Cheap Homes for Rent in Ferndale, MI from $800 (45 Rentals)

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Search the lowest-cost Homes available for rent right now in Ferndale.

property at 2201 Sonoma St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

2201 Sonoma St

FerndaleMI48220
property at 20248 Schaefer Hwy

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Condo for Rent

Available Now

20248 Schaefer Hwy

DetroitMI48235

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.

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.

property at 2023 Ardmore Dr

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

2023 Ardmore Dr

FerndaleMI48220

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.

property at 2055 Browning St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

2055 Browning St

FerndaleMI48220

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.

property at 464 W Marshall St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

464 W Marshall St

FerndaleMI48220

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

Ferndale, MI Local Guide

Cheapest Available Ferndale Apartments for Rent

 

The cheapest available apartment rental in Ferndale, MI is a Studio unit found at RCI Covington Apartments in the Fitzgerald neighborhood priced from $895. Virginia Apartments in the Downtown Royal Oak neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Ferndale apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RCI Covington ApartmentsStudioStudio,1BA$895
Virginia ApartmentsApt 11Studio,1BA$895
Palmer Lofts Apartments2BR/1 bath2BR,1BA$950
Warren ManorYou New Place Is Waiting1BR,1BA$990
Sherwood HeightsThe Alan1BR,1BA$995
North Royal Oak ApartmentsOne bedroom-One bathroom1BR,1BA$1,000
Palmer Park Square1BR/1BA1BR,1BA$1,016
Maple Grove1 bed1BR,1BA$1,049
1771 E Woodward Heights Blvd1 Bedroom1BR,1BA$1,050

Best Value Apartments for Rent in Ferndale, MI

As of May 17, 2026 the best value apartment in the Ferndale area is the $1.53 price per square foot Townhome Model at Amber Crossing in the in the Woodward Heights neighborhood starting from $2,395. The second greatest value Ferndale apartment is the 2 Bedroom Townhome Model at RCI Covington Townhouses starting at $1,395 with a $1.00 price per square foot in the Pembroke neighborhood. Here is today’s list of the best values for Ferndale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Amber CrossingTownhome3BR,2.5BA$1.53
RCI Covington Townhouses2 Bedroom Townhome2BR,1BA$1.00
RCI ShelbourneTwo Bedroom2BR,1BA$1.09
Royal Oak Crossings at GardeniaGardenia2BR,1BA$1.40
North Royal Oak ApartmentsTwo Bedroom-One bathroom2BR,1BA$1.47
Palmer Park Square1BR/1BA1BR,1BA$1.23
Sherwood HeightsThe Alan1BR,1BA$1.23
Campbell Manor1 Bedroom1BR,1BA$1.38
Palmer Lofts Apartments2BR/1 bath2BR,1BA$1.27
1771 E Woodward Heights Blvd1 Bedroom1BR,1BA$1.53

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 Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
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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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Pet Friendly Lifestyle
Ferndale, MI

Ranked #55

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ferndale, MI Rentals by Map

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Frequently Asked Questions about Ferndale

What type of rentals are currently available in Ferndale?

There are currently 306 Apartments for Rent in Ferndale, MI with pricing that ranges from $775 to $17,169. There are also 112 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ferndale ranging from $800 to $7,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ferndale ranges from $800 to $7,500 with an average monthly rent of $2,434.

How much are larger Three and Four Bedroom Rentals in Ferndale?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ferndale range from $1,300 to $7,008, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $4,500.

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

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

Written by: Tim Brown

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

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown

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 and have witnessed the city and its surrounding metro area undergo a renaissance.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

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.