Homes & Apartments for Rent in 48220

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What to Know About

Life in Ferndale & Beyond

Ferndale shares many of the great qualities that make Michigan a desirable place to live.

Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Ferndale, MI

As of June 2026, Ferndale's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Ferndale's average rent is 11.1% ($159) higher than the Michigan average of $1,429 and 11.6% ($209) lower than the U.S. average of $1,797.

Average Rent
$1,588
Monthly ChangeMonth Over Month Change
Decreased1.2% ($20)
Yearly ChangeYear Over Year Change
Increased19% ($253)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,252 Decreased0.6% ($7) Increased12.4% ($138)
2 Beds $1,657 Decreased5% ($88) Increased13.9% ($202)
3 Beds $2,339 Increased18.9% ($372) Increased25.8% ($480)
Nearby Cities Average Rent Avg. Rent vs. FerndaleAverage Rent vs. Ferndale Avg. Days on MarketAverage Days on Market
Oak Park $1,284 Decreased19.1% ($304) 36 days
Hazel Park $1,469 Decreased7.5% ($119) 32 days
Royal Oak $1,424 Decreased10.3% ($164) 74 days
Berkley $1,387 Decreased12.7% ($201) 34 days
Highland Park $1,186 Decreased25.3% ($402) 40 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Ferndale Rental Market FAQs

Explore rental prices, market trends, and availability in Ferndale, MI.

The average rent in Ferndale, MI is $1,588 per month.
Homes in Ferndale typically rent for between $876 and $3,041 per month, with an average of $1,588 per month.
In Ferndale, the average rent for a 1-bedroom home is $1,252 per month, for a 2-bedroom home, $1,657 per month, and a 3-bedroom home is $2,339 per month.
The average rent in Ferndale is 11.6% ($209) lower than the national average of $1,797 per month.
The average rent in Ferndale has decreased by 1.2% ($20) in the last month and increased by 19.0% ($253) over the past year.
The rental market in Ferndale, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Ferndale, MI, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 23 rental properties available in Ferndale, MI.
Based on the current averages, a household would need an annual income of $66,280 to comfortably afford a 2-bedroom home in Ferndale.
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