Birmingham / Royal Oak, MI
June 2026
48009,48067,48073
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,134 – $1,229 | -0.52% | -2.50% |
| 2-Bedroom | $1,512 – $1,672 | -0.31% | 5.56% |
| 3-Bedroom | $1,955 – $2,085 | 0.94% | 3.92% |
| 4-Bedroom | $2,095 – $2,233 | 1.18% | 4.20% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,318 – $1,378 | 1.19% | 4.36% |
| 2-Bedroom | $1,677 – $1,816 | -5.92% | -0.13% |
| 3-Bedroom | $2,189 – $2,301 | 1.48% | 2.76% |
| 4-Bedroom | $2,314 – $2,467 | 1.43% | 3.64% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,270 – $1,327 | 1.63% | 5.57% |
| 2-Bedroom | $1,653 – $1,763 | 6.41% | 3.84% |
| 3-Bedroom | $2,355 – $2,603 | -0.18% | 5.50% |
| 4-Bedroom | $2,698 – $2,922 | 0.49% | 7.30% |
In the Birmingham / Royal Oak (48009, 48067, 48073) rental market, 1-bedroom condos commanded a median rent of $1,288, surpassing 1-bedroom apartments at $1,221 by $67. Both segments saw a monthly decline, with condos down -1.96% MoM and apartments down -1.88%, yet condos gained 1.70% YoY, outperforming apartments' 0.43% annual growth.
Among all segments in Birmingham / Royal Oak (48009, 48067, 48073), 3-bedroom single-family properties recorded the largest monthly increase, rising 3.29% MoM to $2,311. This segment's momentum contrasts sharply with 3-bedroom condos, which declined -4.88% MoM to $2,122, highlighting differences in consumer preferences for family-sized rentals.
April data reveals that Birmingham / Royal Oak (48009, 48067, 48073) rental trends indicate 4-bedroom apartment units earned a 4.42% year-over-year increase, reaching a median of $2,117. This rate of growth tops all other apartment categories, underscoring rising demand for larger rental units in this submarket.