Homes for Rent in Ferndale, MI

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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 February 2026, Ferndale's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Ferndale's average rent is 14.5% ($212) lower than the Michigan average of $1,465 and 28.5% ($500) lower than the U.S. average of $1,753.

Average Rent
$1,253
Monthly ChangeMonth Over Month Change
Increased2.5% ($31)
Yearly ChangeYear Over Year Change
Decreased2.1% ($27)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,164 Decreased3.2% ($39) Decreased5.6% ($69)
2 Beds $1,542 Decreased10.1% ($173) Decreased1% ($16)
3 Beds $2,087 Decreased14.3% ($348) Increased1% ($20)
Nearby Cities Average Rent Avg. Rent vs. FerndaleAverage Rent vs. Ferndale Avg. Days on MarketAverage Days on Market
Oak Park $1,421 Increased13.4% ($168) 36 days
Hazel Park $1,382 Increased10.3% ($129) 32 days
Royal Oak $1,775 Increased41.7% ($522) 74 days
Berkley $1,297 Increased3.5% ($44) 34 days
Highland Park $1,235 Decreased1.4% ($18) 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 $1,253 per month.
Homes in Ferndale typically rent for between $815 and $2,713 per month, with an average of $1,253 per month.
In Ferndale, the average rent for a 1-bedroom home is $1,164 per month, for a 2-bedroom home, $1,542 per month, and a 3-bedroom home is $2,087 per month.
The average rent in Ferndale is 28.5% ($500) lower than the national average of $1,753 per month.
The average rent in Ferndale has increased by 2.5% ($31) in the last month and decreased by 2.1% ($27) 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 22 rental properties available in Ferndale, MI.
Based on the current averages, a household would need an annual income of $61,680 to comfortably afford a 2-bedroom home in Ferndale.
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