81 Apartments under 700 for rent in Oak Park, MI

Last updated June 24 at 10:52am UTC
Results within 1 miles of Oak Park, MI
17200 W TEN MILE Road
Southfield
Southfield, MI
Updated May 31 at 6:01am UTC
Studio
$450
Results within 5 miles of Oak Park, MI
24333 Southfield Road
Southfield
Southfield, MI
Updated June 24 at 10:52am UTC
Studio
$500
2820 W MAPLE Road
The Transit Center
Troy, MI
Updated June 24 at 10:50am UTC
Studio
$350
1155 W McNichols Rd
Highland Park
Highland Park, MI
Updated June 24 at 9:35am UTC
1 Bedroom
$550
15373 Greenfield Rd
Cerveny
Detroit, MI
Updated June 24 at 9:17am UTC
1 Bedroom
$550
12890 Outer Dr W
Brightmoor
Detroit, MI
Updated June 24 at 9:16am UTC
1 Bedroom
$615
300 Whitmore Rd
Palmer Park
Detroit, MI
Updated June 24 at 9:16am UTC
1 Bedroom
$545
711 Covington Dr
Palmer Park
Detroit, MI
Updated June 24 at 9:16am UTC
2 Bedrooms
$645
980 Whitmore Rd
Palmer Park
Highland Park, MI
Updated June 23 at 5:27pm UTC
1 Bedroom
$600
15373 Greenfield Rd
Cerveny
Detroit, MI
Updated June 23 at 5:26pm UTC
2 Bedrooms
$650
12951 Ashton
Brightmoor
Detroit, MI
Updated June 22 at 10:21am UTC
2 Bedrooms
$500
13505 Ward
Mackenzie
Detroit, MI
Updated June 20 at 10:39am UTC
2 Bedrooms
$650
19465 Greenlawn
Pembroke
Detroit, MI
Updated June 20 at 10:38am UTC
2 Bedrooms
$695
701 Covington Dr
Palmer Park
Detroit, MI
Updated June 19 at 5:41pm UTC
1 Bedroom
$545
3315 N CAMPBELL Road
Royal Oak
Royal Oak, MI
Updated June 14 at 10:35pm UTC
Studio
$600
250 W Golden Gate
State Fair-Nolan
Highland Park, MI
Updated June 7 at 11:05am UTC
2 Bedrooms
$600
16516 Cheyenne Unit B
Harmony Village
Detroit, MI
Updated June 5 at 3:34am UTC
2 Bedrooms
$650
200 W Marshall St
Ferndale
Ferndale, MI
Updated June 4 at 12:04pm UTC
1 Bedroom
$695
20415 W 7 Mile Rd Apt 104
Evergreen
Detroit, MI
Updated June 24 at 10:07am UTC
1 Bedroom
$650
19041 Bentler St
Evergreen
Detroit, MI
Updated June 23 at 5:26pm UTC
1 Bedroom
$525
Trinity Street
Evergreen
Detroit, MI
Updated June 19 at 7:25am UTC
2 Bedrooms
$675
19131 Lahser Rd
Berg - Lasher
Detroit, MI
Updated June 9 at 1:40am UTC
1 Bedroom
$550
15325 Snowden St Lowr Unit
Harmony Village
Detroit, MI
Updated June 1 at 11:07am UTC
2 Bedrooms
$600
13531 Greenview Rd
Brightmoor
Detroit, MI
Updated May 30 at 10:48am UTC
2 Bedrooms
$600

June 2018 Oak Park Rent Report

Welcome to the June 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

June 2018 Oak Park Rent Report

Welcome to the June 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 decline sharply over the past month

Oak Park rents have declined 0.8% over the past month, but have been relatively flat at 0.2% in comparison to the same time last year. Currently, median rents in Oak Park stand at $960 for a one-bedroom apartment and $1,250 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in March. 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

While rents have remained steady in the city of Oak Park throughout the past year, cities across the metro have seen a different trend. Rents have risen in 9 of of the largest 10 cities in the Detroit metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Taylor has the least expensive rents in the Detroit metro, with a two-bedroom median of $880; the city has also seen rents fall by 0.8% over the past year, the biggest drop in the metro.
  • Warren has seen the fastest rent growth in the metro, with a year-over-year increase of 8.5%. The median two-bedroom there costs $1,000, while one-bedrooms go for $770.
  • Troy has the most expensive rents of the largest cities in the Detroit metro, with a two-bedroom median of $1,300; rents fell 0.1% over the past month but rose 1.1% over the past year.

Oak Park rents more affordable than many large cities nationwide

Rent growth in Oak Park has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Oak Park is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents moderately increase, with Michigan as a whole logging rent growth of 1.5% over the past year. For example, rents have grown by 2.7% in Grand Rapids and 2.0% in Lansing.
  • Oak Park's median two-bedroom rent of $1,250 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the stagnant growth in Oak Park.
  • While rents in Oak Park remained moderately stable this year, similar cities saw increases, including Las Vegas (+4.9%), Fresno (+2.9%), and Charlotte (+1.6%); note that median 2BR rents in these cities go for $1,130, $1,020, and $1,110 respectively.
  • Renters will find more reasonable prices in Oak Park than most large cities. For example, Chicago has a median 2BR rent of $1,270.

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 $690 $890 0.3% 1.0%
Warren $770 $1,000 1.2% 8.5%
Sterling Heights $820 $1,070 0.7% 1.8%
Dearborn $990 $1,290 1.0% 1.5%
Livonia $940 $1,220 1.4% 2.7%
Westland $740 $960 0.4% 1.3%
Troy $1,000 $1,300 -0.1% 1.1%
Southfield $900 $1,170 0.2% 0.9%
Taylor $680 $880 0.4% -0.8%
Pontiac $730 $940 -0.2% 1.1%
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.