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179 2 Bedroom Apartments for rent in Oak Park, MI

Last updated May 22 at 3:43am UTC
10000 W Nine Mile Rd
Oak Park
Oak Park, MI
Updated May 20 at 10:54am UTC
2 Bedrooms
$950
Results within 1 miles of Oak Park, MI
23299 GRAYSON Drive
Southfield Downtown
Southfield, MI
Updated May 22 at 3:42am UTC
2 Bedrooms
$1,350
1105 S MAIN Street
Downtown Royal Oak
Royal Oak, MI
Updated May 19 at 8:41am UTC
2 Bedrooms
$2,800
2482 Kipling Ave Lowr
Berkley
Berkley, MI
Updated May 14 at 11:21am UTC
2 Bedrooms
$995
20276 SCHAEFER Highway
Pembroke
Detroit, MI
Updated May 5 at 1:42pm UTC
2 Bedrooms
$700
304 PINECREST
Ferndale
Ferndale, MI
Updated May 4 at 7:50am UTC
2 Bedrooms
$1,095
16400 N Park Dr Apt 414
Southfield Downtown
Southfield, MI
Updated April 27 at 10:13am UTC
2 Bedrooms
$1,095
Results within 5 miles of Oak Park, MI
16516 Cheyenne Unit B
Harmony Village
Detroit, MI
Updated May 22 at 3:43am UTC
2 Bedrooms
$650
600 W BROWN Street
Downtown Birmingham
Birmingham, MI
Updated May 22 at 3:42am UTC
2 Bedrooms
$3,000
912 E LINCOLN Avenue
Downtown Royal Oak
Royal Oak, MI
Updated May 22 at 3:41am UTC
2 Bedrooms
$1,775
920 E LINCOLN
Downtown Royal Oak
Royal Oak, MI
Updated May 22 at 3:41am UTC
2 Bedrooms
$1,650
12175 Northlawn St
Mackenzie
Detroit, MI
Updated May 21 at 11:08am UTC
2 Bedrooms
$700
22132 Dante St
Oak Park
Oak Park, MI
Updated May 17 at 10:17am UTC
2 Bedrooms
$850
Kenosha Ave
Oak Park
Oak Park, MI
Updated May 14 at 7:42am UTC
2 Bedrooms
$1,000
18532 Hawthorne St
State Fair-Nolan
Highland Park, MI
Updated May 21 at 11:09am UTC
2 Bedrooms
$600
20052 Glastonbury
Evergreen
Detroit, MI
Updated May 21 at 11:12am UTC
2 Bedrooms
$750
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May 2018 Oak Park Rent Report

Welcome to the May 2018 Oak Park Rent Report. Oak Park rents declined over the past month. In this report, we'll evaluate trends in the Oak Park rental market, including comparisons to cities throughout the metro, state, and nation.

View full Oak Park Rent Report
Rent Report
Oak Park

May 2018 Oak Park Rent Report

Welcome to the May 2018 Oak Park Rent Report. Oak Park rents declined over the past month. In this report, we'll evaluate trends in the Oak Park rental market, including comparisons to cities throughout the metro, state, and nation.

Oak Park rents declined over the past month

Oak Park rents have declined 0.1% over the past month, but have increased slightly by 1.1% in comparison to the same time last year. Currently, median rents in Oak Park stand at $970 for a one-bedroom apartment and $1,260 for a two-bedroom. Oak Park's year-over-year rent growth lags the state and national averages, which both stand at 1.5%.

Rents rising across the Detroit Metro

Throughout the past year, rent increases have been occurring not just in the city of Oak Park, but across the entire metro. Of the largest 10 cities that we have data for in the Detroit metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Taylor has seen rents fall by 0.5% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Detroit metro, with a two-bedroom median of $880.
  • Warren has seen the fastest rent growth in the metro, with a year-over-year increase of 7.8%. The median two-bedroom there costs $980, while one-bedrooms go for $760.
  • Troy has the most expensive rents of the largest cities in the Detroit metro, with a two-bedroom median of $1,300; rents rose 1.9% over the past year but remained flat month-over-month.

Oak Park rents more affordable than many large cities nationwide

As rents have increased slightly in Oak Park, large cities nationwide have seen rents grow more quickly. Oak Park is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Michigan as a whole logging rent growth of 1.5% over the past year. For example, rents have grown by 2.8% in Grand Rapids and 1.9% in Lansing.
  • Oak Park's median two-bedroom rent of $1,260 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.1% increase in Oak Park.
  • While Oak Park's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Las Vegas (+4.6%), Fresno (+3.2%), and Charlotte (+1.9%).
  • Renters will find more reasonable prices in Oak Park than most large cities. For example, Chicago has a median 2BR rent of $1,260.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Detroit $680 $890 0.2% 0.8%
Warren $760 $980 0.5% 7.8%
Sterling Heights $810 $1,060 0.2% 1.1%
Dearborn $980 $1,280 -0.2% 2.4%
Livonia $920 $1,200 0.7% 1.5%
Westland $740 $960 0.3% 1.5%
Troy $1,000 $1,300 0.0% 1.9%
Southfield $890 $1,160 0.3% 1.1%
Taylor $680 $880 0.1% -0.5%
Pontiac $730 $950 -0.0% 1.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.