Ferndale, MI Homes for Rent

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  $5,000 Per Month

  • 4,800 Sq Ft
  • Property for Rent

  2900 Hilton Rd, Ferndale, MI 48220

  4800 square foot commercial building in Ferndale. There is easy access to freeways and good traffic in front of this building. Signage is allowed on the building. The building was most recently used as a recording studio and offices for a multi-media company, but would also be perfect for a building contractor, repair contractor, or offices that need warehouse space. There is plenty of off-street

  

  James Wolfe

  Century 21 Curran & Oberski

  

  2900 Hilton Rd, Ferndale, MI 48220
• Explore Ferndale

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  Starting at $1,639 Per Month

  • Studio - 2 Beds

  430 W Nine Mile Rd, Ferndale, MI 48220

  EXPERIENCE LUXURY LOFT LIVING – WHERE STYLE MEETS CONVENIENCEDiscover loft-style living like never before at Ferndalehaus, nestled in the vibrant heart of Ferndale. Positioned at the iconic intersection of Woodward and Nine, everything you need is right at your doorstep. Immerse yourself in the energy of this dynamic neighborhood, offering an eclectic mix of restaurants, shops, late-night

  FerndaleHaus Lofts

  430 W Nine Mile Rd, Ferndale, MI 48220
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  $1,675 Per Month

  • 2 Beds
  • 1 Bath
  • 800 Sq Ft
  • House for Rent

  310 College St, Ferndale, MI 48220

  Welcome home to this charming 2-bedroom, 1-bath entry-level unit just steps from the energy and excitement of Downtown Ferndale! Blending classic farmhouse character with modern updates, this inviting home features original hardwood floors, crown molding, updated lighting, and stylish sliding barn doors throughout.The remodeled kitchen offers stainless steel appliances, a gas range, and

  

  Moe Siddique

  Berkshire Hathaway HomeServices MIRE

  

  310 College St, Ferndale, MI 48220
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  Starting at $1,555 Per Month

  • Studio - 2 Beds

  409 E 9 Mile Rd, Ferndale, MI 48220

  Welcome to 409 on Nine Experience modern living in our thoughtfully designed studio, one and two-bedroom apartments. With contemporary finishes, 409 on Nine offers stylish comfort in the heart of Ferndale. Discover convenience near vibrant shops and restaurants, making urban living a breeze. We're pet-friendly, ensuring your furry friends feel at home too. Schedule a tour today at and make 409

  409 On Nine

  

  409 E 9 Mile Rd, Ferndale, MI 48220
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  $800 Per Month

  • 450 Sq Ft
  • Property for Rent

  23150 Woodward Ave Unit 1, Ferndale, MI 48220

  PRIME OFFICE SPACE RIGHT ABOVE TOAST IN DOWNTOWN FERNDALE! THIS TURNKEY OPPORTUNITY PROVIDES YOU WITH AN IDEAL LOCATION, EASY ACCESS TO WOODWARD AND MAJOR HIGHWAYS. THIS SPACE IS PERFECT FOR AN ATTORNEY, CPA, REAL ESTATE AGENCY AND MORE - REACH OUT TO US TODAY TO SET UP A TOUR!**please note that this unit is not handicap accessible**all utilities are paid by the landlord

  

  Logan Smith

  KW Domain

  

  23150 Woodward Ave Unit 1, Ferndale, MI 48220
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  Starting at $2,865 Per Month

  • 1 - 3 Beds

  3351 Bermuda St, Ferndale, MI 48220

  Situated between the thriving neighborhoods of Ferndale and Pleasant Ridge, The Flats at Iron Ridge are the newest edition to the curated revival of Iron Ridge District. The new apartments bring a vibrant flavor of luxury to a once industrial pocket of Ferndale. With thoughtfully planned community amenities complementing well-appointed apartment interiors, The Flats reflect the unique community

  Flats at Iron Ridge

  

  3351 Bermuda St, Ferndale, MI 48220
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  $1,250 Per Month

  • 2 Beds
  • 1 Bath
  • 1,000 Sq Ft
  • House for Rent

  383 W Chesterfield St, Ferndale, MI 48220

  Spacious upper flat in Ferndale with large living with decorative fireplace, formal dining room and hardwood floors. Ceramic tile bathroom, large kitchen with appliances and basement with laundry and storage. Upper tenant has some storage in the two car garage, but no car parking inside the garage. Street parking is available. One portable AC unit and one window unit included. Water and gas split

