Royal Oak, MI · Detroit metro
September 2026
48067,48073
Long-term Rental Rates
Long-term rental rates for Royal Oak (48067,48073), in the Detroit metro area, as of September 2026.
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,196 – $1,296 | 3.68% | 0.49% |
| 2-Bedroom | $1,606 – $1,775 | 2.42% | 9.31% |
| 3-Bedroom | $2,045 – $2,260 | 4.08% | 7.41% |
| 4-Bedroom | $2,193 – $2,293 | 0.52% | 4.24% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,306 – $1,365 | 1.03% | 3.13% |
| 2-Bedroom | $1,744 – $1,859 | -7.79% | -5.26% |
| 3-Bedroom | $2,379 – $2,552 | 2.81% | 8.07% |
| 4-Bedroom | $2,374 – $2,521 | -0.42% | 3.79% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,287 – $1,326 | -1.05% | 2.81% |
| 2-Bedroom | $1,700 – $1,879 | 1.18% | 7.87% |
| 3-Bedroom | $2,184 – $2,414 | -0.22% | 4.23% |
| 4-Bedroom | $2,427 – $2,577 | -0.73% | 0.35% |
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.