
Cheap Apartments for Rent in the Downtown Dearborn Neighborhood of Dearborn, MI from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Dearborn area of Dearborn.


7542 Manor, Unit B-3

Huron River Dearborn

5110 Maple St

City Hall Artist Lofts

West Warren Apartments

Guinan Building
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Leonard Apartments

6691 Barton St

6885 Mettetal St

Pablo Davis Senior Living Center

Oakwood Flats

Schaefer Manor Apartments

17790 Palmer ST
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Melvindale Square

Sunrise Place

14825 Joy Rd

7405 Garden St

Springwells Village

8426 Asbury Park

2508 Inglis St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

7424 Wykes St
Downtown Dearborn, Dearborn, MI Local Guide

How much does it cost to rent an apartment in Downtown Dearborn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Dearborn Studio Apartments | $1,010 | $1,010 | $1,010 |
| Downtown Dearborn 1 Bedroom Apartments | $1,245 | $591 | $2,500 |
| Downtown Dearborn 2 Bedroom Apartments | $1,668 | $782 | $3,000 |
| Downtown Dearborn 3 Bedroom Apartments | $1,840 | $1,350 | $2,090 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Downtown Dearborn Neighborhood of Dearborn, MI.
See all Apartments in DearbornExplore Dearborn
Downtown Dearborn, Dearborn, MI Local Guide
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Cheapest Available Downtown Dearborn Apartments for Rent
 The cheapest available apartment rental in the Downtown Dearborn area of Dearborn, MI is a 1 Bed unit found at Dearborn Town Center Senior priced from $655. Sunrise Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Dearborn apartments for rent in Dearborn, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dearborn Town Center Senior | One Bedroom Apartment | 1BR,1BA | $655 |
| Sunrise Place | 1 Bedroom | 1BR,1BA | $800 |
| Oakwood Flats | One Bedroom | 1BR,1BA | $850 |
| Huron River Dearborn | 1 Bedroom, 1 Bathroom | 1BR,1BA | $945 |
| City Hall Artist Lofts | Studio | Studio,1BA | $1,010 |
Best Value Apartments for Rent in Downtown Dearborn, MI
As of April 12, 2026 the best value apartment in the Downtown Dearborn area is the $1.58 price per square foot 3 BED 1 BATH Model at Springwells Park in the in the Fairlane neighborhood starting from $2,080. The second greatest value Downtown Dearborn apartment is the Two Bedroom Model at Allegria Village starting at $2,600 with a $2.32 price per square foot in the Warrendale neighborhood. Here is today’s list of the best values for Downtown Dearborn apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Springwells Park | 3 BED 1 BATH | 3BR,1BA | $1.58 |
| Allegria Village | Two Bedroom | 2BR,2BA | $2.32 |
| Lake Village of Fairlane | Edison 1st Floor Premium | 2BR,2BA | $1.36 |
| Huron River Dearborn | Upgraded 1 Bedroom, 1 Bathroom Unit | 1BR,1BA | $1.11 |
| Fairlane East | 1 Bed 1 Bath | 1BR,1BA | $1.67 |
| City Hall Artist Lofts | Studio | Studio ,1BA | $1.38 |
| Dearborn Town Center Senior | One Bedroom Apartment | 1BR,1BA | $1.04 |
| Oakwood Flats | One Bedroom | 1BR,1BA | $1.42 |
| Fairlane Meadow Apartments and Townhomes | Jasmine | 1BR,1BA | $2.18 |
| Sunrise Place | 1 Bedroom | 1BR,1BA | $1.78 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Downtown Dearborn, Dearborn, MI
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Downtown Dearborn, Dearborn, and the greater Dearborn area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, apartment complexes for the kids, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Dearborn Apartments
What is the price of a cheap apartment in Downtown Dearborn?
The cheapest apartment in Downtown Dearborn is Dearborn Town Center Senior which is listed at $655, while the average apartment in Downtown Dearborn costs $2,080.
What types of apartments are the cheapest in Downtown Dearborn?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Downtown Dearborn that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Dearborn?
Cheap apartments in Downtown Dearborn have an average cost of $560 which is $1,520 cheaper than the average rent for all rentals in Downtown Dearborn.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.