Cheap Homes for Rent in Ferndale, MI from $600 (55 Rentals)

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

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.

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 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
property at 942 Baxter Ave

$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 Now

942 Baxter Ave

Madison HeightsMI48071

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 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

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.

Ferndale, MI Local Guide

Cheapest Available Ferndale Apartments for Rent

 

The cheapest available apartment rental in Ferndale, MI is a 1 Bed unit found at Palmer Lofts Apartments in the Pembroke neighborhood priced from $850. RCI Covington Apartments in the Fitzgerald neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Ferndale apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Palmer Lofts Apartments1 BR/1 Bath1BR,1BA$850
RCI Covington ApartmentsStudioStudio,1BA$875
Virginia ApartmentsApt 11Studio,1BA$895
Rosewood Manor Apartments2 Beds, 1 Baths2BR,1BA$1,000
North Royal Oak ApartmentsOne bedroom-One bathroom1BR,1BA$1,000
Warren ManorOne Bedroom - Classic Unit1BR,1BA$1,040
Maple Grove1 bed1BR,1BA$1,049
1500 E 10 Mile Rd1 Bedroom1BR,1BA$1,050
1771 E Woodward Heights Blvd1 Bedroom1BR,1BA$1,065
The Baxter Apartments1BR/1BA1BR,1BA$1,075

Best Value Apartments for Rent in Ferndale, MI

As of July 01, 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
20460 Griggs StHouse2BR,2BA$1.21
Rosewood Manor Apartments2 Beds, 1 Baths2BR,1BA$1.11
North Royal Oak ApartmentsTwo Bedroom-One bathroom2BR,1BA$1.47
Campbell Manor1 Bedroom1BR,1BA$1.28
The Baxter Apartments1BR/1BA1BR,1BA$1.54
1771 E Woodward Heights Blvd1 Bedroom1BR,1BA$1.55
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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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

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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 #35

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 $650 to $14,091. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ferndale ranging from $650 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 $650 to $7,500 with an average monthly rent of $2,002.

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 $875 to $6,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,200 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

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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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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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.