Cheap Homes for Rent in Downtown Ferndale Neighborhood of Ferndale, MI from $700 (23 Rentals)

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Search the lowest-cost Homes 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.

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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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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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property at 143 E Drayton St

143 E Drayton St

FerndaleMI48220
Showing Results 1-23, Page 1 of 1

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 Sherwood Heights priced from $935. The Aldor has the second lowest priced unit, which is a Studio apartment currently listed from $1,275. Here are the most affordable Downtown Ferndale apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Sherwood HeightsThe Alan1BR,1BA$935
The AldorThe Aldor - StudioStudio,1BA$1,275
The NineStudio +Studio,1BA$1,399
Oakfern ManorTwo Bed2BR,1BA$1,450
Huntington ParcWoodward2BR,1BA$1,484

Best Value Apartments for Rent in Downtown Ferndale, MI

As of July 02, 2025 the best value apartment in the Downtown Ferndale area is the $2.49 price per square foot B1 Model at The Harrison in the in the Woodland Park neighborhood starting from $3,405. 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 Pembroke 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 HarrisonB12BR,2BA$2.49
20216 Stratford Rd, Unit 2021620216 Stratford Rd2BR,2BA$1.00
608 E Bernhard Ave, Unit Lower608 E Bernhard Ave2BR,1BA$1.10
Oakfern ManorTwo Bed2BR,1BA$1.53
Huntington ParcRoanoke2BR,1BA$1.84
Sherwood HeightsThe Deyville2BR,1BA$1.17
333 Marshall Apartments333 Marshall - 1 Bedroom1BR,1BA$1.75
324 E 3rd St, Unit 2324 E 3rd St1BR,1BA$2.42
484 E Breckenridge St1 Bedroom1BR,1BA$2.01
304 College St, Unit 2304 College St1BR,1BA$2.11

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown Ferndale

What type of rentals are currently available in Downtown Ferndale?

There are currently 137 Apartments for Rent in Downtown Ferndale, MI with pricing that ranges from $813 to $6,075. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ferndale ranging from $750 to $3,500.

What is the current price range for Rental Homes in Downtown Ferndale?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Ferndale ranges from $750 to $3,500 with an average monthly rent of $1,746.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.