How many apartments are available in 9 Mile-Greenfield on Rentable.co?

Rentable.co has over 32 apartments available near 9 Mile-Greenfield.

What is the average rent for a studio apartment in 9 Mile-Greenfield?

The average rent for a studio apartment near 9 Mile-Greenfield is around $912 per month.

What is the average rent for a one-bedroom apartment in 9 Mile-Greenfield?

The average rent for a one-bedroom apartment near 9 Mile-Greenfield is around $890 per month.

What is the average rent for a two-bedroom apartment in 9 Mile-Greenfield?

The average rent for a two-bedroom apartment near 9 Mile-Greenfield is around $1,469 per month.

How many apartments are available in Oak Park, MI on Rentable.co?

Rentable.co has over 1,051 apartments available in Oak Park.

What is the average rent for a studio apartment in Oak Park, MI?

The average rent for a studio apartment in Oak Park is around $1,130 per month.

What is the average rent for a one-bedroom apartment in Oak Park, MI?

The average rent for a one-bedroom apartment in Oak Park is around $1,350 per month.

What is the average rent for a two-bedroom apartment in Oak Park, MI?

The average rent for a <a href='/oak-park-mi/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Oak Park is around $1,480 per month.

How expensive is it to rent an apartment in Oak Park, MI?

For a two-bedroom apartment in Oak Park, the average rent price is $1,480 per month, which is lower than the national average of $1,620 per month.

Can I afford an apartment for rent in Oak Park, MI?

Based on average rent prices in Oak Park, to afford a studio apartment you would need an annual household income of $45,000 to live comfortably.

Apartments in 9 Mile-Greenfield Oak Park

Oak Park:
May Rent Report

Welcome to the May 2024 Oak Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Oak Park rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Oak Park and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Oak Park average rent prices in the chart below.

Monthly Rent Report

$1,550

$1,160

$780

$390

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Oak Park Rent Prices Decrease From April to May

Oak Park rent prices decreased over the last month. From April to May, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Oak Park one-bedroom apartments currently stands at $1,350.0.

When we take a look at the two-bedroom comparison from April to May, Oak Park experienced a 0.41% increase for the price of a two-bedroom apartment. The rent price for a Oak Park two-bedroom apartments currently stands at $1,479.0.

May Prices: Oak Park vs. Surrounding Areas

Rent Prices in Oak Park and Surrounding Areas

Rent prices have decreased in Oak Park over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Oak Park suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Oak Park suburbs
Rents did not decrease in any of the Oak Park suburbs.

May 2024 Pricing Trends: Oak Park vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Oak Park Rent Prices More Affordable Than Major Cities

Rent growth in Oak Park over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Oak Park average rent prices appear to be relatively affordable for local residents.

The price for a Oak Park one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Oak Park and surrounding area rent prices, take a look at the complete data set below.

Data set for Oak Park and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.