Cheap Apartments for Rent in the Downtown Ferndale Neighborhood of Ferndale, MI from $700 (30 Rentals)

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

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.

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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22444 Woodward Ave
1 Bedroom Apartments

22444 Woodward Ave

22444 Woodward AveFerndale, MI 48220
  • Utilities Included
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Margo Manor Apartments
2 Bedroom Apartments

Margo Manor Apartments

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

1619 W 9 Mile

1619 W 9 Mile RdFerndale, MI 48220
  • Utilities Included

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.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Sandstone Apartments
1 to 2 Bedroom Apartments

Sandstone Apartments

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

Carriage House

620 E Lincoln AveRoyal Oak, MI 48067
  • Utilities Included

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 Studio unit found at Sherwood Heights priced from $795. Center Street Place has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Downtown Ferndale apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Sherwood HeightsThe NottinghamStudio,1BA$795
Center Street PlaceCenter Street Place - StudioStudio,1BA$1,195
484 E Breckenridge St1 Bedroom1BR,1BA$1,265
The NineA-31BR,1BA$1,399
Oakfern ManorTwo Bed2BR,1BA$1,450
Huntington ParcWoodward2BR,1BA$1,467

Best Value Apartments for Rent in Downtown Ferndale, MI

As of June 10, 2025 the best value apartment in the Downtown Ferndale area is the $1.91 price per square foot D1 Three Bedroom Model at Flats at Iron Ridge in the in the Downtown Royal Oak neighborhood starting from $2,755. The second greatest value Downtown Ferndale apartment is the 20216 Stratford Rd Model at 20216 Stratford Rd, Unit 20216 starting at $1,300 with a $1.00 price per square foot in the Downtown Ferndale 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.
Flats at Iron RidgeD1 Three Bedroom3BR,2BA$1.91
20216 Stratford Rd, Unit 2021620216 Stratford Rd2BR,2BA$1.00
Oakfern ManorTwo Bed2BR,1BA$1.53
Huntington ParcRoanoke2BR,1BA$1.84
Sherwood HeightsThe Alan1BR,1BA$1.28
The NineA-31BR,1BA$2.32
484 E Breckenridge St1 Bedroom1BR,1BA$2.16
Center Street PlaceCenter Street Place - StudioStudio ,1BA$2.39
20830 Westview Ave, Unit 220830 Westview Ave1BR,1BA$2.00
304 College St, Unit 2304 College St1BR,1BA$2.11

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Ferndale, Ferndale, MI

Ranked #2

Among neighborhoods in Ferndale, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Downtown Ferndale Neighborhood in Ferndale, MI

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Downtown Ferndale Apartments

What is the Cheapest Studio apartment in Downtown Ferndale?

Currently the most affordable Cheap Studio Apartment in Downtown Ferndale is at Center Street Place listed at $1,195.

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

The lowest price for a Cheap One Bedroom Downtown Ferndale Apartment is $1,035 at Sherwood Heights.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Ferndale is starting from $1,055 at Sherwood Heights.

What is the most affordable Downtown Ferndale Three Bedroom Apartment?

The best deal on a cheap Downtown Ferndale Three Bedroom Apartment rental is at Flats at Iron Ridge and starts from $2,755.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.