Royal Oak, MI Rental Market Data

As of August 2026, rental prices in Royal Oak, MI range from $1,200 to $2,512 per month depending on property type and bedroom count.

The most significant year-over-year change is a 6.67% increase for 2BR apartments in Royal Oak, MI.

For 2BR units, condos/townhomes have a higher median rent at $1,869 compared to apartments at $1,700.

What is the typical rent range in Royal Oak, MI for August 2026?

For August 2026, rental rates in Royal Oak, MI span from $1,200 for a 1BR apartment to $2,512 for a 4BR single-family home.

Are rents mostly increasing or decreasing across property types in Royal Oak, MI?

In August 2026, rents are mostly increasing across Royal Oak, MI, with 2BR apartments up 6.67% YoY, single-family 2BR up 6.58% YoY, and several other segments also showing positive year-over-year growth.

What is the rent premium for condos compared to apartments for the same bedroom count in Royal Oak, MI?

For 2BR units in Royal Oak, MI, condos/townhomes rent for $1,869, which is $169 more than 2BR apartments at $1,700 as of August 2026.

Which specific segment had the largest annual rent decline in Royal Oak, MI, and does this affect more than one segment?

The largest annual rent decline in Royal Oak, MI is in 1BR apartments, which fell by -2.58% YoY as of August 2026, and this decline is limited specifically to the 1BR apartment segment.

Royal Oak, MI

August 2026

48067,48073

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,164 – $1,236	-0.34%	-2.58%
2-Bedroom	$1,615 – $1,785	5.19%	6.67%
3-Bedroom	$1,998 – $2,130	3.20%	4.15%
4-Bedroom	$2,143 – $2,285	1.61%	4.75%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,297 – $1,337	0.75%	1.74%
2-Bedroom	$1,809 – $1,929	5.28%	4.39%
3-Bedroom	$2,266 – $2,382	-1.18%	2.70%
4-Bedroom	$2,384 – $2,521	1.64%	4.96%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,291 – $1,349	1.35%	5.00%
2-Bedroom	$1,692 – $1,870	1.24%	6.58%
3-Bedroom	$2,196 – $2,427	2.56%	4.36%
4-Bedroom	$2,437 – $2,587	-4.58%	1.38%

Data updated: September 22, 2026

Royal Oak Rental Trends

In the Royal Oak (48067, 48073) rental market, 2-bedroom condo/townhome units posted an 8.8% year-over-year increase, reaching a median rent of $2,033 in May 2026. This rise makes condos the fastest-growing option among 2BR units, outpacing the corresponding apartment and single-family segments.

Among larger units, 3-bedroom apartments in Royal Oak (48067, 48073) experienced a notable month-over-month rent increase of 4.3%, reaching $2,052. This momentum is stronger than that of 3BR condos, which rose 1.8% MoM, highlighting apartments as the more active segment in recent months.

Rental pricing for 4-bedroom units underscores the premium for single-family homes, as Royal Oak (48067, 48073) rental trends show a median rent of $2,576—a $437 advantage over 4BR apartments. This difference reflects the highest value available for large rental units in the submarket.

12-Month Median Rent Trend

Apartment

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,200	$1,700	$2,064	$2,214
July 2026	$1,306	$1,652	$1,979	$2,199
June 2026	$1,147	$1,535	$2,015	$2,159
May 2026	$1,228	$1,585	$2,052	$2,139
April 2026	$1,217	$1,486	$1,968	$2,116
March 2026	$1,240	$1,520	$1,966	$2,107
February 2026	$1,218	$1,520	$1,967	$2,115
January 2026	$1,224	$1,551	$1,986	$2,131
December 2025	$1,209	$1,546	$1,995	$2,147
November 2025	$1,209	$1,552	$2,014	$2,157
October 2025	$1,231	$1,552	$2,012	$2,155
September 2025	$1,242	$1,575	$2,005	$2,144

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,317	$1,869	$2,324	$2,463
July 2026	$1,402	$2,011	$2,512	$2,446
June 2026	$1,237	$1,551	$2,214	$2,401
May 2026	$1,274	$2,033	$2,273	$2,347
April 2026	$1,273	$1,887	$2,249	$2,310
March 2026	$1,299	$1,916	$2,210	$2,298
February 2026	$1,296	$1,781	$2,204	$2,301
January 2026	$1,276	$1,757	$2,207	$2,319
December 2025	$1,261	$1,762	$2,228	$2,340
November 2025	$1,262	$1,817	$2,245	$2,361
October 2025	$1,286	$1,830	$2,267	$2,371
September 2025	$1,301	$1,843	$2,262	$2,369

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,320	$1,781	$2,311	$2,512
July 2026	$1,311	$1,799	$2,224	$2,629
June 2026	$1,296	$1,662	$2,277	$2,636
May 2026	$1,270	$1,634	$2,243	$2,576
April 2026	$1,254	$1,662	$2,190	$2,531
March 2026	$1,244	$1,653	$2,116	$2,410
February 2026	$1,247	$1,622	$2,137	$2,409
January 2026	$1,255	$1,626	$2,143	$2,421
December 2025	$1,262	$1,632	$2,105	$2,424
November 2025	$1,270	$1,636	$2,131	$2,448
October 2025	$1,269	$1,650	$2,147	$2,501
September 2025	$1,275	$1,663	$2,202	$2,496

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