Long-term Rental Rates — June 2026 · ZIPs: 48067,48073
Local market data by Estaite
As of June 2026, rental prices in Royal Oak, MI range from $1,147 to $2,636 per month depending on property type and bedroom count.
The largest year-over-year change is in single-family 4BR rentals, which increased 8.59%.
For 1BR units, single-family homes are highest at $1,296, followed by condos/townhomes at $1,237, and apartments at $1,147.
What is the rent range for Royal Oak, MI as of June 2026?
As of June 2026, rents in Royal Oak, MI span from $1,147 for a 1BR apartment up to $2,636 for a 4BR single-family home.
Are rents in Royal Oak, MI generally rising or falling across property types and bedroom counts in June 2026?
In Royal Oak, MI for June 2026, apartment 1BR rents declined by -3.77% YoY and condo 1BR rents dropped -0.79% YoY, while all other segments saw increases, including apartment 2BR rents rising 6.29% YoY and single-family 4BR rents rising 8.59% YoY.
What is the price gap between apartments and condos/townhomes for the same bedroom count in Royal Oak, MI in June 2026?
For 1BR units in Royal Oak, MI, apartments are $1,147 and condos/townhomes are $1,237, a difference of $90; for 3BR units, apartments are $2,015 and condos/townhomes are $2,214, a difference of $199.
Which segment had the biggest annual rent decline in Royal Oak, MI, and is the drop broad or isolated?
The largest annual rent decrease is in apartment 1BR units at -3.77% YoY in Royal Oak, MI for June 2026, and this decline is limited to 1BR apartments, since other apartment bedroom counts show positive YoY changes.
Royal Oak, MI
June 2026
48067,48073
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,101 – $1,193
2.45%
-3.77%
2-Bedroom
$1,458 – $1,612
-0.43%
6.29%
3-Bedroom
$1,951 – $2,079
-0.20%
4.40%
4-Bedroom
$2,090 – $2,228
0.94%
3.95%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,219 – $1,256
1.12%
-0.79%
2-Bedroom
$1,512 – $1,589
-1.51%
0.76%
3-Bedroom
$2,159 – $2,269
1.23%
2.45%
4-Bedroom
$2,335 – $2,478
1.87%
4.12%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,267 – $1,325
1.41%
5.62%
2-Bedroom
$1,620 – $1,703
10.26%
2.58%
3-Bedroom
$2,170 – $2,384
0.12%
4.83%
4-Bedroom
$2,530 – $2,741
1.74%
8.59%
Data updated: July 19, 2026
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.