
Cheap Studio Apartments for Rent in the Downtown Ferndale Neighborhood of Ferndale, MI from $700 (6 Rentals)


Ferndale Flats on Woodward

Sherwood Heights
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.

The Nine

The Aldor

Center Street Place
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Downtown Ferndale, Ferndale, MI Local Guide

How much does it cost to rent an apartment in Downtown Ferndale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
Downtown Ferndale Studio Apartments | $1,522 | $700 | $1,949 |
| Downtown Ferndale 1 Bedroom Apartments | $2,024 | $795 | $4,995 |
| Downtown Ferndale 2 Bedroom Apartments | $2,566 | $900 | $6,385 |
| Downtown Ferndale 3 Bedroom Apartments | $3,160 | $1,675 | $3,865 |
| Downtown Ferndale 4 Bedroom Apartments | $7,029 | $4,500 | $9,558 |
Explore Ferndale
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 The Aldor which is listed at $1,275, 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.
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Articles, How-To's, and Tips

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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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.