Cheap Apartments for Rent in the CBD Neighborhood of Detroit, MI from $700 (50 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Heather Hall
Studio to 1 Bedroom Apartments

Heather Hall

3444 2nd AveDetroit, MI 48201

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.

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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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Security Trust Lofts
Studio to 2 Bedroom Apartments

Security Trust Lofts

735 Griswold StDetroit, MI 48226
  • Utilities Included
property at 524 Pitt St W

$1,093 - $1,094

1 Bedroom Rentals

Available Now

524 Pitt St W

WindsorONN9A 5M2

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.

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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
Lafayette TowersFoxStudio,1BA$880
PalmsStudio A8Studio,1BA$895
Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
Town ResidencesS8Studio,1BA$935
The PavilionOrleansStudio,1BA$999
Briggs HouzeStudioStudio,1BA$999
The CharlotteStudio 1 BathStudio,1BA$1,000

Best Value Apartments for Rent in CBD, MI

As of January 14, 2026 the best value apartment in the CBD area is the $1.50 price per square foot 2557 John R St Model at 2557 John R St, Unit 2557 in the in the Necklace District neighborhood starting from $2,100. The second greatest value CBD apartment is the 1408-Branch Lofts - 2 Bed Renovated Model at Branch Lofts starting at $2,049 with a $1.71 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.
2557 John R St, Unit 25572557 John R St3BR,1.5BA$1.50
Branch Lofts1408-Branch Lofts - 2 Bed Renovated2BR,1BA$1.71
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
The Claridge Apartments1bed/ 1bath1BR,1BA$1.41
The Millie on BrushA1d - Deluxe1BR,1BA$1.61
Jean RivardThe Ottowa1BR,1BA$1.42
Palms EastBalcony1BR,1BA$1.69
Lafayette Park Place - Detroit, MIStudioStudio ,1BA$1.69
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Lafayette TowersFoxStudio ,1BA$1.67

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 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.

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Cash 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.

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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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Quick 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.

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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 $1,000.

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 $3,547.

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 85 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 $410 which is $3,137 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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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!