As of June 2026, rental prices in Ferndale, MI range from $1,073 to $2,401 per month depending on property type and bedroom count.
The most notable year-over-year change was seen in apartment 1BR units, where rents declined 9.91%.
For 3BR units, single-family homes command a median rent of $1,972, while condos/townhomes are higher at $2,240.
What is the rent range for apartments, condos, and single-family homes in Ferndale, MI as of June 2026?
As of June 2026, Ferndale, MI rents range from $1,073 for a 1BR apartment up to $2,401 for a 4BR condo/townhome.
Which rental segment in Ferndale, MI had an unusual or standout number in June 2026?
The 1BR single-family segment in Ferndale, MI had an unusually high month-over-month increase of 19.59%, jumping to $1,360 in June 2026.
Which segment experienced the sharpest month-over-month movement in Ferndale, MI?
The sharpest month-over-month change was in 1BR single-family rentals, with a 19.59% increase to $1,360 for June 2026.
What is the premium gap between condos/townhomes and single-family homes for the same bedroom count in Ferndale, MI?
For 4BR units in Ferndale, MI, condos/townhomes rent for $2,401 while single-family homes rent for $2,295, resulting in a $106 premium in favor of condos/townhomes as of June 2026.
Ferndale, MI
June 2026
48220
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,030 – $1,116
-5.37%
-9.91%
2-Bedroom
$1,509 – $1,657
-0.78%
5.05%
3-Bedroom
$1,981 – $2,091
8.56%
3.74%
4-Bedroom
$2,122 – $2,227
0.88%
3.89%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,307 – $1,374
4.54%
6.54%
2-Bedroom
$1,627 – $1,711
-2.33%
2.97%
3-Bedroom
$2,168 – $2,312
2.94%
5.26%
4-Bedroom
$2,335 – $2,478
1.87%
4.07%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,326 – $1,394
19.59%
9.30%
2-Bedroom
$1,560 – $1,724
1.18%
7.16%
3-Bedroom
$1,873 – $2,070
1.80%
7.99%
4-Bedroom
$2,222 – $2,369
9.04%
4.76%
Data updated: July 19, 2026
In the Ferndale (48220) rental market, 1-bedroom apartments posted a $1,073 median rent after falling 5.37% month-over-month and 9.91% year-over-year. This segment continues to see the sharpest annual rent decrease within Ferndale (48220), highlighting downward pressure on smaller apartment units.
After a substantial 19.59% rent surge in June, 1-bedroom single-family homes in Ferndale (48220) reached $1,360—outperforming 1-bedroom condos by $20. This recent increase sets single-family homes apart as the fastest-growing 1BR rental segment locally.
Among larger units, rental growth is most notable as Ferndale (48220) rental trends point to a 5.26% year-over-year gain for 3-bedroom condos, reaching $2,240. This performance surpasses the YoY growth recorded in the apartment and single-family 3BR categories.