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Apartments in 48220

31 - 31 of 31 Results
1
$1,000 - 1,350
925 Laprairie St
Ferndale, MI
1 BR | Ask for Availability
Contact
Downtown Ferndale
31 - 31 of 31 Results
  1. Home
  2. Detroit Area Apartments
  3. Ferndale
  4. 48220

How much does it cost to rent an apartment in 48220?

48220 apartments
Bed Type Average Rent Range
Studio $2,100 $1,700 - $2,550
1BR $1,610 $1,040 - $3,000
2BR $1,830 $1,100 - $3,730
3BR $1,670 $1,370 - $1,900
Frequently Asked Questions

How many apartments are available in 48220 on Rentable.co?

Rentable.co has 31 apartments available for rent in 48220.

What is the average rent for an apartment in 48220?

The average rent for an apartment in 48220 is around $1,800 per month.

What is the average rent for a one-bedroom apartment in 48220?

The average rent for a one-bedroom apartment in 48220 is around $1,610 per month.

What is the average rent for a two-bedroom apartment in 48220?

The average rent for a two-bedroom apartment in 48220 is around $1,825 per month.

What is the average rent for a studio apartment in 48220?

The average rent for a studio apartment in 48220 is around $2,095 per month.

Find an Apartment in 48220
If you're searching for apartments near 48220 in Ferndale, MI, Rentable has you covered! Currently, there are 84 apartments for rent in the 48220 zip code. The average rent in this area is $1,780, making it an attractive option for those looking for a new place to call home.

For those on a budget, there are 1-bedroom units available starting at $1,011. This provides an affordable option for renters looking to live in the 48220 area.

Ferndale offers a variety of top neighborhoods to choose from. Ridgewood Estates, Downtown Ferndale, and Herman W Meinke are a few notable ones. These neighborhoods offer a vibrant community environment with access to nearby amenities, parks, and points of interest.

So, if you're in search of apartments 48220 Ferndale, MI, look no further! Rentable has options that cater to different budgets and preferences. Take a look at our listings to find the perfect apartment for you in the 48220 area.

Ferndale:
December Rent Report

Welcome to the December 2024 Ferndale Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Ferndale rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Ferndale and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Ferndale average rent prices in the chart below.

Monthly Rent Report

$3,100
$2,330
$1,550
$780
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Ferndale Rent Prices Increase From November to December

Ferndale rent prices increased over the last month. From November to December, the city experienced a 4.91% increase for the price of a one-bedroom apartment. The rent price for a Ferndale one-bedroom apartments currently stands at $1,774.0.

When we take a look at the two-bedroom comparison from November to December, Ferndale experienced a 10.55% increase for the price of a two-bedroom apartment. The rent price for a Ferndale two-bedroom apartments currently stands at $3,028.0.

December Prices: Ferndale vs. Surrounding Areas

Rent Prices in Ferndale and Surrounding Areas

Rent prices have increased in Ferndale over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Ferndale suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Ferndale suburbs

  • Rents did not decrease in any of the Ferndale suburbs.

December 2024 Pricing Trends: Ferndale vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Ferndale Rent Prices More Affordable Than Major Cities

Rent growth in Ferndale over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Ferndale average rent prices appear to be relatively affordable for local residents.

The price for a Ferndale one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Ferndale and surrounding area rent prices, take a look at the complete data set below.

Data set for Ferndale and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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