Ferndale renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Ferndale, MI map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Ferndale is about $1,123 per month. This puts it in the 82nd percentile compared to the state average cost of rent, which is $1,107. Households in Ferndale have a median income of $5,621 per month so the average renter in Ferndale is spending roughly 20% of their earnings on housing.

Nationally, and in Ferndale, home values are the data point most closely correlated with the cost of rent. The median price of a home in Ferndale is $197,854 right now, which is lower than cities nearby, meaning that rents in Ferndale also tend to be lower versus these nearby cities.

Higher rent prices are common in the northern parts of Ferndale while lower rent rates are often available in southwestern areas.

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