Updated 5+ Days Ago
Highlights
- Modern kitchen
- High-end appliances
- No smoking
- European-style walk-in shower
Location
316 Spencer St, Ferndale, MI 48220, USA
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Property Overview
316 Spencer presents as a strong rental option with an overall Zumper Expert Rating of 8.5, supported by excellent scores for price, amenities, and location, plus a solid trustworthiness rating. Its standout features include a modern kitchen, high-end appliances, a European-style walk-in shower, and a no-smoking policy, while the many photos and nearby top-rated elementary school add to its appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Dishwasher
- Images Available
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $1,225 /mo | 1 unit available | Please click 'inquire', 'more info' or 'schedule showing' and you will be sent an email link to set up your personal tour. ** Please do not disturb current residents. ** Welcome to your new home in Ferndale, MI! This 1-bedroom, 1-bathroom upper flat boasts a modern and updated kitchen with quartz countertops and high-end appliances. The European-style walk-in shower of the massive bathroom adds a touch of luxury to your daily routine. Enjoy the convenience of a shared high-efficiency washer and dryer right at your fingertips. Located close to downtown Ferndale, you'll have easy access to all the shopping, dining, and entertainment the area has to offer. The freshly painted exterior gives the home a fresh and inviting look. Don't miss out on this opportunity to make this apartment your own by scheduling a showing today! Requirements: 1-year lease 620+ credit score required Applicant(s) total pre-tax income must be at least 3x monthly rent No evictions in past 5 years No active/unsettled bankruptcies No smoking No pets $59 application fee per adult Utilities: Gas and electricity are tenant responsibility Water is a flat $40/month Lawncare is included in the rent Other applicable fees due at signing: $200 cleaning fee 1.5 month cash deposit OR security deposit insurance (lower move-in costs option available!) $35.95/month Resident Benefits Package (includes renters insurance, credit building, ID protection, etc.) | ||
| 2BR/1.0BA | 2 bed | 1 bath | $1,625 /mo | 1 unit available | Please click 'inquire', 'more info' or 'schedule showing' and you will be sent an email link to set up your personal tour. ** Please do not disturb current residents. ** Welcome to your new home in Ferndale, MI! This 2-bedroom, 1-bathroom apartment boasts a modern and updated kitchen with quartz countertops and high-end appliances. The European-style walk-in shower adds a touch of luxury to your daily routine. Enjoy the convenience of a shared high-efficiency washer and dryer right at your fingertips. Located close to downtown Ferndale, you'll have easy access to all the shopping, dining, and entertainment the area has to offer. The freshly painted exterior gives the home a fresh and inviting look. Don't miss out on this opportunity to make this apartment your own by scheduling a showing today! Requirements: 1-year lease 620+ credit score required Applicant(s) total pre-tax income must be at least 3x monthly rent No evictions in past 5 years No active/unsettled bankruptcies No smoking No pets $59 application fee per adult Utilities: Gas and electricity are tenant responsibility Water is a flat $50/month Lawncare is included in the rent Other applicable fees due at signing: $300 cleaning fee 1.5 month cash deposit OR security deposit insurance (lower move-in costs option available!) $35.95/month Resident Benefits Package (includes renters insurance, credit building, ID protection, etc.) |
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Amenities for 316 Spencer
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Dryer | Freshly Painted Exterior |
| Quartz Countertops | Updated Kitchen |
| Washer |
Appliances
| Dishwasher | Garbage Disposal |
| Gas Cooktop | High End Appliances |
| In-Unit Laundry | Lawn Mower |
| Oven | Range |
| Refrigerator |
Grounds
| Outdoor Space |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 316 Spencer
Please click 'inquire', 'more info' or 'schedule showing' and you will be sent an email link to set up your personal tour. ** Please do not disturb current residents. ** Welcome to your new home in Ferndale, MI! This 2-bedroom, 1-bathroom apartment boasts a modern and updated kitchen with quartz countertops and high-end appliances. The European-style walk-in shower adds a touch of luxury to your daily routine. Enjoy the convenience of a shared high-efficiency washer and dryer right at your fingertips. Located close to downtown Ferndale, you'll have easy access to all the shopping, dining, and entertainment the area has to offer. The freshly painted exterior gives the home a fresh and inviting look. Don't miss out on this opportunity to make this apartment your own by scheduling a showing today! Requirements: 1-year lease 620+ credit score required Applicant(s) total pre-tax income must be at least 3x monthly rent No evictions in past 5 years No active/unsettled bankruptcies No smoking No pets $59 application fee per adult Utilities: Gas and electricity are tenant responsibility Water is a flat $50/month Lawncare is included in the rent Other applicable fees due at signing: $300 cleaning fee 1.5 month cash deposit OR security deposit insurance (lower move-in costs option available!) $35.95/month Resident Benefits Package (includes renters insurance, credit building, ID protection, etc.)
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 316 Spencer is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 316 Spencer has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
316 Spencer stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
316 Spencer stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
316 Spencer is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 316 Spencer does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 316 Spencer compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Ferndale
1-bedroom apartments here are priced 12% lower than 1-bedrooms in Ferndale.
If you decide to upgrade your space, you can expect 2-bedrooms at 316 Spencer to be 2% more than the average for similarly sized apartments in Ferndale.
Median rents as of Aug 8 2026.
Ferndale
| Month | Median Rent |
|---|---|
| August 2024 | $950 |
| September 2024 | $950 |
| December 2024 | $1,700 |
| February 2025 | $1,593 |
| March 2025 | $1,273 |
| April 2025 | $1,381 |
| May 2025 | $2,207 |
| June 2025 | $2,017 |
| July 2025 | $1,680 |
| August 2025 | $1,540 |
| September 2025 | $1,999 |
| October 2025 | $1,899 |
| November 2025 | $1,899 |
| December 2025 | $1,700 |
| January 2026 | $1,785 |
| February 2026 | $1,785 |
| March 2026 | $1,700 |
| April 2026 | $1,849 |
| May 2026 | $1,826 |
| June 2026 | $1,781 |
| July 2026 | $1,651 |
| August 2026 | $1,504 |
Affordability calculator
Can I afford to live at 316 Spencer St?
Bedrooms
Rent-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
$49,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,000 annually to afford this 1-bedroom monthly rent price of $1,225.
For more information on rent affordability, visit our rent calculator.
Schools near 316 Spencer
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
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Internet available near 316 Spencer
Getting around Ferndale near 316 Spencer St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 316 Spencer St, Ferndale
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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