  

  Robert Coburn

  RE/MAX First

  

  383 W Chesterfield St, Ferndale, MI 48220
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  Starting at $893 Per Month

  • 1 - 2 Beds

  20800 Wyoming St, Ferndale, MI 48220

  Ferndale Park Co-op is an affordable, newly renovated rental community, designated for individuals 62+. Built in 1976, this beautiful, 11-story community offers 200 spacious one- and two-bedroom apartments with timesaving amenities offering peace of mind.Residents have access to a fitness center, private park with a walking path, laundry facilities, a community room bustling with

  Ferndale Park Co-op Senior Apartments

  

  20800 Wyoming St, Ferndale, MI 48220
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  $1,000 Per Month

  • 500 Sq Ft
  • Property for Rent

  23150 Woodward Ave Unit 2, Ferndale, MI 48220

  PRIME OFFICE SPACE RIGHT ABOVE TOAST IN DOWNTOWN FERNDALE! THIS TURNKEY OPPORTUNITY PROVIDES YOU WITH AN IDEAL LOCATION, EASY ACCESS TO WOODWARD AND MAJOR HIGHWAYS. THIS SPACE IS PERFECT FOR AN ATTORNEY, CPA, REAL ESTATE AGENCY AND MORE - REACH OUT TO US TODAY TO SET UP A TOUR!**please note that this unit is not handicap accessible**all utilities are paid by the landlord

  

  Logan Smith

  KW Domain

  

  23150 Woodward Ave Unit 2, Ferndale, MI 48220
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  Starting at $1,400 Per Month

  • 2 Beds

  1491 W Nine Mile Rd, Ferndale, MI 48220

  Oakfern Manor

  1491 W Nine Mile Rd, Ferndale, MI 48220
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  $1,900 Per Month

  • 3 Beds
  • 1 Bath
  • 936 Sq Ft
  • House for Rent

  2205 E 10 Mile Rd, Royal Oak, MI 48067

  Updated Royal Oak 3-bedroom, 1 full bath bungalow. Beautifully updated kitchen with granite and stainless appliances. Eat-in kitchen with lots of cabinets and natural light. Crisp white newly remodeled full bath. Newer carpet on main floor. Freshly painted too! Large primary bedroom in the upper level and 2 good size bedrooms on main floor. Private backyard perfect for a fire pit/BBQ. Just

  

  Jeffery Alasina

  Coldwell Banker Professionals-Birm

  

  2205 E 10 Mile Rd, Royal Oak, MI 48067
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  Starting at $1,250 Per Month

  • 1 - 2 Beds

  494 E Breckenridge St, Ferndale, MI 48220

  Live only moments from the heart of Ferndale. Our spacious one and two bedroom apartments are complete with updates, granite counters(in select units), hardwood floors, and ample natural light. Laundry is conveniently onsite, in addition to off the street parking, additional storage space and dogs and cats are welcome! Your new home lets you take full advantage of a exciting neighborhood, with

  Fern 28

  

  494 E Breckenridge St, Ferndale, MI 48220
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  Starting at $925 Per Month

  • 1 Bed

  1400 W 9 Mile Rd, Ferndale, MI 48220

  Welcome to Ferndale House Apartments, conveniently located on W. 9 Mile Road in Ferndale, Michigan. Our community offers comfortable and affordable apartment living with convenient access to local shopping, dining, entertainment, major roads, and everything Ferndale has to offer.Our apartments provide a practical and comfortable place to call home, with spacious living areas and

  Ferndale House Apartments

  

  1400 W 9 Mile Rd, Ferndale, MI 48220
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  Starting at $1,325 Per Month

  • 1 - 2 Beds

  901 Saint Louis St, Ferndale, MI 48220

  Fantastic, Funky FerndaleLovely apartment community 1/2 mile from the 9-mile strip and just west of Woodward Ave. Marshall Apartments offer on-site laundry, storage lockers at no charge, ample parking, and a neighborhood atmosphere. The units here offer plenty of light with large windows and are smartly laid out. floorplans. Plenty of configurations for the option of a home office.333

  333 Marshall Apartments

  

  901 Saint Louis St, Ferndale, MI 48220
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  Starting at $1,899 Per Month

