About 32% of Royal Oak households rent, roughly 9,300 homes out of 29,100.
| Population | 57,950 |
| Households that rent | 9,319 (32.0%) |
| Median gross rent | $1,381 per month |
| Rental vacancy rate | About 8% |
| Median home value | $328,700 |
| Median household income | $101,109 |
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 | $1,126 |
| 1 bedroom | $1,188 |
| 2 bedrooms | $1,463 |
| 3 bedrooms | $2,114 |
| 4 bedrooms | $2,082 |
These are median gross rents across all occupied rentals in Royal Oak, 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).
The City of Royal Oak requires rental property to be registered with the city before it is rented out.
- Registration: owners provide the owner’s name and address, the number of units and the number of parking spaces.
- Responsible party: every rental needs a designated responsible party located within 30 miles of the property.
- Inspections: the city can inspect rental properties to confirm they meet safety standards.
- Safety equipment: working smoke and carbon monoxide detectors and fire extinguishers are required.
- Penalties: the first and second violations carry civil fines, and a third violation is a misdemeanor. The rental registration may also be revoked.
Questions go to the Royal Oak Building Division at 248-246-3210.
Sources: City of Royal Oak, Rental Registration Guide; City of Royal Oak, rental information.
Most of Royal Oak is served by Royal Oak Schools. Some addresses fall in neighboring districts, so it is worth confirming the district before a home is advertised. Royal Oak addresses use ZIP codes 48067 and 48073.
We also manage rental homes and multi-family units in Pleasant Ridge, Huntington Woods, Madison Heights, Ferndale and Berkley. See every community we serve in Oakland County.
What is the average rent in Royal Oak, MI?
The median gross rent in Royal Oak is $1,381 per month, according to the Census Bureau’s 2020–2024 American Community Survey. Three-bedroom rentals have a median of $2,114.
Do I need to register my rental property in Royal Oak?
Yes. Royal Oak requires rental property to be registered with the city before it is rented out, and each rental needs a designated responsible party located within 30 miles of the property.
How often does Royal Oak inspect rental properties?
The City of Royal Oak can inspect registered rental properties to confirm they meet safety standards. The city’s rental guide does not state a fixed inspection interval, so the Building Division at 248-246-3210 is the place to confirm the schedule for a specific property.
How many homes in Royal Oak are rentals?
About 32% of occupied homes in Royal Oak are rented, roughly 9,300 households, according to the Census Bureau.
What types of Royal Oak properties do you manage?
We manage and lease single-family homes and multi-family units in Royal Oak and across Oakland County.
How do I find out what my Royal Oak home will rent for?
Request a free rental analysis and we will send you a rent estimate for your address.