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Location
531 Albany St, Ferndale, MI 48220, USA
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Amenities for 531 Albany St
Apartment Amenities
| Central Air | Hardwood Floor |
| High Ceilings | Natural Gas |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Basement | Onsite Laundry |
Grounds
| Garage Parking | Outdoor Space |
| Storage |
Other
| Architecture Style: Ranch | Roof Type: Asphalt |
| Seven Rooms | Updated in 2023 |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 531 Albany St
Property Status: Active Perfect ranch home very close to downtown! Recently updated! Kitchen with all modern appliances and granite counter tops. Wood floors throughout 1st floor living spaces. Fully updated full bathroom! Laundry in unit. Partially finished basement with high ceilings and work from home space adds SOOOO much more living space to this home! Lots of storage space in laundry room. 1.5 car garage. Fenced backyard. No pets...don't call and ask...no pets. Pet rock...ok. Imaginary pets...even better. RentSpree application fee, 1.5month security deposit. Tenant responsible for gas, electric, water. Owner maintains lawn, landscape and gutters. Available for move in 1st week of December Office Phone: (248) 288-3500 Copyright © 2025 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.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 531 Albany St compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Address details
| Zip code | 48220 |
|---|---|
| Type | House for rent |
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Rent trends in Ferndale
2-bedroom apartments at 531 Albany St cost about 16% more than the average rent price for 2-bedroom apartments in Ferndale.
Median rents as of Nov 1 2025.
Ferndale
| Month | Median Rent |
|---|---|
| November 2023 | $1,600 |
| December 2023 | $1,600 |
| January 2024 | $1,562 |
| February 2024 | $1,499 |
| March 2024 | $1,583 |
| April 2024 | $1,683 |
| May 2024 | $1,611 |
| June 2024 | $1,550 |
| July 2024 | $1,587 |
| August 2024 | $1,599 |
| September 2024 | $1,562 |
| October 2024 | $1,540 |
| November 2024 | $1,474 |
| December 2024 | $1,440 |
| January 2025 | $1,442 |
| February 2025 | $1,458 |
| March 2025 | $1,440 |
| April 2025 | $1,503 |
| May 2025 | $1,685 |
| June 2025 | $1,900 |
| July 2025 | $1,599 |
| August 2025 | $1,597 |
| September 2025 | $1,598 |
| October 2025 | $1,598 |
| November 2025 | $1,600 |
Affordability calculator
Can I afford to live at 531 Albany St?
Bedrooms
2 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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 2-bedrooms monthly rent price of $1,850.
For more information on rent affordability, visit our rent calculator.
Schools near 531 Albany 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+
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Internet available near 531 Albany St
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Ferndale near 531 Albany St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 531 Albany St, Ferndale
Groceries
4/10
At least one supermarket within a 20-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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