182 Apartments under 700 for rent in Royal Oak, MI

Last updated November 19 at 10:14am UTC
Results within 1 miles of Royal Oak, MI
2820 W MAPLE Road
The Transit Center
Troy, MI
Updated November 19 at 9:49am UTC
Studio
$600
Results within 5 miles of Royal Oak, MI
19370 Orleans St
State Fair-Nolan
Highland Park, MI
Updated November 10 at 2:27pm UTC
2 Bedrooms
$625
7542 Meadow Ave
Southwest Warren
Warren, MI
Updated November 16 at 12:30pm UTC
2 Bedrooms
$650
7260 Cadillac Ave
Southwest Warren
Warren, MI
Updated November 18 at 11:28am UTC
2 Bedrooms
$650
11642 Broadstreet Ave
Winterhalter
Detroit, MI
Updated November 16 at 12:19pm UTC
3 Bedrooms
$600
12211 Stoepel St Apt 2
Winterhalter
Detroit, MI
Updated October 27 at 10:46am UTC
2 Bedrooms
$550
4113 Midland St
Mcnichols
Detroit, MI
Updated November 16 at 12:25pm UTC
1 Bedroom
$500
13957 ROSELAWN Street
Mackenzie
Detroit, MI
Updated November 8 at 1:43am UTC
2 Bedrooms
$600
15493 INDIANA Street
Harmony Village
Detroit, MI
Updated November 7 at 9:30am UTC
3 Bedrooms
$600
730 Whitmore Rd
Palmer Park
Detroit, MI
Updated November 16 at 12:25pm UTC
1 Bedroom
$525
13640 Northlawn St
Mackenzie
Detroit, MI
Updated November 18 at 11:20am UTC
2 Bedrooms
$600
16721 Greenfield Rd
Cerveny
Detroit, MI
Updated November 16 at 12:01pm UTC
1 Bedroom
$550
2746 Ewald Cir
Winterhalter
Detroit, MI
Updated September 26 at 3:46am UTC
2 Bedrooms
$650
2690 W BOSTON Boulevard
Durfee
Detroit, MI
Updated August 15 at 4:57am UTC
Studio
$450
1630 E State Fair
State Fair-Nolan
Detroit, MI
Updated November 15 at 11:33am UTC
1 Bedroom
$475
15373 Greenfield Rd
Cerveny
Detroit, MI
Updated November 3 at 7:03pm UTC
2 Bedrooms
$650
15373 Greenfield Rd
Cerveny
Detroit, MI
Updated November 19 at 10:14am UTC
1 Bedroom
$550
Prairie St
Winterhalter
Detroit, MI
Updated November 2 at 7:47am UTC
1 Bedroom
$450
Lahser Rd
Evergreen
Detroit, MI
Updated November 16 at 8:49am UTC
2 Bedrooms
$600
Pasadena Ave
Winterhalter
Detroit, MI
Updated November 2 at 7:47am UTC
1 Bedroom
$600
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November 2017 Royal Oak Rent Report

Welcome to the November 2017 Royal Oak Rent Report. Royal Oak rents increased over the past month. In this report, we'll evaluate trends in the Royal Oak rental market, including comparisons to cities throughout the metro, state, and nation.

View full Royal Oak Rent Report
Rent Report
Royal Oak

November 2017 Royal Oak Rent Report

Welcome to the November 2017 Royal Oak Rent Report. Royal Oak rents increased over the past month. In this report, we'll evaluate trends in the Royal Oak rental market, including comparisons to cities throughout the metro, state, and nation.

Royal Oak rents increased slightly over the past month

Royal Oak rents have increased 0.3% over the past month, and are up moderately by 3.4% in comparison to the same time last year. Currently, median rents in Royal Oak stand at $830 for a one-bedroom apartment and $1,080 for a two-bedroom. Royal Oak's year-over-year rent growth leads the state average of 2.4%, as well as the national average of 2.7%.

Rents rising across the Detroit Metro

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

  • Warren has seen the fastest rent growth in the metro, with a year-over-year increase of 7.7%. The median two-bedroom there costs $980, while one-bedrooms go for $750.
  • Over the past month, Sterling Heights has seen the biggest rent drop in the metro, with a decline of 0.5%. Median two-bedrooms there cost $1,050, while one-bedrooms go for $810.
  • Detroit proper has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents decreased 0.2% over the past month but were up 1.4% over the past year.
  • Dearborn has the most expensive rents of the largest cities in the Detroit metro, with a two-bedroom median of $1,340; rents were up 0.1% over the past month and 5.9% over the past year.

Royal Oak rents more affordable than many large cities nationwide

As rents have increased moderately in Royal Oak, a few large cities nationwide have also seen rents grow modestly. Royal Oak 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 2.4% over the past year. For example, rents have grown by 2.4% in Lansing and 1.7% in Grand Rapids.
  • Royal Oak's median two-bedroom rent of $1,080 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.4% rise in Royal Oak.
  • While Royal Oak's rents rose moderately over the past year, many cities nationwide also saw increases, including Fresno (+6.1%), Las Vegas (+4.8%), and Charlotte (+3.0%).
  • Renters will find more reasonable prices in Royal Oak 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 $680 $890 -0.2% 1.4%
Warren $750 $980 2.4% 7.7%
Sterling Heights $810 $1,050 -0.5% 2.2%
Dearborn $1,030 $1,340 0.1% 5.9%
Westland $730 $950 0.1% 2.7%
Troy $980 $1,280 -0.3% 2.4%
Southfield $890 $1,160 0.1% 0.8%
Taylor $680 $890 -0.1% 0.2%
Pontiac $720 $940 0.0% 3.6%
Royal Oak $830 $1,080 0.3% 3.4%
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.