Flats at Iron Ridge
3351 Bermuda St,
Ferndale, MI 48220
$2,419 - $2,494
1-3 Beds
Rental Market Trends in Ferndale, MI
What is the average rent in Ferndale, MI?
$1,376/month
Average Rent
648 Sq Ft
Average Apartment Size
+0.7%
Increase in the Last Year
As of September 2025, the average rent in Ferndale, MI is $1,376 per month. This is 16% lower than the national average rent of $1,639/month, making renting in Ferndale more affordable than most cities in the US. When you rent an apartment in Ferndale, you can expect to pay about $1,551 per month for a studio, $1,376 for a one-bedroom apartment, and around $1,815 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 0.7%, which averages out to $10 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 September 2025
Legend
2024
2025
Rent Ranges in Ferndale, MI
Last Updated September 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, The Little Farms, Astons of Knowles Heights 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 Astons of Knowles Heights 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 The Little Farms .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Ferndale, MI?
Because the average rent in Ferndale is $1,376, you’ll want to make about $4,586 per month or $55,032 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
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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 September 2025.
* Percentages may not total 100 due to rounding.