  • Studio - 2 Beds

  22111 Woodward Ave, Ferndale, MI 48220

  The James Ferndale is more than a place to live — it’s a lifestyle in the heart of one of Metro Detroit’s most vibrant neighborhoods. Just steps from cafés, dining, boutiques, and cultural experiences, this boutique 55+ community blends sophisticated design, modern amenities, and a walkable location that keeps you connected and inspired.Once the historic St. James School, the building was

  The James - Active Senior Residences

  

  22111 Woodward Ave, Ferndale, MI 48220
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  Starting at $1,900 Per Month

  • 1 Bed

  244 Vester St, Ferndale, MI 48220

  This property comprises a 3-story structure featuring a variation in ceiling heights. The first and second floors offer lofty 10' ceilings, while the third floor boasts a 9' ceiling height. The first-floor units (totaling 4) are thoughtfully designed with 1 bedroom, 1 bathroom, storage space, and outdoor patio areas that face Vester Ave. Each first-floor unit boasts 770 sq. ft. of living space.

  Vester Heights Apartments

  

  244 Vester St, Ferndale, MI 48220
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  Starting at $1,405

  Total Monthly Price

  • 1 - 2 Beds

  384 Vester St, Ferndale, MI 48220

  Live at the Center of It All – Downtown Ferndale LivingWelcome to your new home in the heart of Downtown Ferndale - a vibrant, walkable community that blends small-town charm with big-city energy. Our apartment community offers modern, thoughtfully designed residences just steps away from the city’s best dining, shopping, and entertainment. Whether you're catching live music, browsing

  Vester Apartments

  

  384 Vester St, Ferndale, MI 48220
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  Starting at $1,510 Per Month

  • 2 Beds

  455 W Marshall St, Ferndale, MI 48220

  Welcome to The Marshall Place in Ferndale, MI! This location is just a short walk from 9 mile and Woodward.Our renovated units feature balconies and patios, hardwood floors, and heat, water, and trash included in the rent. Enjoy the convenience of walking to downtown Ferndale from our secure entry building. Community laundry facilities are available, with select units offering the

  The Marshall Place

  

  455 W Marshall St, Ferndale, MI 48220
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  Starting at $1,100 Per Month

  • 2 - 3 Beds

  425 Vester St, Ferndale, MI 48220

  PARKING ON SITE|OWNER PAYS FOR WATER, HEAT, HOT WATER, AND GAS COOKING|ALL APPLIANCES INCLUDEDWasher & dryer in building | On-site parking |Minutes to downtown Ferndale | Close to dining, nightlife & summer eventsThis 2 Bedroom Apartment is located near downtown Ferndale with quick access to shopping, dining, and major roads.Designed for simple, practical living without

  425 Vester St

  425 Vester St, Ferndale, MI 48220
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  Starting at $1,295

  Total Monthly Price

  • 1 Bed

  484 E Breckenridge St, Ferndale, MI 48220

  Updated 1 Bedroom Apartment Near Downtown Ferndale | Gas and Water Utilities IncludedLive in one of Metro Detroit's most desirable and walkable neighborhoods at 484 E. Breckenridge Street. This remodeled 1-bedroom apartment is just a short walk from Downtown Ferndale, placing you steps from local restaurants, coffee shops, boutiques, nightlife, and community events.Inside, you'll

  484 E Breckenridge St

  484 E Breckenridge St, Ferndale, MI 48220
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  $2,600 Per Month

  • 3 Beds
  • 2 Baths
  • 1,900 Sq Ft
  • House for Rent

  1 Academy St, Ferndale, MI 48220

  Property Id: 2862005 Charming home with updated kitchen and spacious dinning room. First floor includes one bedroom or office space and luxury bathroom with standalone walk-in shower or jetted garden tub. Second floor includes two spacious bedrooms and updated bathroom. Walking distance to restaurants and shops. Private fenced yard and washer and dryer included in the updated basement.

  1 Academy St, Ferndale, MI 48220
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  $1,800 Per Month

  • 3 Beds
  • 1 Bath
  • 841 Sq Ft
  • House for Rent

  300 E Marshall St, Ferndale, MI 48220

  Property Id: 2835396 Cozy 3 Bedroom ranch in the heart of Ferndale, everything updated, new bath, kitchen, floors, furnace...ready to move! Contact Property Manager (Nick) directly @ . Start your Online Application here: Pre-application is free. Starting your application after viewing the property has a $40 Application fee.

