Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Oak Park, MI

As of August 2025, Oak Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Oak Park's average rent is 8.7% ($121) higher than the Michigan average of $1,383 and 16.0% ($286) lower than the U.S. average of $1,790.

Average Rent

$1,504

Monthly ChangeMonth Over Month Change

11.1% ($150)

Yearly ChangeYear Over Year Change

7.3% ($102)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,259	2.3% ($28)	9.2% ($127)
2 Beds	$1,673	8.6% ($133)	4.5% ($78)
3 Beds	$2,149	26% ($444)	7.5% ($175)

Nearby Cities	Average Rent	Avg. Rent vs. Oak ParkAverage Rent vs. Oak Park	Avg. Days on MarketAverage Days on Market
Pleasant Ridge	$1,120	25.5% ($384)	36 days
Ferndale	$1,375	8.6% ($129)	38 days
Berkley	$1,333	11.4% ($171)	34 days
Royal Oak	$1,393	7.4% ($111)	74 days
Southfield	$1,399	7% ($105)	35 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Oak Park Rental Market FAQs

Explore rental prices, market trends, and availability in Oak Park, MI.

What is the average rent in Oak Park, MI?

The average rent in Oak Park, MI is $1,504 per month.

What is the rental price range for homes in Oak Park, MI?

Homes in Oak Park typically rent for between $881 and $2,794 per month, with an average of $1,504 per month.

What is the average rent for different bedroom sizes in Oak Park, MI?

In Oak Park, the average rent for a 1-bedroom home is $1,259 per month, for a 2-bedroom home, $1,673 per month, and a 3-bedroom home is $2,149 per month.

How do rent prices in Oak Park, MI compare with the national average?

The average rent in Oak Park is 16% ($286) lower than the national average of $1,790 per month.

How have rent prices in Oak Park, MI changed recently?

The average rent in Oak Park has increased by 11.1% ($150) in the last month and increased by 7.3% ($102) over the past year.

How competitive is the rental market in Oak Park, MI?

The rental market in Oak Park, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Oak Park, MI?

In Oak Park, MI, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Oak Park, MI?

There are currently 7 rental properties available in Oak Park, MI.

Can I afford to rent a home in Oak Park, MI?

Based on the current averages, a household would need an annual income of $66,920 to comfortably afford a 2-bedroom home in Oak Park.