Average Rent in Royal Oak, MI

Royal Oak rentals average $1,135 for a 1-bedroom rental to $2,100 for a 4-bedroom rental. The median price of all currently available listings is $2,100, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $58 (5.03%) year-over-year from $1,143 to $1,200. 1-bedroom rentals prices have increased by $88 (8.32%) year-over-year from $1,062 to $1,150. 2-bedroom rentals prices have increased by $111 (6.97%) year-over-year from $1,589 to $1,700. 3-bedroom rentals prices have increased by $34 (1.58%) year-over-year from $2,166 to $2,200. 4-bedroom rentals prices have decreased by $1,433 (-36.44%) year-over-year from $3,933 to $2,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 3.23% this month. 1-bedroom rents have gone up by 1.55% this month. 2-bedroom rents have gone up by 2.51% this month. 3-bedroom rents have gone down by 0.75% this month. 4-bedroom rents have gone up by 3.45% this month.