Cheap Homes for Rent in Downtown Ferndale Neighborhood of Ferndale, MI from $1,000 (27 Rentals)

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

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property at 143 E Drayton St

143 E Drayton St

FerndaleMI48220
property at 512 W 4th St

512 W 4th St, Unit 3

512 W 4th St
Royal OakMI48067

Downtown Ferndale, Ferndale, MI Local Guide

Cheapest Available Downtown Ferndale Apartments for Rent

 

The cheapest available apartment rental in the Downtown Ferndale area of Detroit, MI is a 1 Bed unit found at Sherwood Heights priced from $1,035. Breckenridge, Oakridge, Lewiston has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Downtown Ferndale apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Sherwood HeightsThe Alan1BR,1BA$1,035
Breckenridge, Oakridge, LewistonA One Bedroom - BRR1BR,1BA$1,195
484 E Breckenridge St1 Bedroom1BR,1BA$1,245
The NineA-21BR,1BA$1,250
Center Street PlaceCenter Street Place - Studio (Newly Renovated)Studio,1BA$1,275
Lewiston ApartmentsOne Bedroom One Bath (Partial Renovation)1BR,1BA$1,295
333 Marshall Apartments333 Marshall - 1 Bedroom (Newly Renovated)1BR,1BA$1,325
Huntington ParcRoanoke2BR,1BA$1,397

Best Value Apartments for Rent in Downtown Ferndale, MI

As of April 18, 2025 the best value apartment in the Downtown Ferndale area is the $1.57 price per square foot Sixth Street Lofts - 2 Bedroom 1.5 Bathrooms Model at Sixth Street Lofts in the in the Downtown Royal Oak neighborhood starting from $1,725. The second greatest value Downtown Ferndale apartment is the LiveWell 1 Bed 1 Bath FURNISHED Model at 626 E 4th St starting at $2,400 with a $2.37 price per square foot in the Woodward Heights neighborhood. Here is today’s list of the best values for Downtown Ferndale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sixth Street LoftsSixth Street Lofts - 2 Bedroom 1.5 Bathrooms2BR,1.5BA$1.57
626 E 4th StLiveWell 1 Bed 1 Bath FURNISHED1BR,1BA$2.37
Oakfern ManorTwo Bed2BR,1BA$1.53
Huntington ParcWoodward2BR,1BA$1.61
Sherwood HeightsThe Deyville2BR,1BA$1.33
304 E Saratoga St, Unit Flat 1304 E Saratoga St2BR,1BA$1.49
333 Marshall Apartments333 Marshall - 1 Bedroom (Newly Renovated)1BR,1BA$1.89
Lewiston ApartmentsOne Bedroom One Bath (Partial Renovation)1BR,1BA$1.90
Breckenridge, Oakridge, LewistonA One Bedroom - BRR1BR,1BA$1.76
484 E Breckenridge St1 Bedroom1BR,1BA$2.13

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Frequently Asked Questions about Downtown Ferndale

What type of rentals are currently available in Downtown Ferndale?

There are currently 139 Apartments for Rent in Downtown Ferndale, MI with pricing that ranges from $800 to $6,549. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ferndale ranging from $895 to $4,500.

What is the current price range for Rental Homes in Downtown Ferndale?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Ferndale ranges from $895 to $4,500 with an average monthly rent of $1,945.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.