Rents are 3% below what Oak Park's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: July 20, 2026
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Who lives here
Oak Park, MI is majority owner-occupied, 37.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Oak Park, MI has changed in 5 years
Across the past five years, the going rent in Oak Park, MI has shifted from $1,299 to $1,445, up 11.2% since 2022. Median household income climbed from $58,700 to $71,510 between 2021 and 2024, a 21.8% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Oak Park, MI losing about 359 residents over the five-year window, down 1.2% on net. The renter share has eased from 41.3% to 36.7%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Oak Park, MI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Oak Park on your salary?
At $1,445/mo, how Oak Park rent compares to typical pay (30% rule).
Oak Park rent by bedroom count
Median rent for each apartment size in Oak Park. Click any size for full breakdown.
Tips for renters in Oak Park
Last updated: July 20, 2026
The median rent in Oak Park is $1,445/mo as of July 2026. A studio apartment averages $1,190/mo while a 2-bedroom runs $1,660/mo. One-bedroom apartments average $1,310/mo and 3-bedroom units go for $2,030/mo.
At 24% of local median household income ($71,510/yr), Oak Park ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.
Frequently asked questions
Is Oak Park an affordable city for renters?
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Is rent going up or down in Oak Park?
How does Oak Park rent compare to other cities in Michigan?
What percentage of Oak Park residents rent vs. own?
How does Oak Park rent compare to the national average?
At $1,445/mo, rent takes ~24% of Oak Park's median household income ($71,510/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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