Cheap Apartments for Rent in Ferndale, MI from $500 (86 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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22444 Woodward Ave
1 Bedroom Apartments

22444 Woodward Ave

22444 Woodward AveFerndale, MI 48220
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Margo Manor Apartments
2 Bedroom Apartments

Margo Manor Apartments

1250-1270 W 9 Mile RdFerndale, MI 48220
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1619 W 9 Mile
1 Bedroom Apartments

1619 W 9 Mile

1619 W 9 Mile RdFerndale, MI 48220
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown

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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 Florentine East in the Fitzgerald neighborhood priced from $750. Ferndale Flats in the Downtown Ferndale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Ferndale apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Florentine EastOne Bedroom1BR,1BA$750
Ferndale FlatsS2Studio,1BA$850
Birchcrest ApartmentsOne Bedroom Den1BR,1BA$895
RCI Covington ApartmentsStudioStudio,1BA$945
The Baxter Apartments1BR/1BA1BR,1BA$995
Palmer Park Square1BR/1BA1BR,1BA$1,016
Sherwood HeightsThe Alan1BR,1BA$1,035

Best Value Apartments for Rent in Ferndale, MI

As of May 18, 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 Fitzgerald neighborhood starting from $1,395. The second greatest value Ferndale apartment is the 17147 Prairie St Model at 17147 Prairie St, Unit 17147 starting at $875 with a $0.80 price per square foot in the Fitzgerald 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
17147 Prairie St, Unit 1714717147 Prairie St2BR,1BA$0.80
Oakfern ManorTwo Bed2BR,1BA$1.53
Sherwood HeightsThe Deyville2BR,1BA$1.33
North Royal Oak ApartmentsTwo Bedroom-One bathroom2BR,1BA$1.50
RCI ShelbourneOne Bedroom1BR,1BA$1.29
Palmer Park Square1BR/1BA1BR,1BA$1.23
Stephenson House - Madison Heights, MITwo Bed, One Bath2BR,1BA$1.53
Florentine EastOne Bedroom1BR,1BA$1.07
The Baxter Apartments1BR/1BA1BR,1BA$1.42

Quick Rent Budget Calculator

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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 #44

Among cities in Michigan for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Ferndale, MI

School data provided by Great Schools

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

Explore Ferndale, MI Rentals by Map

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See the most popular apartments and homes in Ferndale, MI

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Getting Around Ferndale, MI

Walk Score®

77 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Ferndale Apartments

What is the Cheapest Studio apartment in Ferndale?

Currently the most affordable Cheap Studio Apartment in Ferndale is at Ferndale Flats listed at $850.

How much is rent for a Cheap One Bedroom Ferndale Apartment?

The lowest price for a Cheap One Bedroom Ferndale Apartment is $750 at Florentine East.

What is the lowest price for a Cheap Two Bedroom Ferndale Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ferndale is starting from $850 at Florentine East.

What is the most affordable Ferndale Three Bedroom Apartment?

The best deal on a cheap Ferndale Three Bedroom Apartment rental is at Palmer Park Square and starts from $1,095.

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.

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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.