Cheap Apartments for Rent in the CBD Neighborhood of Detroit, MI from $700 (56 Rentals)

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

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Heather Hall
Studio to 1 Bedroom Apartments

Heather Hall

3444 2nd AveDetroit, MI 48201
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Coat Factory Lofts
Studio Apartments

Coat Factory Lofts

1652 W Fort StDetroit, MI 48216
  • Utilities Included
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Broderick Tower
Studio to 3 Bedroom Apartments

Broderick Tower

10 Witherell StDetroit, MI 48226
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The Malcomson
1 to 3 Bedroom Apartments

The Malcomson

1215 Griswold StDetroit, MI 48226
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Crawford
1 to 2 Bedroom Apartments

Crawford

2050 8th StDetroit, MI 48216
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Security Trust Lofts
Studio to 2 Bedroom Apartments

Security Trust Lofts

735 Griswold StDetroit, MI 48226
  • Utilities Included
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 Heather Hall priced from $740. New Cadillac Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable CBD apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Heather HallStudio 1 BathroomStudio,1BA$740
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Town ResidencesS8Studio,1BA$895
Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895
PalmsStudio A8Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
28GrandUnit A - ADAStudio,1BA$975
The PavilionAntietamStudio,1BA$979
eXchange ApartmentsS2af (Affordable Housing)Studio,1BA$995
Briggs HouzeStudioStudio,1BA$999

Best Value Apartments for Rent in CBD, MI

As of November 06, 2025 the best value apartment in the CBD area is the $1.50 price per square foot Two Bedroom Apartment Model at Lafayette Park Place - Detroit, MI in the in the Necklace District neighborhood starting from $1,500. The second greatest value CBD apartment is the 1bed/ 1bath Model at The Claridge Apartments starting at $1,350 with a $1.36 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 Park Place - Detroit, MITwo Bedroom Apartment2BR,1.5BA$1.50
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
The Millie on BrushA1d - Deluxe1BR,1BA$1.62
Lafayette TowersGuardian1BR,1BA$1.48
Jean RivardThe Ottowa1BR,1BA$1.42
The Kales Building1 Bedroom, 1 Bathroom1BR,1BA$1.75
Palms EastBalcony1BR,1BA$1.69
Central ParkOne Bedroom1BR,1BA$1.68
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.61

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Cbd, Detroit, MI

Ranked #10

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $999.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is Heather Hall which is listed at $860, while the average apartment in CBD costs $3,520.

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 73 regular apartments in CBD 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 CBD?

Cheap apartments in CBD have an average cost of $390 which is $3,130 cheaper than the average rent for all rentals in CBD.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.