2 Days Ago
Location
1507 E 5th St, Royal Oak, MI 48067, USA
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Amenities for 1507 E 5th St
Apartment Amenities
| 2 Floors | Carpet |
| Ceiling Fan | Central Air |
| Hardwood Floor | Natural Gas |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Basement | Onsite Laundry |
Grounds
| Garage Parking | Storage |
Other
| Architecture Style: Colonial | Ceiling Fans |
| Nine Rooms | Roof Type: Asphalt |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
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Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 1507 E 5th St
Property Status: Active LOCATION + LIFESTYLE in the heart of Royal Oak! Experience the best of downtown living with the rare combination of walkability and tranquility. Tucked away on a quiet block just steps from Royal Oak’s vibrant dining, shopping, nightlife, parks, and year-round events, this charming and updated single-family home offers both energy and ease. This inviting colonial features 3 bedrooms and 2 full above-grade bathrooms, including a versatile main-level bedroom ideal for a home office, den, or flex space, along with a main-floor full bath and coveted first-floor laundry. Upstairs, two generously sized bedrooms share a second full bath, creating a comfortable and functional layout. The renovated kitchen showcases granite countertops, maple cabinetry, hardwood floors, and a dine-in area, with direct access to a spacious rear deck—perfect for entertaining, grilling, or unwinding after a night downtown. Plush carpeting throughout the living areas adds warmth and comfort. Additional highlights include a 1-car garage and a clean, dry basement for extra storage. With modern updates, thoughtful design, and an unbeatable walk-to-everything location, this home delivers the ideal blend of downtown Royal Oak lifestyle and everyday comfort—an exceptional lease opportunity. Office Phone: (248) 385-3350 Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1507 E 5th St compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 328 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Zip code | 48067 |
|---|---|
| Type | House for rent |
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Rent trends in Royal Oak
3-bedroom apartments at 1507 E 5th St cost about 27% more than the average rent price for 3-bedroom apartments in Royal Oak.
Median rents as of Jan 10 2026.
Royal Oak
| Month | Median Rent |
|---|---|
| February 2024 | $2,200 |
| March 2024 | $2,200 |
| April 2024 | $2,205 |
| May 2024 | $2,238 |
| June 2024 | $2,266 |
| July 2024 | $2,255 |
| August 2024 | $2,220 |
| September 2024 | $2,199 |
| October 2024 | $2,098 |
| November 2024 | $2,100 |
| December 2024 | $2,098 |
| January 2025 | $2,111 |
| February 2025 | $2,205 |
| March 2025 | $2,259 |
| April 2025 | $2,250 |
| May 2025 | $2,324 |
| June 2025 | $2,386 |
| July 2025 | $2,322 |
| August 2025 | $2,269 |
| September 2025 | $2,281 |
| October 2025 | $2,300 |
| November 2025 | $2,275 |
| December 2025 | $2,200 |
| January 2026 | $2,200 |
Affordability calculator
Can I afford to live at 1507 E 5th St?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$112,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $112,000 annually to afford this 3-bedrooms monthly rent price of $2,800.
For more information on rent affordability, visit our rent calculator.
Schools near 1507 E 5th St
Oakland Elementary School
2415 brockton ave
royal oak, MI, 48067
K-5Public
B+
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Internet available near 1507 E 5th St
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Royal Oak near 1507 E 5th St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1507 E 5th St, Royal Oak
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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