Updated 2 Hours Ago
Location
242 University St, Ferndale, MI 48220, USA
Tour 242 University St
Contact
Nearby rentals
Property management
Apartments for rent WindsorApartments for rent DetroitApartments for rent SarniaApartments for rent Central CityApartments for rent Mount ClemensApartments for rent SandwichApartments for rent YpsilantiApartments for rent UniversityApartments for rent Clinton TownshipApartments for rent RiversideApartments for rent ClarkstonApartments for rent Ann ArborApartments for rent UticaApartments for rent UticaApartments for rent PontiacApartments Near Me
Houses for rent Ann ArborHouses for rent Farmington HillsHouses for rent WindsorHouses for rent Oakland charter TownshipHouses for rent DetroitHouses for rent BirminghamHouses for rent NoviHouses for rent WayneHouses for rent TroyHouses for rent Sterling HeightsHouses for rent UticaHouses for rent Orchard Lake VillageHouses for rent Royal OakHouses for rent Bloomfield HillsHouses for rent Mount ClemensHouses for rent near me
Amenities for 242 University St
Features
| 2 Floors | Central Air |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Basement | Exterior Type: Brick |
Grounds
| Garage Parking | Outdoor Space |
Other
| Architecture Style: Bungalow | Exterior Type: Vinyl |
| Roof Type: Asphalt | Seven Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 242 University St
Property Status: Active Enjoy all that Ferndale has to offer from the inviting front porch of this tastefully restored 1920s bungalow! This charming 3-bedroom, 1-bath home beautifully preserves its original character. The updated kitchen offers white cabinetry, a snack bar, stainless steel appliances, leathered black granite countertops, and a farmhouse sink. The deep, fully fenced backyard provides plenty of outdoor space to relax and entertain. Additional features include a detached 2-car garage with a single garage door opening and a basement with a unique walkout to the backyard and an air compressor line. Ideally located just six blocks from downtown Ferndale, with easy access to local restaurants, shops, and entertainment. Don't miss this opportunity to lease a home full of timeless character and modern updates! Office Phone: (248) 396-8881 Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Address details
| Zip code | 48220 |
|---|---|
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Ferndale
3-bedroom apartments at 242 University St cost about 1% less than the average rent price for 3-bedroom apartments in Ferndale.
Median rents as of Oct 17 2026.
Ferndale
| Month | Median Rent |
|---|---|
| November 2024 | $1,785 |
| December 2024 | $1,710 |
| January 2025 | $1,774 |
| February 2025 | $1,800 |
| March 2025 | $1,815 |
| April 2025 | $2,087 |
| May 2025 | $2,180 |
| June 2025 | $2,200 |
| July 2025 | $2,125 |
| August 2025 | $1,992 |
| September 2025 | $1,997 |
| October 2025 | $1,878 |
| November 2025 | $1,890 |
| December 2025 | $1,937 |
| January 2026 | $1,928 |
| February 2026 | $1,950 |
| March 2026 | $1,998 |
| April 2026 | $1,982 |
| May 2026 | $1,899 |
| June 2026 | $1,910 |
| July 2026 | $1,950 |
| August 2026 | $2,070 |
| September 2026 | $2,037 |
| October 2026 | $2,007 |
Affordability calculator
Can I afford to live at 242 University St?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 3-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
Schools near 242 University St
Ferndale Lower Elementary Campus
2610 pinecrest dr
ferndale, MI, 48220
K-3Public
C
Ferndale Upper Elementary Campus
24220 rosewood st
oak park, MI, 48237
K-6Public
C+
Schofield Elementary School
21555 warner ave
warren, MI, 48091
KPublic
B+
The School at Marygrove
8425 w mcnichols rd
detroit, MI, 48221
K-12Public
C-
Kennedy Learning Center
16229 mount vernon st
southfield, MI, 48075
PK, K-12Public
Getting around Ferndale near 242 University St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 242 University St, Ferndale
Groceries
7/10
The nearest general grocery store is within a 15-minute walk, and there are also some specialist food stores nearby.
Shopping
5/10
Several fashion stores are within a short walk.
Cafes
5/10
The closest café is within a 10-minute walk, and there are a few other cafés within walking distance.
Restaurants
5/10
Several restaurants are within a short walk.
Primary schools
9/10
At least one elementary school within a 5-to-10-minute walk.
High schools
10/10
At least one high school within a 5-minute walk.
Parks
6/10
Few parks in the area.
Nightlife
4/10
Some bars are within walking distance.
