Royal Oak renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Royal Oak is about $1,394 per month. This puts it in the 96th percentile compared to the state average cost of rent, which is $1,107. Households in Royal Oak have a median income of $7,075 per month so the average renter in Royal Oak is spending roughly 20% of their earnings on housing.
Nationally, and in Royal Oak, home values are the data point most closely correlated with the cost of rent. The median price of a home in Royal Oak is $296,379 right now, which is lower than cities nearby, meaning that rents in Royal Oak also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Royal Oak while lower rent rates are often available in southwestern areas.
Nearby Cities
- Berkley, MI: less expensive rent prices
- Huntington Woods, MI: more expensive rent prices
- Clawson, MI: less expensive rent prices
- Madison Heights, MI: less expensive rent prices
- Pleasant Ridge, MI: more expensive rent prices
- Oak Park, MI: less expensive rent prices
- Ferndale, MI: less expensive rent prices
- Lathrup Village, MI: more expensive rent prices
- Birmingham, MI: more expensive rent prices
- Hazel Park, MI: less expensive rent prices
Cities with Similar Populations
- La Crosse, WI: less expensive rent prices
- Griffin, GA: less expensive rent prices
- Albany, OR: less expensive rent prices
- Medina, OH: less expensive rent prices
- Wilson, NC: less expensive rent prices
- Sheboygan, WI: less expensive rent prices
- Hialeah Gardens, FL: more expensive rent prices
- Little Elm, TX: more expensive rent prices
- Smyrna, TN: more expensive rent prices
- Petersburg, VA: less expensive rent prices
All Local Stats
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