Rent in Oak Park, MI
A 2-bedroom in Oak Park, MI (ZIP 48237) typically rents for about $1,566 a month, with a range of $1,412–$1,720. Owner-occupied homes in Oakland County pay about 1.27% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,004 | $778–$1,230 | 1 |
| 1 bed | $1,204 | $1,027–$1,380 | 1 |
| 2 beds | $1,566 | $1,412–$1,720 | 1 |
| 3 beds | $1,913 | $1,735–$2,090 | 1 |
| 4 beds | $2,180 | $2,090–$2,270 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).
Oak Park ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Oak Park, MI?
- About $1,566 a month: the median of the typical rents in 1 ZIP code, which range from $1,412–$1,720. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Oak Park, MI?
- About $1,204 a month: the median of the typical rents in 1 ZIP code, which range from $1,027–$1,380. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Oak Park, MI?
- About $1,913 a month: the median of the typical rents in 1 ZIP code, which range from $1,735–$2,090. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Oak Park, MI?
- About $1,004 a month: the median of the typical rents in 1 ZIP code, which range from $778–$1,230. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Oak Park, MI?
- About $2,180 a month: the median of the typical rents in 1 ZIP code, which range from $2,090–$2,270. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Oak Park, MI?
- Owner-occupied homes in Oakland County pay a typical 1.27% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Oak Park rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).