Explore the area around 242 University St
9 & Hilton Market
823 E 9 Mile Rd
Online Indian Grocery
1008 Orchard St
Ferndale Foods
600 W 9 Mile Rd
Meijer
1301 W 8 Mile Rd
Kroger
23101 John R Rd
K Flair Fashion Studios
22442 Woodward Ave
Tux on 9 LLC
522 E 9 Mile Rd
Noir Leather
175 W 9 Mile Rd
Clout Apparel
22801 Woodward Ave
Modern Natural Baby
200 W 9 Mile Rd
Caribou Coffee
22134 Woodward Ave
Dessert Oasis Coffee Roasters
927 Hilton Rd
Dunkin'
22451 Woodward Ave
Balam Coffee & Wine
207 E 9 Mile Rd
Luminesso Coffee
1938 Burdette 3027
Luxury Lanes
600 E 9 Mile Rd
Sneakers Pub
22628 Woodward Ave
Mezcal Mexican Bar & Kitchen
201 E 9 Mile Rd
J's Penalty Box Sports Bar
22726 Woodward Ave
Traverse City Whiskey Co Outpost
22812 Woodward Ave
The Honey Baked Ham Company
22304 Woodward Ave
Ori Kami Organics
22801 Woodward Ave
GNC
22831 Woodward Ave
Natural Food Patch
221 W 9 Mile Rd
Cupcake Station
301 W 9 Mile Rd
Wilson Park
Ferndale Dog Park
David Oppenheim Memorial Park
Montesory School Playground
Fair Park
Taco Bell
21900 Woodward Ave
Frick'n Good Cookies
22020 Woodward Ave
Caribou Coffee
22134 Woodward Ave
Dunkin'
22451 Woodward Ave
Baskin-Robbins
22451 Woodward Ave
Woodward / Marshall
Woodward Local, Woodward Local
Woodward / Marshall
Woodward Local, Woodward Local
Hilton / University
Rochester
Hilton / Marshall
Rochester
Hilton / Marshall
Rochester
Royal Oak Amtrak
Wolverine
Compare similar properties nearby
North Park Towers
Our team has verified this companySouthfield Downtown • 16500 North Park Drive
2 Beds
$1,839–$1,989
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
Grayhaven Marina Village
Our team has verified this company13010 Avondale Street
2 Beds
$1,500–$1,700
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
ARCTERRA
Our team has verified this companyDowntown Detroit • 313 Park Ave
2 Beds
$2,300–$3,110
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.- fitness center
- dogs and cats ok
- dishwasher
The Ashley Apartments
Our team has verified this companyDowntown Detroit • 1538 Centre Street
2 Beds
$1,550–$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
The Alcove Southfield
Our team has verified this company26642 Central Park Blvd
2 Beds
$1,395
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.- fitness center
- dogs and cats ok
- dishwasher
The Millie on Brush
Our team has verified this companyDowntown Detroit • 555 Brush St
2 Beds
$2,000–$3,205
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.- fitness center
- dogs and cats ok
- dishwasher
The James 55+
Our team has verified this companyDowntown Ferndale • 22111 Woodward Ave
2 Beds
$1,925–$3,355
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
Marwood Apartments
Our team has verified this companyCentral • 53 Marston St
2 Beds
$910–$1,515
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
North Park Towers
Our team has verified this companySouthfield Downtown • 16500 North Park Drive
2 Beds
$1,839–$1,989
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
Grayhaven Marina Village
Our team has verified this company13010 Avondale Street
2 Beds
$1,500–$1,700
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
ARCTERRA
Our team has verified this companyDowntown Detroit • 313 Park Ave
2 Beds
$2,300–$3,110
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.- fitness center
- dogs and cats ok
- dishwasher
The Ashley Apartments
Our team has verified this companyDowntown Detroit • 1538 Centre Street
2 Beds
$1,550–$2,000
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
The Alcove Southfield
Our team has verified this company26642 Central Park Blvd
2 Beds
$1,395
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.- fitness center
- dogs and cats ok
- dishwasher
The Millie on Brush
Our team has verified this companyDowntown Detroit • 555 Brush St
2 Beds
$2,000–$3,205
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.- fitness center
- dogs and cats ok
- dishwasher
The James 55+
Our team has verified this companyDowntown Ferndale • 22111 Woodward Ave
2 Beds
$1,925–$3,355
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
Marwood Apartments
Our team has verified this companyCentral • 53 Marston St
2 Beds
$910–$1,515
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.- fitness center
- dogs and cats ok
- dishwasher
