82 Apartments under 700 for rent in Oak Park, MI

Last updated August 15 at 6:29pm UTC
Results within 5 miles of Oak Park, MI
24333 Southfield Road
Southfield
Southfield, MI
Updated August 15 at 6:29pm UTC
Studio
$500
2820 W MAPLE Road
The Transit Center
Troy, MI
Updated August 15 at 6:28pm UTC
Studio
$350
16516 Cheyenne Unit B
Harmony Village
Detroit, MI
Updated August 13 at 10:04am UTC
2 Bedrooms
$650
13505 Ward
Mackenzie
Detroit, MI
Updated August 9 at 9:49am UTC
2 Bedrooms
$650
15386 Cloverlawn 1
Harmony Village
Detroit, MI
Updated August 8 at 9:52am UTC
2 Bedrooms
$525
12951 Ashton
Brightmoor
Detroit, MI
Updated August 8 at 9:46am UTC
2 Bedrooms
$500
1989 Pasadena St Uppr
Durfee
Detroit, MI
Updated August 7 at 10:13am UTC
2 Bedrooms
$600
12610 Santa Rosa Dr
Winterhalter
Detroit, MI
Updated August 2 at 9:40am UTC
2 Bedrooms
$500
15439 Marlowe St
Cerveny
Detroit, MI
Updated August 1 at 10:41am UTC
2 Bedrooms
$500
17194 Wisconsin St Uppr
Bagley
Detroit, MI
Updated July 31 at 9:37am UTC
2 Bedrooms
$650
16721 Greenfield Rd
Cerveny
Detroit, MI
Updated July 24 at 1:13pm UTC
1 Bedroom
$600
980 Whitmore Rd
Palmer Park
Highland Park, MI
Updated August 15 at 5:24pm UTC
1 Bedroom
$600
19041 Bentler St
Evergreen
Detroit, MI
Updated August 15 at 5:24pm UTC
1 Bedroom
$525
16620 Greenfield Rd
Cerveny
Detroit, MI
Updated August 15 at 5:19pm UTC
1 Bedroom
$575
15373 Greenfield Rd
Cerveny
Detroit, MI
Updated August 15 at 5:18pm UTC
1 Bedroom
$550
381 Covington Dr
Palmer Park
Highland Park, MI
Updated August 15 at 5:18pm UTC
1 Bedroom
$525
300 Whitmore Rd
Palmer Park
Highland Park, MI
Updated August 15 at 5:18pm UTC
1 Bedroom
$545
711 Covington Dr
Palmer Park
Highland Park, MI
Updated August 15 at 5:18pm UTC
2 Bedrooms
$645
13543 Stahelin Rd
Brightmoor
Detroit, MI
Updated August 14 at 9:30am UTC
2 Bedrooms
$650
15097 Greenfield Rd
Cerveny
Detroit, MI
Updated August 13 at 9:17am UTC
1 Bedroom
$600
17593 Santa Rosa Dr
Bagley
Detroit, MI
Updated August 13 at 1:22am UTC
1 Bedroom
$650
14260 Roselawn St
Winterhalter
Detroit, MI
Updated August 2 at 9:46am UTC
3 Bedrooms
$650
3783 Tyler, 2W
Winterhalter
Detroit, MI
Updated August 1 at 10:47am UTC
1 Bedroom
$500
Washburn
Harmony Village
Detroit, MI
Updated August 3 at 7:22am UTC
3 Bedrooms
$695

August 2018 Oak Park Rent Report

Welcome to the August 2018 Oak Park Rent Report. Oak Park rents increased 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

August 2018 Oak Park Rent Report

Welcome to the August 2018 Oak Park Rent Report. Oak Park rents increased 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 increased slightly over the past month

Oak Park rents have increased 0.2% over the past month, but have remained steady 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. Oak Park's year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.2%.

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 seen rents fall by 1.4% 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 8.7%. The median two-bedroom there costs $1,000, while one-bedrooms go for $770.
  • Dearborn has the most expensive rents of the largest cities in the Detroit metro, with a two-bedroom median of $1,310; rents increased 0.6% over the past month and 1.6% 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 slightly increase, with Michigan as a whole logging rent growth of 1.3% over the past year. For example, rents have grown by 1.9% in Grand Rapids and 1.6% in Lansing.
  • Oak Park's median two-bedroom rent of $1,250 is above the national average of $1,180. Nationwide, rents have grown by 1.2% 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 (+4.3%), Fresno (+1.9%), Charlotte (+1.5%); note that median 2BR rents in these cities go for $1,140, $1,030, and $1,120 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% 0.9%
Warren $770 $1,000 -0.9% 8.7%
Sterling Heights $820 $1,070 -0.1% 2.1%
Dearborn $1,010 $1,310 0.6% 1.6%
Livonia $940 $1,220 -0.1% 2.8%
Westland $740 $960 -0.2% 1.6%
Troy $1,010 $1,310 0.7% 0.9%
Southfield $900 $1,170 0.1% 1.1%
Taylor $680 $880 -0.8% -1.4%
Pontiac $720 $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.