Cheap Apartments for Rent in Ferndale, MI from $500 (146 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Ferndale.

close
View Me
373 E Saratoga St, Unit 2
$975
Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975
1 Bedroom Apartment Available Jul 1

373 E Saratoga St, Unit 2

373 E Saratoga StFerndale, MI 48220
Affordability
  • Smoke Free
property at 316 Spencer St

$1,250 - $1,650

1 To 2 Bedroom Rentals

Available Now

316 Spencer St

FerndaleMI48220

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
118 Ardmore Drive
Studio to 1 Bedroom Apartments

118 Ardmore Drive

22444 Woodward AveFerndale, MI 48220
Senior Living
  • Utilities Included
close
View Me
Margo Manor Apartments
1 to 2 Bedroom Apartments

Margo Manor Apartments

1250-1270 W 9 Mile RdFerndale, MI 48220
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
close
View Me
1500 E 10 Mile Rd
1 Bedroom Apartments

1500 E 10 Mile Rd

1500 E 10 Mile RdFerndale, MI 48220
close
View Me
Flats of Ferndale
Studio to 1 Bedroom Apartments

Flats of Ferndale

21201 Woodward AveFerndale, MI 48220
close
View Me
1619 W 9 Mile
1 Bedroom Apartments

1619 W 9 Mile

1619 W 9 Mile RdFerndale, MI 48220
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
The Baxter Apartments
$1,075 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,075 - $1,350
Total Monthly Price
$1,075 - $1,350
1 to 2 Bedroom Apartments Available Now

The Baxter Apartments

2601 W McNichols RdDetroit, MI 48221
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

Read Article
Showing Results 1-50, Page 1 of 3

Ferndale, MI Local Guide

Cheapest Available Ferndale Apartments for Rent

 

The cheapest available apartment rental in Ferndale, MI is a 1 Bed unit found at Palmer Lofts Apartments in the Pembroke neighborhood priced from $850. RCI Covington Apartments in the Fitzgerald neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Ferndale apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Palmer Lofts Apartments1 BR/1 Bath1BR,1BA$850
RCI Covington ApartmentsStudioStudio,1BA$875
Virginia ApartmentsApt 11Studio,1BA$895
Sherwood HeightsThe Alan1BR,1BA$935
Rosewood Manor Apartments2 Beds, 1 Baths2BR,1BA$1,000
North Royal Oak ApartmentsOne bedroom-One bathroom1BR,1BA$1,000
Warren ManorOne Bedroom - Classic Unit1BR,1BA$1,040
Maple Grove1 bed1BR,1BA$1,049
1500 E 10 Mile Rd1 Bedroom1BR,1BA$1,050
1771 E Woodward Heights Blvd1 Bedroom1BR,1BA$1,065

Best Value Apartments for Rent in Ferndale, MI

As of June 21, 2026 the best value apartment in the Ferndale area is the $1.00 price per square foot 2 Bedroom Townhome Model at RCI Covington Townhouses in the in the Pembroke neighborhood starting from $1,395. The second greatest value Ferndale apartment is the 3135 W McNichols Rd Model at 3135 W McNichols Rd, Unit upper floor apartment starting at $1,300 with a $1.15 price per square foot in the Pembroke neighborhood. Here is today’s list of the best values for Ferndale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
RCI Covington Townhouses2 Bedroom Townhome2BR,1BA$1.00
3135 W McNichols Rd, Unit upper floor apartment3135 W McNichols Rd1BR,1BA$1.15
RCI ShelbourneTwo Bedroom2BR,1BA$1.09
Royal Oak Crossings at GardeniaGardenia2BR,1BA$1.40
20460 Griggs StHouse2BR,2BA$1.21
Rosewood Manor Apartments2 Beds, 1 Baths2BR,1BA$1.11
North Royal Oak ApartmentsTwo Bedroom-One bathroom2BR,1BA$1.47
Sherwood HeightsThe Alan1BR,1BA$1.15
Campbell Manor1 Bedroom1BR,1BA$1.28
Palmer Lofts Apartments1 BR/1 Bath1BR,1BA$1.31

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Ferndale, MI

Ranked #35

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Ferndale, MI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ferndale, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Ferndale, MI

View Map
Ferndale, MI Apartments Map
View Map
Ferndale, MI Rental Homes Map

Frequently Asked Questions about Cheap Ferndale Apartments

What is the Cheapest Studio apartment in Ferndale?

Currently the most affordable Cheap Studio Apartment in Ferndale is at RCI Covington Apartments listed at $875.

How much is rent for a Cheap One Bedroom Ferndale Apartment?

The lowest price for a Cheap One Bedroom Ferndale Apartment is $850 at Palmer Lofts Apartments.

What is the lowest price for a Cheap Two Bedroom Ferndale Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ferndale is starting from $950 at Palmer Lofts Apartments.

What is the most affordable Ferndale Three Bedroom Apartment?

The best deal on a cheap Ferndale Three Bedroom Apartment rental is at District Royal Oak Apartments and starts from $1,965.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

Written by: Tim Brown

Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.