Rent prices in cities near Ferndale
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Ferndale, MI Demographics
- Total Population20,139
Female 10,335Male 9,804
- Median Age34.8
The total population of Ferndale, MI is 20,139, of which 10,335 are men and 9,804 are women, according to the most recent U.S. Census Bureau estimates. The residents of Ferndale have a median age of 34.8.
Average Rent in Ferndale, MI
- Ferndale, MI Average Rental Price, July 2022 $1,841 /mo
Apartments in Ferndale, MI rent for $1,841 per month, on average.
Ferndale, MI Apartment Rent Ranges
Ferndale, MI Rent Trends
|Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021||Nov / 2021||Mar / 2022||Jul / 2022|
The average monthly rent in Ferndale, MI is around $1,841, while the national average rent is $1,706.
Ferndale, MI Households
- Total Number of Households10,188
Family 3,832Non-family 6,356
Children 1,524No Children 8,664
- Average People Per Household1.97
- Median Household Income$77,100
- Median Housing Costs Per Month$1,118
A total of 10,188 households live in Ferndale, MI, of which 3,832 are family households and 6,356 are non-family households, per U.S. Census estimates. Of these, approximately 1,524 households have children and 8,664 households do not have children. The average size of a household in Ferndale, MI is 1.97. The median household income in Ferndale is $77,100 annually, with $1,118 per month going towards housing.
Ferndale, MI Education Statistics
According to Census data, 1% of the population in Ferndale, MI have no high school education, 18% went to high school, 25% have some college education, 6% earned an Associate Degree, 33% earned a Bachelor Degree, and 17% earned a Graduate Degree.
Renting a studio apartment in Ferndale, MI
The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Ferndale, MI is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 25 listings with a total of 31 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Pontiac is the cheapest neighborhood in town—wink wink).
They are called efficiency apartments for a reason
In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Ferndale, MI average rent is currently at $1,357, but a single-bedroom apartment in Ferndale, MI can be yours for as low as $725 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Ferndale, MI with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Ferndale, MI costs a monthly $3,475.