Birmingham / Royal Oak, MI
April 2026
48009,48067,48073
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,173 – $1,270 | -1.88% | 0.43% |
| 2-Bedroom | $1,454 – $1,607 | -1.36% | 0.30% |
| 3-Bedroom | $1,874 – $2,059 | 0.20% | 3.54% |
| 4-Bedroom | $2,091 – $2,184 | 0.45% | 4.42% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,269 – $1,308 | -1.96% | 1.70% |
| 2-Bedroom | $1,759 – $1,906 | -3.38% | -0.35% |
| 3-Bedroom | $2,069 – $2,176 | -4.88% | -1.25% |
| 4-Bedroom | $2,239 – $2,387 | 0.59% | 4.03% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,230 – $1,286 | 0.72% | 4.94% |
| 2-Bedroom | $1,592 – $1,749 | 0.70% | 4.19% |
| 3-Bedroom | $2,195 – $2,426 | 3.29% | 6.59% |
| 4-Bedroom | $2,418 – $2,699 | 3.31% | 6.04% |
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.