  300 E Marshall St, Ferndale, MI 48220
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  $1,300

  Total Monthly Price

  • 2 Beds
  • 1 Bath
  • 733 Sq Ft
  • Condo for Rent

  250 Spencer St Unit 1, Ferndale, MI 48220

  Welcome to a charming 2 bedroom unit in a well maintained duplex in Ferndale, MI. Known for it's walkability, Ferndale has a vibrant dining scene, with coffee shops, restaurants and breweries. Located an easy commute to Detroit, Southfield, Royal Oak and beyond. This Unit has the character of a classic Ferndale home with hardwood floors throughout the unit. A fully equipped kitchen with

  250 Spencer St Unit 1, Ferndale, MI 48220
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  $1,995 Per Month

  • 2 Beds
  • 1 Bath
  • 1,400 Sq Ft
  • House for Rent

  541 E Breckenridge St, Ferndale, MI 48220

  Property Id: 2798610 Fantastic location * 1,400 square feet * 2 bedrooms * 1 full bath * Full basement * First-floor laundry * Central air * Updated kitchen/appliances * Screened-in front porch * Unfurnished * One-year lease * Available September 15, 2026 * Convenient location north of 9 Mile just east of Woodward *

  541 E Breckenridge St, Ferndale, MI 48220
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  $1,130 Per Month

  • 1 Bed
  • 1 Bath
  • 850 Sq Ft
  • Condo for Rent

  235 Jewell St, Ferndale, MI 48220

  Property Id: 166773 - This roomy upper one bedroom apartment has a great layout and lots of charm. - There is a large private balcony with a nice view. - Newly finished wood floors. - Lots of natural daylight on a quiet street with friendly neighbors. - It has all the appliances including a dishwasher and garbage disposal. - Free laundry in the building. - A

  235 Jewell St, Ferndale, MI 48220
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  $1,995 Per Month

  • 3 Beds
  • 1 Bath
  • 1,088 Sq Ft
  • House for Rent

  375 W Webster St, Ferndale, MI 48220

  Welcome to your future home in the vibrant city of Ferndale, MI! This charming property is ideally located near an array of delightful restaurants and convenient department stores, making everyday errands a breeze. For healthcare professionals and families, Corewell Health William Beaumont University Hospital is just a 15-minute drive away. Enjoy the outdoors? You’re in luck! Key property

  375 W Webster St, Ferndale, MI 48220
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  $1,800 Per Month

  • 3 Beds
  • 1 Bath
  • 756 Sq Ft
  • House for Rent

  3060 Minerva St, Ferndale, MI 48220

  Welcome to this charming Ferndale bungalow in a prime location close to Royal Oak, major expressways, shopping, dining, and entertainment! This 3-bedroom, 1 full bath home sits on a spacious corner lot and features an updated kitchen, renovated bathroom, and fresh paint throughout. The inviting living room showcases a beautiful modern fireplace, creating the perfect space to relax or entertain. A

  Fady Fareed Keller Williams Advantage

  

  3060 Minerva St, Ferndale, MI 48220
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  $1,900

  Total Monthly Price

  • 3 Beds
  • 1 Bath
  • 921 Sq Ft
  • House for Rent

  530 E Maplehurst St, Ferndale, MI 48220

  Discover this charming 3-bedroom, 1-bathroom ranch located just blocks away from downtown Ferndale. With hardwood and vinyl plank floors throughout, the interior exudes warmth and character. The well-equipped kitchen boasts a gas stove/oven, dishwasher, and refrigerator, making everyday living a breeze. Convenient laundry facilities with washer and dryer located in the basement which also is open

  530 E Maplehurst St, Ferndale, MI 48220
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  $775 Per Month

  • 1 Bed
  • 1 Bath
  • 650 Sq Ft
  • Condo for Rent

  1445 W Nine Mile Rd Unit 13, Ferndale, MI 48220

  Bright, clean, and freshly remodeled lower level studio apartment. You will enjoy living in this very comfortable apartment that is within easy walking distance to downtown Ferndale with great dining and shopping experiences. Everything has been done and is ready for a new tenant to move right in. Large storage closet in unit and appliances included. The shared laundry room is on the same floor

  Thomas Styf RE/MAX Complete

  

  1445 W Nine Mile Rd Unit 13, Ferndale, MI 48220
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  $1,130

  Total Monthly Price

  • 1 Bed
  • 1 Bath
  • 850 Sq Ft
  • Condo for Rent

  235 Jewell St Unit Upper Unit with Balcony, Ferndale, MI 48220

  - This roomy upper one bedroom apartment has a great layout and lots of charm.- There is a large private balcony with a nice view.- Newly finished wood floors.- Lots of natural daylight on a quiet street with friendly neighbors.- It has all the appliances including a dishwasher and garbage disposal.- Free laundry in the building.- A short walk from

