Cheap Apartments for Rent in the CBD Neighborhood of Detroit, MI from $660 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the CBD area of Detroit.

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

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28Grand
$1,070 - $1,390
Total Monthly Price

Total Monthly Price

Base Rent
$1,070 - $1,390
Total Monthly Price
$1,070 - $1,390
Studio Apartments Available Aug 27

28Grand

28 W Grand River AveDetroit, MI 48226
Furnished
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  • 3D Tour

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Heather Hall
Studio to 1 Bedroom Apartments

Heather Hall

3444 2nd AveDetroit, MI 48201
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Briggs Houze
Studio to 2 Bedroom Apartments

Briggs Houze

114 W Adams RdDetroit, MI 48226
  • Utilities Included
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Coat Factory Lofts
Studio Apartments

Coat Factory Lofts

1652 W Fort StDetroit, MI 48216
  • Utilities Included

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.

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property at 524 Pitt St W

$1,137

1 Bedroom Rentals

Available Oct 1

524 Pitt St W

WindsorONN9A 5M2
property at 560 Chatham St W

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

6 Bedroom, 2 Bath Home for Rent

Available Now

560 Chatham St W

WindsorONN9A 5N2
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Royal Windsor Apartments
$1,075 - $1,450Studio to 2 Bedroom Apartments

Royal Windsor Apartments

280 Park St WWindsor, ON N9A 5T8
  • Utilities Included
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

CBD, Detroit, MI Local Guide

Cheapest Available CBD Apartments for Rent

 

The cheapest available apartment rental in the CBD area of Detroit, MI is a Studio unit found at Henry Street Apartments priced from $660. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable CBD apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Henry Street ApartmentsStudioStudio,1BA$660
Heather HallStudio 1 BathroomStudio,1BA$750
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
City Place DetroitStudio ApartmentStudio,1BA$900
The AmoThe Peterboro1BR,1BA$900
The Hive on RussellStudio, 1 bathStudio,1BA$905
The PavilionLafayetteStudio,1BA$928
The CharlotteStudio 1 BathStudio,1BA$1,015
The Broderick Tower (MCI)The CraneStudio,1BA$1,070
University Ave Apartments WindsorJunior One Bedroom1BR,1BA$1,100

Best Value Apartments for Rent in CBD, MI

As of August 24, 2026 the best value apartment in the CBD area is the $1.39 price per square foot Cadillac Model at Lafayette Towers in the in the Necklace District neighborhood starting from $3,000. The second greatest value CBD apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,545 with a $1.40 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for CBD apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lafayette TowersCadillac3BR,2BA$1.39
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
The Millie on BrushA2PH - Penthouse1BR,1BA$1.83
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.59
Henry Street ApartmentsOne Bedroom1BR,1BA$1.23
Palms EastBalcony1BR,1BA$1.69
Millwood Place ApartmentsOne Bedroom Apartment1BR,1BA$1.99
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
The Claridge ApartmentsPenthouse StudioStudio ,1BA$1.98
Heather HallStudio 1 BathroomStudio ,1BA$1.63

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.

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The 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

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Real 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.

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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.

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Lifestyle Ratings

This website is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Detroit. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap CBD Apartments

What is a cheap apartment in CBD?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in CBD is under $1,100.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is The Amo which is listed at $900, while the average apartment in CBD costs $1,760.

What types of apartments are the cheapest in CBD?

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 30 regular apartments in CBD that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.

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The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

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Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

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