The 28-year-old told the club's official website: "I'm delighted that it's sorted now and I can hopefully continue on from last year.
"It was a really good end to the season with the way we finished off, the way we were playing and I just hope we can continue on with that again.
"Last season was fantastic for me, playing pretty much every game from Christmas onwards. To cement myself as the number one right-back was great and hopefully I can continue on with that this season.
"To sign another contract here is fantastic. I'm delighted to be staying at the club and I just want to carry on with the progression I've made over the last year or so."
English Premier League
Rio Ferdinand has set his sights on winning more silverware under David Moyes after signing a one-year contract extension with Manchester United.