The Griffin Royal Oak
25090 Woodward Ave,
Royal Oak, MI 48067
Studio - 3 Beds | $1,887 - $4,659
Rental Market Trends in Ferndale, MI
Updated July 2026
The average rent in Ferndale, MI is $1,428/month.
Rent in Ferndale is roughly equal to the national average rent of of $1,663/month.
$1,428/month
Average Rent
650 Sq Ft
Average Size
+1.7%
Change / Year
281
Available Apartments
Ferndale rent varies by unit size and layout:
- Studio apartments in Ferndale average $1,575 per month.
- One-bedroom apartments in Ferndale average $1,428 per month.
- Two-bedroom apartments in Ferndale average $1,880 per month.
- Three-bedroom apartments in Ferndale average $3,502 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Ferndale, MI?
In the past year, rent has increased by 1.7%, which averages out to $25 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Ferndale, MI
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
18%
$700 - $1,000/month
54%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Ferndale?
Based on current rent prices, Downtown Ferndale is the most affordable neighborhood in Ferndale.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Ferndale?
Based on current rent prices, Downtown Ferndale is the most expensive neighborhood in Ferndale.
Neighborhood
Average Rent
Average Sq Ft
Which Ferndale neighborhoods have the most rentals available?
The neighborhood in Ferndale with the most apartments available is Downtown Ferndale .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Ferndale, MI?
Because the average rent in Ferndale is $1,428, you’ll want to make about $4,760 per month or $57,120 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.
View the Ferndale Area GuideStudio
$1,653/month
$1,653/month
One Bedroom
$1,839/month
$1,839/month
Two Bedroom
$2,132/month
$2,132/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Ferndale?
The average rent in Ferndale is $1,428 per month, which is 14.1% lower than the national average of $1,663.
What is the average rent for a house in Ferndale?
The average rent for a house in Ferndale, MI is $1,994 per month.
Are rents going up or down in Ferndale?
Rents in Ferndale, MI are increasing, with prices up 1.7% year-over-year and $25 more per month.
What rent range is most common in Ferndale?
In Ferndale, MI, 54% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.