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

Oakland County, MI

As of July 2025, Oakland County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Michigan's average rent is 10.1% ($179) lower than the U.S. average of $1,775.

Average Rent

$1,596

Monthly ChangeMonth Over Month Change

0.4% ($6)

Yearly ChangeYear Over Year Change

3.7% ($57)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,262	1.2% ($15)	0.9% ($12)
2 Beds	$1,667	1.7% ($28)	3.3% ($54)
3 Beds	$2,249	1.1% ($26)	0.6% ($14)

Cities within Oakland County	Average Rent	Avg. Rent vs. OaklandAverage Rent vs. Oakland County	Avg. Days on MarketAverage Days on Market
Royal Oak	$1,323	17.1% ($273)	74 days
Pontiac	$1,116	30.1% ($480)	34 days
Farmington	$1,137	28.8% ($459)	35 days
Rochester	$1,938	21.4% ($342)	32 days
Auburn Hills	$2,096	31.3% ($500)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Oakland County Rental Market FAQs

Explore rental prices, market trends, and availability in Oakland County, MI.

What is the average rent in Oakland County, MI?

The average rent in Oakland County, MI is $1,596 per month.

What is the rental price range for homes in Oakland County, MI?

Homes in Oakland County typically rent for between $883 and $2,924 per month, with an average of $1,596 per month.

What is the average rent for different bedroom sizes in Oakland County, MI?

In Oakland County, the average rent for a 1-bedroom home is $1,262 per month, for a 2-bedroom home, $1,667 per month, and a 3-bedroom home is $2,249 per month.

How do rent prices in Oakland County, MI compare with the national average?

The average rent in Oakland County is 10.1% ($179) lower than the national average of $1,775 per month.

How have rent prices in Oakland County, MI changed recently?

The average rent in Oakland County has increased by 0.4% ($6) in the last month and increased by 3.7% ($57) over the past year.

How competitive is the rental market in Oakland County, MI?

The rental market in Oakland County, 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 Oakland County, MI?

In Oakland County, MI, the average rental stays on the market for approximately 34 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 Oakland County, MI?

There are currently 326 rental properties available in Oakland County, MI.

Can I afford to rent a home in Oakland County, MI?

Based on the current averages, a household would need an annual income of $66,680 to comfortably afford a 2-bedroom home in Oakland County.