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Viewing 1-11 of 11 rentals in Ferndale
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 August 2025, Ferndale's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Ferndale's average rent is 0.6% ($8) lower than the Michigan average of $1,383 and 23.2% ($415) lower than the U.S. average of $1,790.
Average Rent
$1,375
Monthly ChangeMonth Over Month Change
1.2% ($16)
Yearly ChangeYear Over Year Change
9.4% ($118)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,289 | 0.9% ($12) | 4.6% ($57) |
| 2 Beds | $1,483 | 0.9% ($14) | 3.3% ($47) |
| 3 Beds | $1,798 | 3.7% ($70) | 8.3% ($138) |
| Nearby Cities | Average Rent | Avg. Rent vs. FerndaleAverage Rent vs. Ferndale | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Pleasant Ridge | $1,120 | 18.5% ($255) | 36 days |
| Oak Park | $1,504 | 9.4% ($129) | 36 days |
| Hazel Park | $1,087 | 20.9% ($288) | 32 days |
| Royal Oak | $1,393 | 1.3% ($18) | 74 days |
| Berkley | $1,333 | 3.1% ($42) | 34 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 $1,375 per month.
Apartments in Ferndale typically rent for between $902 and $2,337 per month, with an average of $1,375 per month.
In Ferndale, the average rent for a 1-bedroom apartment is $1,289 per month, for a 2-bedroom apartment, $1,483 per month, and a 3-bedroom apartment is $1,798 per month.
The average rent in Ferndale is 23.2% ($415) lower than the national average of $1,790 per month.
The average rent in Ferndale has increased by 1.2% ($16) in the last month and increased by 9.4% ($118) 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 18 rental properties available in Ferndale, MI.
Based on the current averages, a household would need an annual income of $59,320 to comfortably afford a 2-bedroom apartment in Ferndale.
