Cheap Apartments for Rent in the Downtown Royal Oak Neighborhood of Royal Oak, MI from $895 (25 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Legacy on Oakland
1 to 2 Bedroom Apartments

Legacy on Oakland

406 Oakland AveRoyal Oak, MI 48067
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Station 3 Lofts
1 to 2 Bedroom Apartments

Station 3 Lofts

333 E Parent AveRoyal Oak, MI 48067
  • Utilities Included

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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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 The Aldor priced from $1,199. 330 Oakland Avenue has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here are the most affordable Downtown Royal Oak apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
The AldorThe Aldor - Studio (11)Studio,1BA$1,199
330 Oakland Avenue2 Beds, 1 Baths2BR,1BA$1,400
Sixth Street LoftsSixth Street Lofts - 1 Bedroom Loft1BR,1BA$1,725
Downtown Royal Oak118-1202BR,1BA$1,895
Elevate Luxury LivingThe Hudson On Main1BR,1BA$2,095

Best Value Apartments for Rent in Downtown Royal Oak, MI

As of August 31, 2026 the best value apartment in the Downtown Royal Oak area is the $2.91 price per square foot 3 Bedroom, 2 Bathroom Model at Main Living Apartments in the in the Downtown Royal Oak neighborhood starting from $5,999. The second greatest value Downtown Royal Oak apartment is the 2 Bed | 2 Bath - Furnished Model at ICON on Main - Royal Oak, MI starting at $4,465 with a $3.98 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, 2 Bathroom3BR,2BA$2.91
ICON on Main - Royal Oak, MI2 Bed | 2 Bath - Furnished2BR,2BA$3.98
Elevate Luxury LivingThe Pierce (Furnished)1BR,1BA$4.68
Sixth Street LoftsSixth Street Lofts - 1 Bedroom Loft1BR,1BA$1.73
The DelawareCollection2BR,2BA$3.18
The Griffin Royal OakLincoln1BR,1BA$3.14
The HazeltonSavoy1BR,1BA$3.37
Downtown Royal Oak118-1202BR,1BA$2.53
330 Oakland Avenue2 Beds, 1 Baths2BR,1BA$2.00
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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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 #5

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 $5,999.

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

The cheapest apartment in Downtown Royal Oak is Sixth Street Lofts which is listed at $1,725, while the average apartment in Downtown Royal Oak costs $2,897.

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 7 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 $256 which is $2,641 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.

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