5+ Days Ago
Highlights
- Private entrance
- Thoughtfully renovated kitchen
- Driveway parking
- No smoking
- Newer windows
Location
500 E Troy St, Ferndale, MI 48220, USA
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Property Overview
500 E. Troy offers a strong overall value with a high expert rating, excellent price, amenities, and location scores, along with a trustworthy listing description. Notable features include a private entrance, thoughtfully renovated kitchen, driveway parking, newer windows, and no smoking, while the nearest grocery store is about 3.98 miles away.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Walk-in closet
Great for
Pet owners
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 782 sqft | $1,495 /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 the heart of downtown Ferndale! This charming lower-level flat is just one block from the fabulous 9 Mile strip, placing you steps away from the area's best bars, restaurants, and shops. Private entrance, private laundry, and private parking! With two cozy bedrooms and a spacious bathroom featuring dual showerheads - one of which is a luxurious 2x2ft - this rental offers both comfort and style. The open layout flows seamlessly from the living room into the dining area and kitchen, providing ample space for entertaining or relaxing at home. You'll also appreciate the convenience of a shared basement that includes two washers and dryers, along with your own private storage room for extra belongings. Parking is a breeze with designated spots in the shared driveway. Set on a large corner lot, this flat is walkable to all the downtown amenities, making it the perfect spot for those who want to enjoy everything Ferndale has to offer. Don’t wait - this incredible rental won't last long! 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 1 pet may be allowed (pet fee & pet rent apply; breed restrictions apply) $59 application fee per adult Utilities: Gas and electricity are tenant responsibility Water is included with the rent Lawncare is included in the rent Other applicable fees due at signing: $200 cleaning fee 1 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.) $25/month pet rent, per pet (if applicable) $300 one-time pet fee, per pet (if applicable) |
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Amenities for 500 E. Troy
Apartment Amenities
| Dryer | Water |
Appliances
| Built-in Microwave | Dishwasher |
| In-Unit Laundry | Microwave |
| Range | Refrigerator |
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
Building details
Property details
| Units | 2 |
|---|
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About 500 E. Troy
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 the heart of downtown Ferndale! This charming lower-level flat is just one block from the fabulous 9 Mile strip, placing you steps away from the area's best bars, restaurants, and shops. Private entrance, private laundry, and private parking! With two cozy bedrooms and a spacious bathroom featuring dual showerheads - one of which is a luxurious 2x2ft - this rental offers both comfort and style. The open layout flows seamlessly from the living room into the dining area and kitchen, providing ample space for entertaining or relaxing at home. You'll also appreciate the convenience of a shared basement that includes two washers and dryers, along with your own private storage room for extra belongings. Parking is a breeze with designated spots in the shared driveway. Set on a large corner lot, this flat is walkable to all the downtown amenities, making it the perfect spot for those who want to enjoy everything Ferndale has to offer. Don’t wait - this incredible rental won't last long! 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 1 pet may be allowed (pet fee & pet rent apply; breed restrictions apply) $59 application fee per adult Utilities: Gas and electricity are tenant responsibility Water is included with the rent Lawncare is included in the rent Other applicable fees due at signing: $200 cleaning fee 1 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.) $25/month pet rent, per pet (if applicable) $300 one-time pet fee, per pet (if applicable)
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 500 E. Troy is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 500 E. Troy has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
500 E. Troy offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
500 E. Troy 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.
500 E. Troy 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 500 E. Troy 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.
500 E. Troy is great for:
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 500 E. Troy compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Ferndale
2-bedroom apartments at 500 E. Troy cost about 5% less than the average rent price for 2-bedroom apartments in Ferndale.
Median rents as of Jun 13 2026.
Ferndale
| Month | Median Rent |
|---|---|
| July 2024 | $950 |
| 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 | $1,808 |
Affordability calculator
Can I afford to live at 500 E Troy 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
$59,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $59,800 annually to afford this 2-bedrooms monthly rent price of $1,495.
For more information on rent affordability, visit our rent calculator.
Schools near 500 E. Troy
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 500 E. Troy
Getting around Ferndale near 500 E Troy St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
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 500 E Troy St, Ferndale
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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