Long-term Rental Rates — September 2026 · ZIPs: 48220
Local market data by Estaite
As of September 2026, rental prices in Ferndale (48220), in the Detroit metro area, range from $1,260 to $2,476 per month depending on property type and bedroom count.
The largest year-over-year increase was for single-family 3BR rentals in Ferndale, MI, rising 6.64% since September 2025.
For 3-bedroom properties, condos/townhomes have a higher median rent at $2,279 versus $2,013 for single-family homes in Ferndale, MI.
What is the range of monthly rents in Ferndale, MI for September 2026?
In September 2026, Ferndale, MI rental prices range from $1,260 for a 1BR apartment up to $2,476 for a 4BR condo/townhome.
Are there any outlier rental prices in Ferndale, MI as of September 2026?
Yes, the most expensive rental segment in Ferndale, MI is 4BR condos/townhomes at $2,476, which stands out as the highest median rent for September 2026.
Which rental segment in Ferndale, MI had the largest month-over-month change in September 2026?
The 2BR apartment segment in Ferndale, MI saw the sharpest month-over-month movement with a 6.78% increase between August and September 2026.
What is the rent premium between condos/townhomes and single-family homes for 2BR units in Ferndale, MI?
In September 2026, 2BR condos/townhomes in Ferndale, MI rent for $1,605, which is $23 less than 2BR single-family homes at $1,628, meaning single-family homes command a slight premium for this bedroom count.
Ferndale, MI· Detroit metro
September 2026
48220
Long-term Rental Rates
Long-term rental rates for Ferndale (48220), in the Detroit metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,222 – $1,298
0.09%
2.76%
2-Bedroom
$1,446 – $1,566
6.78%
-1.96%
3-Bedroom
$1,955 – $2,055
-2.96%
-0.51%
4-Bedroom
$2,196 – $2,293
0.36%
3.87%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,344 – $1,405
2.10%
5.89%
2-Bedroom
$1,553 – $1,656
0.33%
-4.36%
3-Bedroom
$2,249 – $2,331
-0.35%
4.83%
4-Bedroom
$2,439 – $2,521
0.04%
4.34%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,299 – $1,357
-4.65%
4.24%
2-Bedroom
$1,547 – $1,709
-2.60%
6.34%
3-Bedroom
$1,913 – $2,114
-2.40%
6.64%
4-Bedroom
$2,291 – $2,442
-0.20%
3.52%
Data updated: October 19, 2026
Ferndale Rental Trends · Detroit metro
In the Ferndale (48220) rental market, 1-bedroom apartments saw a month-over-month increase of 8.66%, pushing median rent to $1,259. This segment's 6.3% year-over-year growth underscores its upward momentum as one of the most rapidly appreciating multifamily categories in August 2026.
For 3-bedroom units in Ferndale (48220), single-family homes reached $2,063—outperforming 3-bedroom condos/townhomes at $1,887 by $176. The single-family segment posted a 9.85% year-over-year gain, surpassing the 5% growth seen in comparable condos/townhomes.
Recent data from Ferndale (48220) rental trends show that 2-bedroom apartments dropped 7.08% month-over-month to $1,410, with a 7.28% decrease year-over-year. This segment experienced the most pronounced downturn among multifamily options compared to larger units with positive annual gains.