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 $1,540 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: October 17, 2026
What the numbers show
Rent in Oak Park is 0.3% below its high of $1,545 in August 2026, at $1,540 as of September 2026.
Rent in Oak Park changed +2.1% over the year to September 2026. Across the 79 Michigan cities Zillow tracks, the typical change was +4.1%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($71,510) is $1,788 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,660); a 3-bedroom is $2,030.
Detroit, 7 miles away, rents for 14% less ($1,328/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Oak Park. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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 $1,351 to $1,540, up 14.0% 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 $1,540/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: October 17, 2026
The median rent in Oak Park is $1,540/mo as of October 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 26% of local median household income ($71,510/yr), Oak Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.
Frequently asked questions
How much income do you need to rent in Oak Park?
Is rent going up or down in Oak Park?
How does Oak Park rent compare to other cities in Michigan?
Which nearby cities are cheaper to rent in than Oak Park?
At $1,540/mo, rent takes ~26% 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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