Rents are right about where Oak Park's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,474 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 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 $1,474, up 13.5% 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 $1,474/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: August 17, 2026
The median rent in Oak Park is $1,474/mo as of August 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 25% of local median household income ($71,510/yr), Oak Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.
Frequently asked questions
Is Oak Park an affordable city for renters?
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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 $1,474/mo, rent takes ~25% 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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