Long-term Rental Rates — April 2026 · ZIPs: 48067,48073
Local market data by Estaite
As of April 2026, rental prices in Royal Oak, MI range from $1,217 to $2,531 per month depending on property type and bedroom count.
The strongest year-over-year rent increase was for 4BR single-family homes, which rose 7.27%.
Among 3BR units, condos/townhomes have a median rent of $2,249, single-family homes are at $2,190, and apartments are at $1,968.
What is the rent range for apartments, condos/townhomes, and single-family homes in Royal Oak, MI?
The rent range in Royal Oak, MI as of April 2026 spans from $1,217 per month for a 1BR apartment up to $2,531 per month for a 4BR single-family home.
Are rents in Royal Oak, MI rising or falling across property types and bedroom counts?
In Royal Oak, MI as of April 2026, all condo/townhome and single-family segments saw year-over-year rent increases, with 4BR single-family homes up 7.27%, while apartment rents also increased for all bedrooms, with the largest gain in 4BR units at 4.41% YoY.
What is the premium between apartments and condos/townhomes for the same bedroom count in Royal Oak, MI?
For 2BR units in Royal Oak, MI, condos/townhomes are $401 higher than apartments ($1,887 for condos/townhomes vs $1,486 for apartments in April 2026), and for 1BR units, condos/townhomes are $56 higher ($1,273 vs $1,217).
Which segment had the largest annual rent decrease in Royal Oak, MI, and was the decline broad or limited?
No segment in Royal Oak, MI experienced a year-over-year rent decrease as of April 2026; all property types and bedroom counts posted positive YoY changes, and the smallest increase was in 1BR apartments at 0.29%.
Royal Oak, MI
April 2026
48067,48073
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,168 – $1,266
-1.41%
0.29%
2-Bedroom
$1,427 – $1,546
-2.03%
-1.12%
3-Bedroom
$1,875 – $2,060
0.08%
3.55%
4-Bedroom
$2,091 – $2,184
0.45%
4.41%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,254 – $1,292
-2.09%
1.66%
2-Bedroom
$1,840 – $1,935
-1.10%
2.00%
3-Bedroom
$2,177 – $2,321
0.17%
4.44%
4-Bedroom
$2,236 – $2,383
0.50%
3.96%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,226 – $1,281
0.73%
4.67%
2-Bedroom
$1,584 – $1,740
0.52%
4.07%
3-Bedroom
$2,081 – $2,300
3.93%
5.12%
4-Bedroom
$2,429 – $2,632
5.27%
7.27%
Data updated: June 2, 2026
In the Royal Oak (48067, 48073) rental market, 3-bedroom single-family homes posted a significant month-over-month rise of 3.93%, reaching a median rent of $2,190. This monthly change marks the strongest short-term growth across all segments in Royal Oak (48067, 48073).
Within the apartment category in Royal Oak (48067, 48073), 2-bedroom units saw rents decrease by 2.03% month-over-month, settling at $1,486. This decline outpaces the monthly movements among other apartment segments, reflecting softer pricing for mid-sized apartment rentals.
Comparing larger units, Royal Oak (48067, 48073) rental trends show 4-bedroom single-family homes at $2,531 surpass 4-bedroom condos/townhomes at $2,310, creating a $221 gap. This illustrates a clear premium for families seeking spacious single-family residences over similar condo options.