About 37% of Oak Park households rent, roughly 4,600 homes out of 12,500.
| Population | 29,318 |
| Households that rent | 4,571 (36.7%) |
| Median gross rent | $1,396 per month |
| Rental vacancy rate | About 8% |
| Median home value | $212,300 |
| Median household income | $71,510 |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (tables B01003, B25003, B25064, B25077, B19013). The vacancy rate is calculated from table B25004 and is approximate.
| Studio | $778 |
| 1 bedroom | $1,027 |
| 2 bedrooms | $1,412 |
| 3 bedrooms | $1,735 |
These are median gross rents across all occupied rentals in Oak Park, including long-standing leases, and they include utilities paid by the tenant. A home coming to market today may be priced differently. A free rental analysis gives you a figure for your specific address.
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table B25031 (median gross rent by bedrooms).
Oak Park has two requirements for owners of single-family or two-family homes that will be rented: landlord registration under section 18-166 of the city code, and inspection of the rental unit under section 18-181.
- Registration cycle: property registration and inspection are required once every two years or at a change in occupancy, along with landlord registration.
- Before leasing: the landlord schedules the rental inspection with the city before leasing, renting or advertising the home.
- Certificate of Compliance: issued when the inspection is completed with no violations. The home may not be occupied without a valid certificate.
- Changes: the city’s Municipal Services Department must be told about changes in occupancy, re-letting, and buying or selling a rental.
Questions go to the City of Oak Park at 248-691-7450.
Source: City of Oak Park, Residential Rental Property Registration form.
Most of Oak Park is served by Oak Park Schools. Some addresses fall in neighboring districts, so it is worth confirming the district before a home is advertised. Oak Park addresses use ZIP code 48237.
We also manage rental homes and multi-family units in Royal Oak Township, Huntington Woods, Pleasant Ridge, Southfield and Ferndale. See every community we serve in Oakland County.
What is the average rent in Oak Park, MI?
The median gross rent in Oak Park is $1,396 per month, according to the Census Bureau’s 2020–2024 American Community Survey. Three-bedroom rentals have a median of $1,735.
Do I need to register my rental property in Oak Park?
Yes. Oak Park requires landlord registration and an inspection for single-family and two-family rentals, and the home may not be occupied without a valid Certificate of Compliance.
How often does Oak Park inspect rental properties?
Once every two years, or whenever there is a change in occupancy.
How many homes in Oak Park are rentals?
About 37% of occupied homes in Oak Park are rented, roughly 4,600 households, according to the Census Bureau.
What types of Oak Park properties do you manage?
We manage and lease single-family homes and multi-family units in Oak Park and across Oakland County.
How do I find out what my Oak Park home will rent for?
Request a free rental analysis and we will send you a rent estimate for your address.