  235 Jewell St Unit Upper Unit with Balcony, Ferndale, MI 48220
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  $925 Per Month

  • 1 Bed
  • 1 Bath
  • 400 Sq Ft
  • Condo for Rent

  474 W Marshall St, Ferndale, MI 48220

  Move in Ready one bedroom unit near Downtown Ferndale. You can literally walk downtown, to parks, Restaurants, etc. So vibrant and fun! This unit is clean and move in ready with an open layout, small kitchen with appliances, a separate bedroom, vintage bath. Heat and Water included. Parking in back or on street. No smoking or pets.

  Lee Lark Keller Williams Paint Creek

  

  474 W Marshall St, Ferndale, MI 48220
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  $1,350 Per Month

  • 1 Bed
  • 1 Bath
  • 550 Sq Ft
  • Condo for Rent

  1615 W Nine Mile Rd, Ferndale, MI 48220

  5 unti multi-family apartment buildingUpdated and clean 1 bed/1 bath apartment for rent just 1/2 mile from Downtown Ferndale. Rent includes gas, water/sewer, parking, trash removal, and grounds maintenance. Tenants pay for electric only (very low average bills). Each unit has its own private entrance and designated parking space. Newer kitchen, appliances, flooring, and paint in each

  1615 W Nine Mile Rd, Ferndale, MI 48220
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  $1,800 Per Month

  • 3 Beds
  • 1 Bath
  • 730 Sq Ft
  • House for Rent

  3191 Harris St, Ferndale, MI 48220

  This beautifully updated 3-bedroom, 1-bath ranch home features bright living spaces and stylish modern finishes. The updated kitchen includes quartz countertops and a tile backsplash, while the bathroom features a beautiful tile shower.The partial basement provides plenty of additional storage, and the detached garage offers convenient off-street parking.Conveniently located near

  Charles Markowitz Keller Williams Somerset

  

  3191 Harris St, Ferndale, MI 48220
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  $1,099 Per Month

  • Studio
  • 1 Bath
  • 625 Sq Ft
  • Condo for Rent

  1270 W Nine Mile Rd Unit R, Ferndale, MI 48220

  Schedule a tour today and discover the charm, comfort, and convenience that make Margo Manor the perfect place to call home.Our features and amenities include:-Coin-operated laundry facility with vending machines-On-site 5x7 storage unit included-A wall-mounted 48’ Smart TV-PRIVATE ENTRANCE-Plenty of open parking-Fully equipped kitchen with stainless steel

  1270 W Nine Mile Rd Unit R, Ferndale, MI 48220
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  $2,500 Per Month

  • 1,782 Sq Ft
  • Property for Rent

  138 Stratford Rd, Ferndale, MI 48220

  Prime Ferndale commercial space just off Eight Mile. Flexible layout with a large open work area and private offices—ideal for office, retail, creative studio/gallery, or athletic/fitness use. Features a beautiful double-door entry, vaulted ceilings, updated kitchen, and abundant natural light. Two bathrooms and a kitchen on each floor, plus ADA ramp access. Rare fenced green backyard enclosed by

  Justin Lyons Good Company

  

  138 Stratford Rd, Ferndale, MI 48220
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  $2,550 Per Month

  • 4 Beds
  • 2 Baths
  • 1,795 Sq Ft
  • House for Rent

  1330 E Chesterfield St, Ferndale, MI 48220

  Please click 'inquire', 'more info' or 'schedule showing' and you will be sent an email link to set up your personal tour. *** Please do not disturb current residents ***This well-maintained home blends comfort, space, and everyday functionality in a way that just feels right from the moment you walk in. The main living area is bright and open, with natural light pouring in and

  1330 E Chesterfield St, Ferndale, MI 48220
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  $1,640 Per Month

  • 2 Beds
  • 1 Bath
  • 1,081 Sq Ft
  • House for Rent

  1640 Jewell St, Ferndale, MI 48220

  Location, Available for Lease Now! Large Living Rm w/Hardwood Floors, Kitchen w/ Lots of Cabinets, Massive bedrooms, Fresh Paint. Bonus area with view of the private yard. 1st Floor Laundry, All Appliances included, Inviting Covered Back Patio, AC, Fenced Yard w/Storage Shed. No Smoking in Home, Pets $500 one-time fee. 1 Month Rent 1-1.5 Month Security Deposit $200 Cleaning Fee $50 Application

