Cheap Apartments for Rent in the CBD Neighborhood of Detroit, MI from $700 (61 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

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

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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 New Cadillac Square Apartments priced from $795. Town Residences has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable CBD apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Town ResidencesS3Studio,1BA$800
Heather HallStudio 1 BathroomStudio,1BA$845
The Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
CBD Detroit ApartmentsStudio Affordable Program Nn-AFFStudio,1BA$900
The PavilionLafayetteStudio,1BA$959
Briggs HouzeStudioStudio,1BA$999
Central ParkOne Bedroom1BR,1BA$1,025
Philip HouzeStudioStudio,1BA$1,049

Best Value Apartments for Rent in CBD, MI

As of June 20, 2025 the best value apartment in the CBD area is the $1.87 price per square foot C4PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $3,175. The second greatest value CBD apartment is the 1412-Branch Lofts - 2Bed - 1Bath Model at Branch Lofts starting at $1,995 with a $1.66 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 Millie on BrushC4PH - Penthouse2BR,2BA$1.87
Branch Lofts1412-Branch Lofts - 2Bed - 1Bath2BR,1BA$1.66
743 Beaubien St, Unit 303743 Beaubien StStudio ,1BA$1.35
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.47
Lafayette TowersFisher1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.69
Central ParkOne Bedroom1BR,1BA$1.58
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.84

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Cbd, Detroit, MI

Ranked #9

Among neighborhoods in Detroit, MI 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 $1,049.

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 $3,360.

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

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.