamazoo | $1,316 |
| Southfield | $1,381 |
| Farmington Hills | $1,495 |
| Ypsilanti | $1,288 |
| Westland | $1,162 |
| Troy | $1,594 |
| Sterling Heights, MI | $1,256 |
| Novi | $1,650 |
| Pontiac | $1,199 |
| Rochester Hills, MI | $1,701 |
| Warren, MI | $1,102 |
| Auburn Hills, MI | $1,580 |
| Dearborn, MI | $1,717 |
| Ferndale, MI | $2,162 |
| Livonia, MI | $1,422 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Royal Oak apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.