Cheap Apartments for Rent in the Downtown Ferndale Neighborhood of Ferndale, MI from $700 (53 Rentals)

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

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.

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Margo Manor Apartments
1 to 2 Bedroom Apartments

Margo Manor Apartments

1250-1270 W 9 Mile RdFerndale, MI 48220
  • Utilities Included
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1619 W 9 Mile
1 Bedroom Apartments

1619 W 9 Mile

1619 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.

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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.

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property at 19506 Manor St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 1.5 Bath Home for Rent

Available May 1

19506 Manor St

DetroitMI48221
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Sandstone Apartments
1 to 2 Bedroom Apartments

Sandstone Apartments

12800 W Nine Mile RdOak Park, MI 48237
  • Utilities Included
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Carriage House
1 Bedroom Apartments

Carriage House

620 E Lincoln AveRoyal Oak, MI 48067
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Hudson Park Apartments
1 to 2 Bedroom Apartments

Hudson Park Apartments

617 E Hudson AveRoyal Oak, MI 48067
Student Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Downtown Ferndale, Ferndale, MI Local Guide

Cheapest Available Downtown Ferndale Apartments for Rent

 

The cheapest available apartment rental in the Downtown Ferndale area of Detroit, MI is a 1 Bed unit found at 118 Ardmore Drive priced from $795. Palmer Lofts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Ferndale apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
118 Ardmore DriveOne Bed1BR,1BA$795
Palmer Lofts Apartments1 BR/1 Bath1BR,1BA$850
Sherwood HeightsThe Deyville2BR,1BA$1,000
The AldorThe Aldor - StudioStudio,1BA$1,275
Center Street PlaceCenter Street Place - StudioStudio,1BA$1,295
333 Marshall Apartments333 Marshall - 1 Bedroom (Newly Renovated)1BR,1BA$1,300
484 E Breckenridge St1 Bedroom1BR,1BA$1,325
Oakfern ManorTwo Bed2BR,1BA$1,350
Vester ApartmentsB22BR,1BA$1,350

Best Value Apartments for Rent in Downtown Ferndale, MI

As of April 16, 2026 the best value apartment in the Downtown Ferndale area is the $1.40 price per square foot 739 S Alexander Ave Model at 739 S Alexander Ave, Unit LowerLevel in the in the Downtown Ferndale neighborhood starting from $1,400. The second greatest value Downtown Ferndale apartment is the Laurel Loft Model at The Harrison starting at $2,099 with a $2.16 price per square foot in the Woodland Park neighborhood. Here is today’s list of the best values for Downtown Ferndale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
739 S Alexander Ave, Unit LowerLevel739 S Alexander Ave1BR,1BA$1.40
The HarrisonLaurel Loft1BR,2BA$2.16
Huntington ParcRoanoke2BR,1BA$2.11
Oakfern ManorTwo Bed2BR,1BA$1.42
409 On Nine2 Bedroom D2BR,2BA$2.48
Vester ApartmentsB22BR,1BA$1.57
Sherwood HeightsThe Alan1BR,1BA$1.23
333 Marshall Apartments333 Marshall - 1 Bedroom (Newly Renovated)1BR,1BA$1.86
Palmer Lofts Apartments1 BR/1 Bath1BR,1BA$1.31
118 Ardmore DriveOne Bed1BR,1BA$1.33

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for North Detroit. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Ferndale Apartments

What is a cheap apartment in Downtown Ferndale?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Ferndale is under $1,350.

What is the price of a cheap apartment in Downtown Ferndale?

The cheapest apartment in Downtown Ferndale is 118 Ardmore Drive which is listed at $795, while the average apartment in Downtown Ferndale costs $4,500.

What types of apartments are the cheapest in Downtown Ferndale?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Downtown Ferndale that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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

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

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Articles, How-To's, and Tips

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.