Rent in Royal Oak, MI
Across Royal Oak's 3 ZIP codes, a 2-bedroom typically rents for about $1,630 a month, with figures from $1,423–$1,810. The highest typical rent is in 48067 ($1,712) and the lowest in 48073 ($1,567). 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 | $1,173 | $1,047–$1,300 | 3 |
| 1 bed | $1,300 | $1,113–$1,450 | 3 |
| 2 beds | $1,630 | $1,423–$1,810 | 3 |
| 3 beds | $2,080 | $1,777–$2,200 | 3 |
| 4 beds | $2,260 | $1,929–$2,390 | 3 |
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), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Royal Oak ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Royal Oak, MI?
- About $1,630 a month: the median of the typical rents in 3 ZIP codes, which range from $1,423–$1,810. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Royal Oak, MI?
- About $1,300 a month: the median of the typical rents in 3 ZIP codes, which range from $1,113–$1,450. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Royal Oak, MI?
- About $2,080 a month: the median of the typical rents in 3 ZIP codes, which range from $1,777–$2,200. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Royal Oak, MI?
- About $1,173 a month: the median of the typical rents in 3 ZIP codes, which range from $1,047–$1,300. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Royal Oak, MI?
- About $2,260 a month: the median of the typical rents in 3 ZIP codes, which range from $1,929–$2,390. Figures are gross rent (rent plus tenant-paid utilities).
- Which Royal Oak ZIP code has the highest rent?
- For a 2-bedroom, 48067 has the highest typical rent at $1,712 a month, and 48073 the lowest at $1,567.
- What is the property tax rate in Royal Oak, 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 Royal Oak rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).