Ferndale, MI Rental Market Trends
The average rent for an apartment in Ferndale is $1,754, a change amounting to approximately 0% compared to the previous year.
Average Rent in Ferndale, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,754||0%||719 sq. ft.|
The average size for a Ferndale, MI apartment is 719 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Ferndale, MI Apartment Rent Ranges
- > $2,00028%
Ferndale, MI Occupied Housing Units
- Renter-occupied Households63%
- Owner-occupied Households36%
6,432 or 63% of the households in Ferndale, MI are renter-occupied while 3,763 or 36% are owner-occupied.
Ferndale, MI Rent Trends
|Nov / 2019||Feb / 2020|
How Ferndale Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Ferndale rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!