Ferndale, MI Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Ferndale is $2,164, a 6.06% decrease compared to the previous year, when the average rent was $2,303.
One-bedroom apartments provide 731 square feet for $1,890, balancing privacy and affordability.
Two-beedroom units at $2,357 offer 1,049 square feet, perfect for roommates or small families.
Average rent in Ferndale, MI
Last updated: February 20, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,164 | 898 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,890 | 731 sq. ft. |
| 2 Beds | $2,357 | 1,049 sq. ft. |
| 3 Beds | n/a | n/a |
Ferndale, MI rent trends
Rental prices in Ferndale, MI have decreased by 6.06% over the past year. The average rent moved from $2,303 to $2,164.
What's the typical rent budget in Ferndale, MI?
The largest share of rentals in Ferndale, MI (51%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Ferndale, MI?
3,289 or 32% of the households in Ferndale, MI are renter-occupied while 6,871 or 68% are owner-occupied.
How Ferndale Compares to Other Cities
| City | Average Rent |
|---|---|
| Ferndale | $2,164 |
| Detroit | $1,316 |
| Grand Rapids | $1,547 |
| East Lansing | $1,769 |
| Lansing | $1,237 |
| Ann Arbor | $2,021 |
| Southfield | $1,402 |
| Kalamazoo | $1,308 |
| Farmington Hills | $1,464 |
| Ypsilanti | $1,270 |
| Westland | $1,151 |
| Rochester Hills | $1,674 |
| Sterling Heights, MI | $1,263 |
| Pontiac | $1,201 |
| Troy | $1,586 |
| Royal Oak, MI | $1,538 |
| Auburn Hills, MI | $1,575 |
| Southgate, MI | $1,216 |
| Taylor, MI | $1,185 |
| Warren, MI | $1,112 |
| Livonia, MI | $1,441 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Ferndale apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.