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Studio Apartments for Rent in Royal Oak, MI - 4 Rentals available

We found 1 rental in Royal Oak, MI and 3 rentals nearby

  • Apartment
    3807 Crooks Road, Royal Oak, MI 48073
    $610 - $1,004
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (248) 549-1000

We found 2 rentals within a 3-mile radius of Royal Oak, MI

  • Apartment
    32500 Concord Drive, Madison Heights, MI 48071
    $995 - $1,300
    • Studio-2 Beds

We found 1 rental within a 5-mile radius of Royal Oak, MI

  • Apartment
    1545 East Thirteen Mile Road, Madison Heights, MI 48071
    $960 - $1,725
    • Studio-2 Beds

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Royal Oak, MI Demographics

  • Total Population58,973
  • Female 29,476
    Male 29,497
  • Median Age36.2

Average Rent in Royal Oak, MI

  • Royal Oak, MI Average Rental Price, April 2019$974/mo

Royal Oak, MI Apartment Rent Ranges

  • $501-$7006%
  • $701-$1,00062%
  • $1,001-$1,50029%
  • $1,501-$2,0003%

Royal Oak, MI Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
Royal Oak, MI $871 $920 $932 $945 $956 $965 $957 $957 $974
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 4806748073

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

Royal Oak, MI Households

  • Total Number of Households28,548
  • Family 13,426
    Non-family 15,122
  • Children 5,279
    No Children 23,269
  • Average People Per Household2.06
  • Median Household Income$74,140
  • Median Housing Costs Per Month$1,108

Royal Oak, MI Education Statistics

  • No High School1%
  • Some High School18%
  • Some College21%
  • Associate Degree7%
  • Bachelor Degree33%
  • Graduate Degree20%

Renting a studio apartment in Royal Oak, MI

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Royal Oak, MI is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 1 listing with a total of 3 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Wixom is the cheapest neighborhood in town—wink wink).

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Royal Oak, MI with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Royal Oak, MI costs a monthly $1,004.

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