Cheap Homes for Rent in Ferndale, MI from $700 (44 Rentals)

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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

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Check Out Detroit’s Best Affordable Neighborhoods

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Ferndale, MI Local Guide

Cheapest Available Ferndale Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ferndale, MI is a 1 Bed unit found at Florentine East in the Fitzgerald neighborhood priced from $750. Birchcrest Apartments in the Fitzgerald neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Ferndale apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Florentine EastOne Bedroom1BR,1BA$750
Birchcrest ApartmentsOne Bedroom Den1BR,1BA$895
Sherwood HeightsThe Alan1BR,1BA$935
RCI Covington ApartmentsStudioStudio,1BA$945
The Baxter Apartments1BR/1BA1BR,1BA$995
Palmer Park Square1BR/1BA1BR,1BA$1,016
Maple Grove1 bed1BR,1BA$1,039
Campbell Manor1 Bedroom1BR,1BA$1,050
Sunrise at LincolnA1PR1BR,1BA$1,069

Best Value Apartments for Rent in Ferndale, MI and Nearby

As of June 21, 2025 the best value apartment in the Ferndale area is the $1.07 price per square foot 2 Bedroom Townhome Model at RCI Covington Townhouses in the in the Pembroke neighborhood starting from $1,395. The second greatest value 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 Ferndale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
RCI Covington Townhouses2 Bedroom Townhome2BR,1BA$1.07
20216 Stratford Rd, Unit 2021620216 Stratford Rd2BR,2BA$1.00
608 E Bernhard Ave, Unit Lower608 E Bernhard Ave2BR,1BA$1.10
Sherwood HeightsThe Deyville2BR,1BA$1.17
RCI ShelbourneOne Bedroom1BR,1BA$1.29
North Royal Oak ApartmentsTwo Bedroom-One bathroom2BR,1BA$1.50
Palmer Park Square1BR/1BA1BR,1BA$1.23
Campbell Manor1 Bedroom1BR,1BA$1.40
The Baxter Apartments1BR/1BA1BR,1BA$1.42
Florentine EastOne Bedroom1BR,1BA$1.07

Quick Rent Budget Calculator

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Frequently Asked Questions about Ferndale

What type of rentals are currently available in Ferndale?

There are currently 297 Apartments for Rent in Ferndale, MI with pricing that ranges from $750 to $8,589. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ferndale ranging from $725 to $4,000.

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 $725 to $4,000 with an average monthly rent of $1,709.

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.