Cheap Apartments for Rent in the Downtown Royal Oak Neighborhood of Royal Oak, MI from $800 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Royal Oak area of Royal Oak.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Legacy on Oakland
1 to 2 Bedroom Apartments

Legacy on Oakland

406 Oakland AveRoyal Oak, MI 48067

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Station 3 Lofts
1 to 2 Bedroom Apartments

Station 3 Lofts

333 E Parent AveRoyal Oak, MI 48067
  • Utilities Included
Showing Results 1-23, Page 1 of 1

Downtown Royal Oak, Royal Oak, MI Local Guide

Cheapest Available Downtown Royal Oak Apartments for Rent

 

The cheapest available apartment rental in the Downtown Royal Oak area of Detroit, MI is a Studio unit found at Center Street Place priced from $1,275. The Aldor has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable Downtown Royal Oak apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Center Street PlaceStudioStudio,1BA$1,275
The AldorThe Aldor - Studio w/ Juliet BalconyStudio,1BA$1,325
Metropolitan Lafayette Flats1 Bedroom 1 Bath1BR,1BA$1,395
330 Oakland Avenue2 Beds, 1 Baths2BR,1BA$1,400
Royal Oakland Apartments (Better Livin LLC)Royal Oakland - One Bedroom **Third Months Rent...1BR,1BA$1,750

Best Value Apartments for Rent in Downtown Royal Oak, MI

As of May 31, 2026 the best value apartment in the Downtown Royal Oak area is the $3.27 price per square foot 3 Bedroom, 3 Bathroom Model at Main Living Apartments in the in the Downtown Royal Oak neighborhood starting from $6,200. The second greatest value Downtown Royal Oak apartment is the Jefferson Model at The Griffin Royal Oak starting at $4,195 with a $2.74 price per square foot in the Downtown Royal Oak neighborhood. Here is today’s list of the best values for Downtown Royal Oak apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Main Living Apartments3 Bedroom, 3 Bathroom3BR,3BA$3.27
The Griffin Royal OakJefferson2BR,2.5BA$2.74
The HazeltonWashington2BR,2BA$3.23
ICON on Main - Royal Oak, MI2 Bed | 2 Bath2BR,2BA$3.14
Sixth Street LoftsOne Bedroom Loft w/Office1BR,1BA$1.80
330 Oakland Avenue2 Beds, 1 Baths2BR,1BA$2.00
Royal Oakland Apartments (Better Livin LLC)Royal Oakland - One Bedroom **Third Months Rent...1BR,1BA$2.50
Metropolitan Lafayette Flats1 Bedroom 1 Bath1BR,1BA$2.02
Center Street PlaceStudioStudio ,1BA$2.55
The AldorThe Aldor - Studio w/ Juliet BalconyStudio ,1BA$2.94

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Royal Oak, Royal Oak, MI

Ranked #7

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Royal Oak Apartments

What is a cheap apartment in Downtown Royal Oak?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Royal Oak is under $3,425.

What is the price of a cheap apartment in Downtown Royal Oak?

The cheapest apartment in Downtown Royal Oak is Center Street Place which is listed at $1,350, while the average apartment in Downtown Royal Oak costs $6,200.

What types of apartments are the cheapest in Downtown Royal Oak?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Downtown Royal Oak that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Royal Oak?

Cheap apartments in Downtown Royal Oak have an average cost of $472 which is $5,728 cheaper than the average rent for all rentals in Downtown Royal Oak.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

Written by: Tim Brown

Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

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The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.

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Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

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The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.