57 Apartments under 700 for rent in Royal Oak, MI

Last updated September 26 at 3:52AM
Results within 5 miles of Royal Oak, MI
653 Whitmore Rd
Palmer Park
Detroit, MI
Updated September 26 at 3:12AM
1 Bedroom
$550
15869 Cherrylawn St
Harmony Village
Detroit, MI
Updated September 1 at 9:19AM
2 Bedrooms
$625
16866 STAHELIN Avenue
Rosedale Park
Detroit, MI
Updated September 25 at 2:03AM
2 Bedrooms
$500
15373 Greenfield Rd
Cerveny
Detroit, MI
Updated September 26 at 1:34AM
2 Bedrooms
$650
730 Whitmore Rd
Palmer Park
Detroit, MI
Updated September 24 at 9:59AM
1 Bedroom
$525
17181 Wisconsin St
Bagley
Detroit, MI
Updated September 26 at 3:50AM
2 Bedrooms
$550
2200 Pasadena St Lowr
Durfee
Detroit, MI
Updated September 26 at 3:47AM
3 Bedrooms
$650
17158 GREENLAWN Street
Bagley
Detroit, MI
Updated September 21 at 12:46PM
2 Bedrooms
$665
59 Florence St.
Highland Park
Highland Park, MI
Updated September 26 at 3:45AM
3 Bedrooms
$595
19455 Trinity St
Evergreen
Detroit, MI
Updated September 26 at 3:45AM
2 Bedrooms
$600
19414 Ryan Rd
Pershing
Detroit, MI
Updated September 26 at 3:45AM
2 Bedrooms
$675
20146 Gallagher St
Pershing
Detroit, MI
Updated September 26 at 3:52AM
3 Bedrooms
$650
980 Whitmore Rd
Palmer Park
Detroit, MI
Updated September 26 at 3:19AM
1 Bedroom
$650
1155 W McNichols Rd
Highland Park
Highland Park, MI
Updated September 26 at 3:18AM
1 Bedroom
$550
18911 Oakfield St
Greenfield
Detroit, MI
Updated September 26 at 3:43AM
3 Bedrooms
$675
Pasadena Ave
Winterhalter
Detroit, MI
Updated September 26 at 3:04AM
1 Bedroom
$600
18040 Fenelon St
Pershing
Detroit, MI
Updated September 26 at 3:41AM
3 Bedrooms
$650
Indiana St
Bagley
Detroit, MI
Updated September 26 at 3:04AM
2 Bedrooms
$550
2026 Kendall St
Durfee
Detroit, MI
Updated September 26 at 3:47AM
2 Bedrooms
$550
19041 Bentler St
Evergreen
Detroit, MI
Updated September 26 at 1:38AM
1 Bedroom
$525
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Rent Report
Royal Oak

September 2017 Royal Oak Rent Report

Welcome to the September 2017 Royal Oak Rent Report. In this report, we'll evaluate trends in the Royal Oak rental market, including comparisons to cities throughout the metro and nation.

Royal Oak rents declined marginally over the past month

Royal Oak rents have declined 0.2% over the past month, but have increased moderately by 3.7% 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 2.5%, as well as the national average of 3.0%.

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.

  • Dearborn has the most expensive rents in the Detroit metro, with a two-bedroom median of $1,340; the city has also seen rent growth of 7.1% over the past year, the fastest in the metro.
  • Over the past month, Taylor has seen the biggest rent drop in the metro, with a decline of 0.3%. Median two-bedrooms there cost $890, while one-bedrooms go for $680.
  • Detroit proper has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents increased 0.2% over the past month and 2.0% over the past year.

Royal Oak rents more affordable than many large cities nationwide

As rents have increased in Royal Oak, a few large cities nationwide have seen also rents grow more modestly. Royal Oak is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, with Michigan as a whole logging rent growth of 2.5% over the past year.
  • Royal Oak's median two-bedroom rent of $1,080 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.7% increase in Royal Oak.
  • While Royal Oak's rents rose over the past year, many cities nationwide also saw increases, many cities nationwide also saw increases, including Fresno (+6.3%), Las Vegas (+5.2%), and Charlotte (+3.9%).
  • Renters will find more reasonable prices in Royal Oak than most large cities. For example, Chicago has a median 2BR rent of $1,290.

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% 2.0%
Warren $720 $940 1.7% 2.8%
Sterling Heights $810 $1,060 0.7% 3.6%
Dearborn $1,030 $1,340 0.8% 7.1%
Westland $730 $950 0.1% 2.5%
Troy $980 $1,280 0.0% 2.7%
Southfield $890 $1,160 -0.1% 1.4%
Taylor $680 $890 -0.3% 0.7%
Pontiac $720 $930 0.0% 3.3%
Royal Oak $830 $1,080 -0.2% 3.7%
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.