
Cheap Homes for Rent in the Downtown Dearborn Neighborhood of Dearborn, MI from $795 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Dearborn area of Dearborn.


4441 Oakwood

4431 Oakwood

2508 Inglis St
Rent According to Income: A Look at Income-Restricted Rentals
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8426 Asbury Park

5517 Hillsboro St

8350 Roselawn St

6117 Kenilworth St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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8577 Mark Twain St
Downtown Dearborn, Dearborn, MI Local Guide

How much does it cost to rent a home in Downtown Dearborn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Dearborn 2 Bedroom Homes for Rent | $1,327 | $900 | $2,300 |
| Downtown Dearborn 3 Bedroom Homes for Rent | $1,441 | $1,350 | $1,500 |
| Downtown Dearborn 4 Bedroom Homes for Rent | $1,723 | $1,400 | $2,195 |
| Downtown Dearborn 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Dearborn Neighborhood of Dearborn, MI.
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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 $591. Joy Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. 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 | $591 |
| Joy Apartments | 1 Bedroom | 1BR,1BA | $850 |
| Pablo Davis Senior Living Center | One Bedroom w/out vouchers | 1BR,1BA | $865 |
Best Value Apartments for Rent in Downtown Dearborn, MI
As of August 22, 2026 the best value apartment in the Downtown Dearborn area is the $1.90 price per square foot Wisteria Model at Fairlane Meadow Apartments and Townhomes in the in the Warrendale neighborhood starting from $1,495. The second greatest value Downtown Dearborn apartment is the Studio Model at City Hall Artist Lofts starting at $1,010 with a $1.38 price per square foot in the East Dearborn 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. |
|---|---|---|---|
| Fairlane Meadow Apartments and Townhomes | Wisteria | 1BR,1BA | $1.90 |
| City Hall Artist Lofts | Studio | Studio ,1BA | $1.38 |
| Joy Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| Dearborn Town Center Senior | One Bedroom Apartment | 1BR,1BA | $0.94 |
| Pablo Davis Senior Living Center | One Bedroom w/out vouchers | 1BR,1BA | $1.44 |
| 4442 Freer St, Unit 4442 apt 2 a | 4442 Freer St | 1BR,1BA | $1.80 |
| Springwells Park | STUDIO | Studio ,1BA | $2.56 |
Don'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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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
Frequently Asked Questions about Downtown Dearborn
What type of rentals are currently available in Downtown Dearborn?
There are currently 114 Apartments for Rent in Downtown Dearborn, MI with pricing that ranges from $591 to $2,550. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Dearborn ranging from $795 to $2,800.
What is the current price range for Rental Homes in Downtown Dearborn?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Dearborn ranges from $795 to $2,800 with an average monthly rent of $1,455.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.