Long-term Rental Rates — August 2026 · ZIPs: 48220
Local market data by Estaite
As of August 2026, rental prices in Ferndale, MI range from $1,280 to $2,475 per month depending on property type and bedroom count.
The most notable year-over-year change is a 9.58% increase for 1-bedroom single-family homes in Ferndale, MI.
For 3-bedroom units, median rents are $2,066 for apartments and $2,287 for condos/townhomes in Ferndale, MI.
What is the current rent range for apartments and homes in Ferndale, MI?
As of August 2026, median rents in Ferndale, MI span from a low of $1,280 (1BR apartment) up to $2,475 (4BR condo/townhome) per month depending on property type and bedroom size.
Is there any rental segment in Ferndale, MI with an especially large or unusual figure this month?
The most unusually high median rent in Ferndale, MI is for 4-bedroom condos/townhomes, which reached $2,475 in August 2026.
Which segment in Ferndale, MI had the largest month-over-month rent change in August 2026?
The sharpest month-over-month movement was in 1-bedroom apartments, which jumped 10.52% from July to August 2026 in Ferndale, MI.
How much more do condos/townhomes cost compared to single-family homes for the same bedroom count in Ferndale, MI?
In August 2026, 3-bedroom condos/townhomes rent for $2,287 versus $2,056 for single-family homes, a premium of $231 for condos/townhomes in Ferndale, MI.
Ferndale, MI
August 2026
48220
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,208 – $1,309
8.66%
6.30%
2-Bedroom
$1,375 – $1,445
-7.08%
-7.28%
3-Bedroom
$2,032 – $2,118
-0.22%
2.94%
4-Bedroom
$2,176 – $2,290
0.91%
4.37%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,317 – $1,376
3.27%
5.09%
2-Bedroom
$1,548 – $1,651
-0.29%
-3.18%
3-Bedroom
$2,224 – $2,360
0.66%
5.00%
4-Bedroom
$2,410 – $2,521
0.98%
4.78%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,358 – $1,428
8.05%
9.58%
2-Bedroom
$1,588 – $1,755
-0.19%
6.74%
3-Bedroom
$1,960 – $2,166
3.08%
9.85%
4-Bedroom
$2,288 – $2,454
-0.81%
7.39%
Data updated: September 23, 2026
Ferndale Rental Trends
In the Ferndale (48220) rental market, 1-bedroom apartments saw the most pronounced monthly growth, with median rent jumping 10.52% to $1,280. This segment also recorded an 8.12% year-over-year increase, making it the fastest-rising unit type for both short- and long-term measurements in Ferndale (48220).
Median rent in Ferndale (48220) for 2-bedroom condos/townhomes reached $1,599, outpacing 2-bedroom apartments at $1,454 by $145. Despite this premium, 2-bedroom condos/townhomes experienced a modest month-over-month decline of -0.29% and a year-over-year decrease of -3.18%.
Ferndale (48220) rental trends show 3-bedroom single-family homes rising 2.75% month-over-month to $2,056. This segment also posted a 9.49% year-over-year gain, making it one of the stronger performers among larger units for investors tracking rent growth.