Cheap Apartments for Rent in the CBD Neighborhood of Detroit, MI from $700 (60 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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The Broderick Tower (MCI)
$1,070 - $6,180
Total Monthly Price

Total Monthly Price

Base Rent
$1,010 - $6,120
Required Monthly Fees
$60
Total Monthly Price
$1,070 - $6,180
Studio to 3 Bedroom Apartments Available Now

The Broderick Tower (MCI)

10 Witherell StDetroit, MI 48226
Furnished
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  • Utilities Included
  • 3D Tour

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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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Security Trust Lofts
Studio to 2 Bedroom Apartments

Security Trust Lofts

735 Griswold StDetroit, MI 48226
  • Utilities Included
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Royal Windsor Apartments
$900 - $1,295Studio to 2 Bedroom Apartments

Royal Windsor Apartments

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

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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 $790. 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$790
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
PalmsStudio A3Studio,1BA$895
Fyfe ApartmentsS1 (Studio / One Bathroom Classic)Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
Town ResidencesS8Studio,1BA$935
Briggs HouzeStudioStudio,1BA$999
The CharlotteStudio 1 BathStudio,1BA$1,000
28GrandUnit DStudio,1BA$1,020
The AmoThe PeterboroStudio,1BA$1,050

Best Value Apartments for Rent in CBD, MI

As of April 04, 2026 the best value apartment in the CBD area is the $1.83 price per square foot 3bed/2.5bath Penthouse Model at The Claridge Apartments in the in the Necklace District neighborhood starting from $3,300. The second greatest value CBD apartment is the C3PH - Penthouse Model at The Millie on Brush starting at $2,485 with a $1.76 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.
The Claridge Apartments3bed/2.5bath Penthouse3BR,2.5BA$1.83
The Millie on BrushC3PH - Penthouse2BR,2BA$1.76
Addison ApartmentsThe Cobb1BR,1BA$1.96
Jean RivardThe Ottowa1BR,1BA$1.33
Palms EastBalcony1BR,1BA$1.69
Millwood Place ApartmentsOne Bedroom Apartment1BR,1BA$1.99
Central Park1 Bedroom 1 Bathroom1BR,1BA$1.73
Lafayette Park Place - Detroit, MIStudioStudio ,1BA$1.69
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.72

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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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 $1,050.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is New Cadillac Square Apartments which is listed at $935, while the average apartment in CBD costs $3,785.

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 84 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 $513 which is $3,272 cheaper than the average rent for all rentals in CBD.

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

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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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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.

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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.

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Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

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.

Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.

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Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.