Cheap Homes for Rent in Royal Oak, MI from $700 (29 Rentals)

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Search the lowest-cost Homes available for rent right now in Royal Oak.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1312 E Harry Ave

1312 E Harry Ave

Hazel ParkMI48030

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 143 E Drayton St

143 E Drayton St

FerndaleMI48220

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-29, Page 1 of 1

Royal Oak, MI Local Guide

Cheapest Available Royal Oak Apartments for Rent

 

The cheapest available apartment rental in Royal Oak, MI is a 1 Bed unit found at Marlen in the Forest Heights neighborhood priced from $850. Amber's Timber Lodges in the Fries Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Royal Oak apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Marlen1 Bed, 1 bath1BR,1BA$850
Amber's Timber LodgesStudioStudio,1BA$875
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$900
Elmsleigh ApartmentsOne Bedroom1BR,1BA$940
amber's Broadacre ApartmentsStudioStudio,1BA$945
Rochester House ApartmentsOne Bedroom1BR,1BA$950
Philamer1 Bed, 1 bath1BR,1BA$975
Lexington VillageRevere1BR,1BA$990

Best Value Apartments for Rent in Royal Oak, MI

As of June 21, 2025 the best value apartment in the Royal Oak area is the $1.23 price per square foot 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes in the in the Downtown Birmingham neighborhood starting from $1,895. The second greatest value Royal Oak apartment is the THE DRAKE Model at The Oaks on Lincoln starting at $1,895 with a $1.30 price per square foot in the Ridgewood Estates neighborhood. Here is today’s list of the best values for Royal Oak apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
The Oaks on LincolnTHE DRAKE3BR,1.5BA$1.30
Corner PlaceTwo Bedroom/Two Bath2BR,2BA$1.26
Madison Park Apartments2 Bedroom2BR,1BA$1.25
608 E Bernhard Ave, Unit Lower608 E Bernhard Ave2BR,1BA$1.10
Cambridge SquareOne Bedroom1BR,1BA$1.27
Elmsleigh ApartmentsTwo Bedroom2BR,1BA$1.34
Oakwood Villa Apartments2 Bedroom2BR,1BA$1.30
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$1.20
Philamer1 Bed, 1 bath1BR,1BA$1.32

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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Frequently Asked Questions about Royal Oak

What type of rentals are currently available in Royal Oak?

There are currently 522 Apartments for Rent in Royal Oak, MI with pricing that ranges from $813 to $13,000. There are also 126 Single Family Homes for rent, Condos, and Townhome rentals currently available in Royal Oak ranging from $750 to $8,999.

What is the current price range for Rental Homes in Royal Oak?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Royal Oak ranges from $750 to $8,999 with an average monthly rent of $2,239.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.