Royal Oak, MI Rental Market Trends
Last updated: May 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Royal Oak is $1,654, a 0.12% decrease compared to the previous year, when the average rent was $1,656.
One-bedroom apartments provide 746 square feet for $1,466, balancing privacy and affordability.
Two-beedroom units at $1,723 offer 1,008 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,502 sq ft) for $2,436, suitable for larger households.
Average rent in Royal Oak, MI
Last updated: May 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,654 | 915 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,466 | 746 sq. ft. |
| 2 Beds | $1,723 | 1,008 sq. ft. |
| 3 Beds | $2,436 | 1,502 sq. ft. |
Royal Oak, MI rent trends
Rental prices in Royal Oak, MI have decreased by 0.12% over the past year. The average rent moved from $1,656 to $1,654.
What's the typical rent budget in Royal Oak, MI?
The largest share of rentals in Royal Oak, MI (62%) 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?
9,319 or 32% of the households in Royal Oak, MI are renter-occupied while 19,791 or 68% are owner-occupied.
How Royal Oak Compares to Other Cities
| City | Average Rent |
|---|---|
| Royal Oak | $1,654 |
| Detroit | $1,337 |
| Ann Arbor | $2,053 |
| Grand Rapids | $1,572 |
| Lansing | $1,246 |
| East Lansing | $1,801 |
| Kalamazoo | $1,318 |
| Southfield | $1,401 |
| Ypsilanti | $1,317 |
| Farmington Hills | $1,468 |
| Battle Creek | $1,177 |
| Westland | $1,161 |
| Troy | $1,605 |
| Pontiac | $1,208 |
| Sterling Heights, MI | $1,258 |
| Novi | $1,694 |
| Rochester Hills | $1,665 |
| Warren, MI | $1,122 |
| Auburn Hills, MI | $1,548 |
| Livonia, MI | $1,433 |
| Dearborn, MI | $1,708 |
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.