  Curtis Vargo North Bloomfield Properties

  

  1640 Jewell St, Ferndale, MI 48220
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  $1,000 Per Month

  • 2 Beds
  • 1 Bath
  • 825 Sq Ft
  • Condo for Rent

  159 E Bennett St, Ferndale, MI 48220

  Welcome to your new home in the vibrant city of Ferndale! This 2-bedroom, 1-bathroom rental property, located right off the famous Woodward Avenue, offers a spacious and comfortable living space of 825 square feet. The prime location provides easy access to major highways, with both I-75 and 696 nearby, making your commute convenient and efficient.One of the many perks of this residence

  159 E Bennett St, Ferndale, MI 48220
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  $2,000 Per Month

  • 3 Beds
  • 2 Baths
  • 1,598 Sq Ft
  • House for Rent

  1619 Camden St, Ferndale, MI 48220

  Welcome to this beautifully renovated ranch that's move-in ready and waiting for its next renter. Featuring 3 bedrooms, 2 full baths, anda finished basement, this home offers stylish, functional living with plenty of space to spread out. Freshly painted with thoughtful updatesthroughout, it feels bright, fresh, and ready to make your own. Conveniently located near everything Ferndale has

  Thanh Thieu Walker DOBI Real Estate

  

  1619 Camden St, Ferndale, MI 48220
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  $1,100 Per Month

  • 1 Bed
  • 1 Bath
  • 492 Sq Ft
  • House for Rent

  525 Stratford Rd, Ferndale, MI 48220

  Tiny living in the big city! Charming one bedroom, 1 bath single family home in Ferndale, just steps away from bustling Livernois Ave. Spacious living room with a Library Ladder feature leading to a storage loft. Updated kitchen. Good sized bedroom. Laundry room has great storage. Unique cellar storage as well. Newer windows, siding and roof. Appliances included. $35 application fee per person.

  525 Stratford Rd, Ferndale, MI 48220

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Why Live in Ferndale

Ferndale, Michigan, located 11 miles north of Detroit, is a progressive city with a population of about 19,000 residents. Known for its inclusivity and sustainability, Ferndale is home to the largest free Pride Festival in the state and boasts a lively downtown district filled with rainbow-colored crosswalks, murals, and diverse storefronts. The intersection of Nine Mile Road and Woodward Avenue forms the heart of downtown, offering a variety of things to do, including shopping at specialty stores, dining at all-American restaurants, and enjoying the vibrant nightlife. Parks such as Garbutt Park and Harding Park provide recreational spaces, while Martin Road Park becomes a hub for sledding in the winter. Homes in Ferndale, ranging from Tudor Revivals to bungalows built between the 1920s and 1940s, sell faster than the national average and are more affordable compared to nearby cities. The city hosts numerous events, including the Woodward Dream Cruise and various art fairs. Commuting is facilitated by major thoroughfares like Interstate 75 and Interstate 696, with bike lanes and limited bus stops also available. Residents may experience traffic jams due to trains, though recent legislation aims to reduce congestion. Ferndale Public Schools serve the community. Despite flood concerns, the city employs proactive measures to address these issues.

Learn more about living in Ferndale

Frequently Asked Questions

How much does it cost to rent a home in Ferndale, MI?

The median rent for a home in Ferndale, MI is $1,800 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.

How much do you need to make to afford rent in Ferndale, MI?

To comfortably afford the median rent in Ferndale, MI, a household needs to earn roughly $72,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,800 per month in Ferndale, MI, renters typically need to show $5,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Ferndale, MI?

In Ferndale, MI, the price-to-rent ratio is 12.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Ferndale, MI are best for renting a home?

The best neighborhood for renting in Ferndale, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Garden Homes, McDowell, Nolan, Southwest Warren and Palmer Park, each with its own character and price range.

Rental Trends in Ferndale, MI

There are currently 79 homes available for rent in Ferndale, MI. The median rent is $1,800 per month, with single-family homes renting at $1,800, townhouses at $2,243 and condos at $1,299.

Rental Home Trends

Number of Homes for Rent 79	Median Rent $1,800
Median Single Family Home Rent $1,800	Median Townhouse Rent $2,243
Median Condo Rent $1,299