Apartments & 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 April 2025, Ferndale's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Ferndale's average rent is 6.6% ($90) lower than the Michigan average of $1,367 and 29.0% ($522) lower than the U.S. average of $1,799.

Average Rent
$1,277
Monthly ChangeMonth Over Month Change
Increased0.6% ($8)
Yearly ChangeYear Over Year Change
Decreased10.4% ($149)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,070 Decreased9.6% ($113) Decreased9.1% ($107)
2 Beds $1,446 Decreased1.7% ($25) Decreased2.6% ($38)
3 Beds $1,851 Decreased6.3% ($125) Increased1% ($18)
Nearby Cities Average Rent Avg. Rent vs. FerndaleAverage Rent vs. Ferndale Avg. Days on MarketAverage Days on Market
Oak Park $1,318 Increased3.2% ($41) 36 days
Hazel Park $1,395 Increased9.2% ($118) 32 days
Royal Oak $1,390 Increased8.8% ($113) 74 days
Berkley $1,280 Increased0.2% ($3) 34 days
Highland Park $1,140 Decreased10.7% ($137) 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 $1,277 per month.
Homes in Ferndale typically rent for between $749 and $2,406 per month, with an average of $1,277 per month.
In Ferndale, the average rent for a 1-bedroom home is $1,070 per month, for a 2-bedroom home, $1,446 per month, and a 3-bedroom home is $1,851 per month.
The average rent in Ferndale is 29% ($522) lower than the national average of $1,799 per month.
The average rent in Ferndale has increased by 0.6% ($8) in the last month and decreased by 10.4% ($149) 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 20 rental properties available in Ferndale, MI.
Based on the current averages, a household would need an annual income of $57,840 to comfortably afford a 2-bedroom home in Ferndale.
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