Flats at Iron Ridge
3351 Bermuda St,
Ferndale, MI 48220
1-3 Beds | $1,795 - $3,534
Rental Market Trends in Ferndale, MI
What is the average rent in Ferndale, MI?
$1,414/month
Average Rent
648 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
As of July 2025, the average rent in Ferndale, MI is $1,414 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Ferndale rent prices are 14% lower than the national average. When you rent an apartment in Ferndale, you can expect to pay about $1,566 per month for a studio, $1,414 for a one-bedroom apartment, and around $1,891 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,473 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Ferndale, MI?
In the past year, rent has increased by 3.4%, which averages out to $48 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Ferndale, MI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
23%
$700 - $1,000/month
54%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Ferndale?
Based on current rent prices, Astons of Knowles Heights, The Little Farms and Downtown Ferndale are the most affordable neighborhoods in Ferndale.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Ferndale?
Based on current rent prices, Tennyson Park, Downtown Ferndale and The Little Farms are the most expensive neighborhoods in Ferndale.
Neighborhood
Average Rent
Average Sq Ft
Which Ferndale neighborhoods have the most rentals available?
The neighborhoods in Ferndale with the most apartments available are Downtown Ferndale, Tennyson Park and Astons of Knowles Heights .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Ferndale, MI?
Because the average rent in Ferndale is $1,414, you’ll want to make about $4,713 per month or $56,556 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Ferndale, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Ferndale, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Ferndale we think you'll love
Property Management Companies in Ferndale, MI
The Ferndale Property Management Group, LLC
-
10
Communities
-
1,212
Units
-
6
Cities
3 Communities in Ferndale
Silverside Management LLC
-
21
Communities
-
836
Units
-
19
Cities
2 Communities in Ferndale
BEZTAK Properties
-
102
Communities
-
24,190
Units
-
58
Cities
1 Community in Ferndale
KMG Prestige
-
56
Communities
-
5,811
Units
-
36
Cities
1 Community in Ferndale
Friedman Real Estate
-
38
Communities
-
8,776
Units
-
26
Cities
1 Community in Ferndale
Trowbridge Companies
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17
Communities
-
2,152
Units
-
9
Cities
1 Community in Ferndale
VennPoint Real Estate LLC
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10
Communities
-
1,618
Units
-
9
Cities
1 Community in Ferndale
Singh Management
-
16
Communities
-
3,572
Units
-
8
Cities
1 Community in Ferndale
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.