Cheap Apartments for Rent in the Downtown Ferndale Neighborhood of Ferndale, MI from $700 (61 Rentals)

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

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347 E Saratoga St, Unit #2
$975
Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975
1 Bedroom Apartment Available Aug 1

347 E Saratoga St, Unit #2

347 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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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425 Vester St
$1,299 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $2,400

Total Monthly Price
$1,299 - $2,400
2 to 3 Bedroom Apartments Available Now

425 Vester St

425 Vester StFerndale, MI 48220
Student Living
  • Verified
property at 221 Flowerdale St

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

2 Bedroom, 1 Bath Home for Rent

Available Sep 14

221 Flowerdale St

FerndaleMI48220
property at 1938 Wrenson Street

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Now

1938 Wrenson Street

FerndaleMI48220
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118 Ardmore Drive
Studio to 1 Bedroom Apartments

118 Ardmore Drive

22444 Woodward AveFerndale, MI 48220
Senior Living
  • Utilities Included
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Catalpa Court
1 to 2 Bedroom Apartments

Catalpa Court

1305 W 9 MileFerndale, MI 48220
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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1500 E 10 Mile Rd
1 Bedroom Apartments

1500 E 10 Mile Rd

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

Flats of Ferndale

21201 Woodward AveFerndale, 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
property at 383 W Chesterfield St

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

2 Bedroom, 1 Bath Home for Rent

Available Now

383 W Chesterfield St

FerndaleMI48220

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 3350 McDowell St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available Now

3350 McDowell 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.

property at 23360 Carlisle Ave

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

1 Bedroom, 1 Bath Home for Rent

Available Now

23360 Carlisle Ave

Hazel ParkMI48030
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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

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.

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 Palmer Lofts Apartments priced from $850. Catalpa Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Downtown Ferndale apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Palmer Lofts Apartments1 BR/1 Bath1BR,1BA$850
Catalpa Court1 Beds, 1 Baths1BR,1BA$925
20460 Griggs StHouse2BR,1BA$950
484 E Breckenridge St1 Bedroom1BR,1BA$1,295
The Nine1 Bedroom, 1 Bathroom1BR,1BA$1,295
425 Vester St2 Bedroom2BR,1BA$1,299
Center Street PlaceStudio (Newly Renovated)Studio,1BA$1,325
333 Marshall Apartments333 Marshall - 1 Bedroom (Newly Renovated)1BR,1BA$1,325
Sherwood HeightsThe Friar2BR,2BA$1,330
Oakfern ManorTwo Bed2BR,1BA$1,400

Best Value Apartments for Rent in Downtown Ferndale, MI

As of July 28, 2026 the best value apartment in the Downtown Ferndale area is the $1.96 price per square foot Morse Row Model at The Harrison in the in the Royal Oak neighborhood starting from $3,486. The second greatest value Downtown Ferndale apartment is the C1 Two Bedroom Model at Flats at Iron Ridge starting at $2,950 with a $2.18 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.
The HarrisonMorse Row2BR,2.5BA$1.96
Flats at Iron RidgeC1 Two Bedroom2BR,2BA$2.18
Sherwood HeightsThe Friar2BR,2BA$1.21
Sixth Street LoftsSixth Street Lofts - 1 Bedroom Loft1BR,1BA$1.73
20460 Griggs StHouse2BR,1BA$1.04
Oakfern ManorTwo Bed2BR,1BA$1.75
Catalpa Court1 Beds, 1 Baths1BR,1BA$1.16
Lewiston ApartmentsTwo Bedroom One Bath (Renovated)2BR,1BA$1.96
333 Marshall Apartments333 Marshall - 1 Bedroom (Newly Renovated)1BR,1BA$1.89
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.

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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.

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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 $1,400.

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

The cheapest apartment in Downtown Ferndale is Palmer Lofts Apartments which is listed at $850, 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.

How do the prices of cheap apartments compare to the average apartment in Downtown Ferndale?

Cheap apartments in Downtown Ferndale have an average cost of $216 which is $4,284 cheaper than the average rent for all rentals in Downtown Ferndale.

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.

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