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107 Studio Apartments for rent in Royal Oak, MI

Last updated January 19 at 10:56am UTC
Hillary Manor
Royal Oak
Royal Oak, MI
Updated January 19 at 10:55am UTC
Studio
$695
32044 WOODWARD Avenue
Royal Oak
Royal Oak, MI
Updated January 19 at 9:16am UTC
Studio
$5,900
307 Park
Royal Oak
Royal Oak, MI
Updated January 19 at 9:16am UTC
Studio
$1,475
830 E 4TH Street
Royal Oak
Royal Oak, MI
Updated January 19 at 9:16am UTC
Studio
$1,450
Results within 1 miles of Royal Oak, MI
300 E 12 Mile
Madison Heights
Madison Heights, MI
Updated January 19 at 9:16am UTC
Studio
$1,100
16291 W FOURTEEN MILE Road
Franklin
Beverly Hills, MI
Updated January 19 at 9:16am UTC
Studio
$520
Results within 5 miles of Royal Oak, MI
1616 West Marshall St
Ferndale
Ferndale, MI
Updated January 19 at 10:56am UTC
Studio
$1,500
920 E Long Lake
Rochester Road
Troy, MI
Updated January 19 at 9:16am UTC
Studio
$3,322
2408 E 7 Mile
State Fair-Nolan
Detroit, MI
Updated January 19 at 9:16am UTC
Studio
$1,080
1910 LARCHWOOD Drive
The Smart Zone
Troy, MI
Updated January 19 at 9:16am UTC
Studio
$1,499
397 W Marshall
Ferndale
Ferndale, MI
Updated January 19 at 9:16am UTC
Studio
$1,500
141 W 13 Mile
Madison Heights
Madison Heights, MI
Updated January 19 at 9:16am UTC
Studio
$1,300
24333 Southfield Road
Southfield
Southfield, MI
Updated January 19 at 9:16am UTC
Studio
$500
17200 W TEN MILE Road
Southfield
Southfield, MI
Updated January 19 at 9:16am UTC
Studio
$600
24800 Warner #103
Southwest Warren
Warren, MI
Updated January 19 at 9:16am UTC
Studio
$400
3700 8 Mile
Pershing
Detroit, MI
Updated January 19 at 9:16am UTC
Studio
$867
28157 Dequindre Road
Madison Heights
Madison Heights, MI
Updated January 19 at 9:16am UTC
Studio
$1,500
2039 E 7 MILE Road
State Fair-Nolan
Detroit, MI
Updated January 19 at 9:16am UTC
Studio
$1,200
29245 Ryan
Northwest Warren
Warren, MI
Updated January 19 at 9:16am UTC
Studio
$2,950
2101-2195 17 Mile
Sterling Heights
Sterling Heights, MI
Updated January 19 at 9:16am UTC
Studio
$1,612
21580 GREENFIELD
Oak Park
Oak Park, MI
Updated January 19 at 9:16am UTC
Studio
$2,044
15100 2ND Avenue
Highland Park
Highland Park, MI
Updated January 19 at 9:16am UTC
Studio
$7,000
34781 RYAN Road
Sterling Heights
Sterling Heights, MI
Updated January 19 at 9:16am UTC
Studio
$3,800
399 W Marshall
Ferndale
Ferndale, MI
Updated January 19 at 9:16am UTC
Studio
$1,700

January 2019 Royal Oak Rent Report

Welcome to the January 2019 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

January 2019 Royal Oak Rent Report

Welcome to the January 2019 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 0.2% over the past month, and are up marginally by 0.5% 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. This is the third straight month that the city has seen rent increases after a decline in September. Royal Oak's year-over-year rent growth lags the state average of 0.6%, as well as the national average of 0.9%.

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, 9 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 $1,350; the city has also seen rent growth of 4.4% over the past year, the fastest in the metro.
  • Over the past month, Troy has seen the biggest rent drop in the metro, with a decline of 2.2%. Median two-bedrooms there cost $1,300, while one-bedrooms go for $1,000.
  • Taylor has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents rose 0.4% over the past month but remained flat year-over-year.

Royal Oak rents more affordable than many large cities nationwide

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

  • Rents increased marginally in other cities across the state, with Michigan as a whole logging rent growth of 0.6% over the past year. For example, rents have grown by 1.2% in Lansing and 0.2% in Grand Rapids.
  • Royal Oak's median two-bedroom rent of $1,080 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 0.5% rise in Royal Oak.
  • While Royal Oak's rents rose marginally over the past year, the city of Baltimore saw a decrease of 0.8%.
  • 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 $690 $900 0.1% 1.2%
Warren $790 $1,020 0.7% 3.2%
Sterling Heights $830 $1,080 0.3% 2.0%
Dearborn $1,040 $1,350 1.7% 4.4%
Livonia $930 $1,210 -1.5% 1.5%
Westland $740 $970 0.0% 1.5%
Troy $1,000 $1,300 -2.2% -0.3%
Southfield $900 $1,180 0.1% 1.7%
Taylor $680 $890 0.4% 0.3%
Pontiac $730 $940 -0.1% 1.0%
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.