Low Income Apartments and Affordable Housing For Rent in Ferndale, MI

Discover affordable housing in Ferndale where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Autumn House Elderly Apartments

415 Withington St, Ferndale, Michigan 48220

Devon Square

1225 Orchard Street, Ferndale, Michigan 48220

Royal Oak Towers

20800 Wyoming St, Ferndale, Michigan 48220

20832 Wyoming St

20832 Wyoming St, Ferndale, Michigan 48220

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ferndale, Michigan
$24.45/hour
$14.12 (+137%) more than Michigan minimum wage and $17.20 (+237%) more than the Federal minimum wage.
Learn More About Ferndale, Michigan Affordable Housing ↓

What HUD offices serve Ferndale, Michigan?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV), Moderate Rehabilitation, Family Unification Program (FUP) programs for Ferndale, Michigan.
Operates the Public Housing programs for Ferndale, Michigan.
Operates the Family Unification Program (FUP), Rental Assistance Demonstration (RAD), Family Self-Sufficiency, Public Housing, Section 8 Housing Choice Voucher (HCV) programs for Ferndale, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Ferndale, Michigan.
Operates the Section 8 Project-Based Voucher (PBV), Veteran Affairs Supportive Housing (VASH), Family Self-Sufficiency, Homeownership Voucher, Section 8 Housing Choice Voucher (HCV) programs for Ferndale, Michigan.

Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Ferndale.

How many renters live in Ferndale, Michigan?

The City of Ferndale has 19,264 people living in 10,234 households.

There are 5,680 renters living in 3,455 renter households in this City. Renters make up 29.49 percent of the population living in Ferndale.

What is the rental market like in Ferndale, Michigan?

There are an estimated 10,865 housing units in the Ferndale area. Of these, 3,629 units are rental homes, making up 33 percent of the housing market. For every renter household in Ferndale, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Ferndale?

The rental vacancy rate in Ferndale is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Ferndale for each bedroom size?

Occupied Rental Units by Size in Ferndale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
94 963 1,631 677 81
Occupied Rental Units by Size in Ferndale

A large number of apartments in Ferndale have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Ferndale are overburdened by housing costs?

Among renter households in this market, 33 percent have housing cost burden. Further, 17 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Ferndale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $920 to $1,719. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $920
One BR $1,019
Two BR $1,291
Three BR $1,595
Four BR $1,719
2024 Fair Market Rents in Ferndale, Michigan

How many units are rented at Fair Market Rent (FMR) in Ferndale?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 88 94 percent
One BR 607 63 percent
Two BR 692 42 percent
Rental Units Below FMR in Ferndale, Michigan

How many affordable rental units are in Ferndale?

There are a variety of federal affordable housing programs serving households in Ferndale, Michigan including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 60
Public Housing 166
Section 8 Project-Based Rental Assistance 60
Section 811 Supportive Housing for Persons with Disabilities 4
Tracked Units by Federal Program in Ferndale, Michigan

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Ferndale, Michigan

Ferndale features 354 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Ferndale, Michigan

There are 200 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ferndale.

Housing Choice Vouchers in Ferndale, Michigan

On average, Section 8 Housing Choice vouchers pay Ferndale landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Ferndale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ferndale, Michigan for a two-bedroom apartment is between $1,162 and $1,420.

Sourced from federal housing data and AffordableHousingOnline.com research.