
Apartments for Rent in Detroit, MI Under $5,000 (1,055 Rentals)


Guoin Street Lofts

Hotel Houze - Short Term Leases

The Assembly

Waters Edge Apartments of Harbortown

35W

The Proy Apartments

The Griswold

Branch Lofts

The Press/321
The Detroit Insiders Renting Guide: A Local's Look Under the Hood
Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.

The Kales Building

The Ferguson

The Stott

The Scott at Brush Park

Elton Park Corktown Apartments

Trumbull Terrace

Studio One Apartments

The Residences Water Square

Book Tower

The Lofts of Merchants Row
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

CBD Detroit Apartments

Preserve on Ash - Phase I

743 Beaubien St, Unit 303

The Kahn

Palmer Court Apartments

The Albert - Capitol Park

Perennial Corktown

7428 Dunedin St, Unit 1

7426 Dunedin St, Unit LL

86 Englewood St, Unit 92
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Murray

DuCharme Place Apartments

The Coe at West Village

The Residences at City Modern

The Commodore

11450 Minden Ave

4844 Commonwealth St, Unit UB

4848 Commonwealth St, Unit 4

Welcome to the Addison-Historic Charm Meets Modern Living in Midtown Detroit

The Willis
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

The Boulevard

The Auburn

University Club

The Claridge Apartments

15860 Linwood St, Unit Upper Unit

Washington Park Apartments

The Millie on Brush

Orleans Landing

Kirby Manor

Grayhaven Marina Village
Check Out Detroit’s Best Affordable Neighborhoods
Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown
Detroit, MI Local Guide

How much does it cost to rent an apartment in Detroit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Detroit Studio Apartments Under $5000 | $1,223 | $475 | $3,150 |
| Detroit 1 Bedroom Apartments Under $5000 | $1,396 | $410 | $4,995 |
| Detroit 2 Bedroom Apartments Under $5000 | $1,693 | $457 | $5,770 |
| Detroit 3 Bedroom Apartments Under $5000 | $2,248 | $525 | $10,000+ |
| Detroit 4 Bedroom Apartments Under $5000 | $1,971 | $790 | $7,073 |
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Detroit, MI Local Guide
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleThe Best Detroit Area Neighborhoods for Off-Campus Housing Renters
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Detroit, MI Rentals by Map
See the most popular apartments and homes in Detroit, MI
Detroit, MI Area Reviews
Frequently Asked Questions about Detroit
How much are Studio apartments in Detroit?
There are currently 729 Studio Apartments in Detroit with rent ranges from $475 to $3,150 with an average price of $1,223.
What is the current price range for One Bedroom Detroit Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Detroit ranges from $410 to $4,995 with an average monthly rent of $1,396.
What does renting a Two Bedroom Apartment in Detroit cost?
The monthly rent prices of Two Bedroom Apartments currently available in Detroit range from $457 to $5,770. Today's average rental price for Two Bedrooms here is $1,693.
How expensive are Detroit Three Bedroom Apartments?
There are currently 360 Three Bedroom Apartments listings available in Detroit on ApartmentHomeLiving.com. The pricing ranges from $525 to $23,700 - averaging $2,248 for the location.
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.
Helpful Local Expert Guides

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!